Looking at the situation in the UK, he says the recent economic growth will not necessarily be replicated in the financial markets. Gibbs thinks the quantitative easing programme the Bank of England is following could be bringing false hope.
“I’ve heard a number of explanations of the quantitative easing programme but the analogy that I can’t quite get out of my mind is a bloke standing by a well, pouring water into a bucket with a hole in it,” Gibbs says. “I’m not sure what’s going to happen whe
The week on Risk.net, August 4–10Receive this by email