Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Former head of a $20 bn Investment Portfolio and passionate global macro investor. I write The Macro Compass, a financial newsletter providing actionable investment ideas & unique macroeconomic insights to enhance the risk/return of your portfolio

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Macroeconomics

<ul><li>In a famous interview released on May 2020, Jerome Powell stated Central Banks can print money in digital format.</li><li>And he is right, they indeed do that when they embark in policies such as QE.</li><li>But he forgot to mention that what they print is bank reserves, which is money only for commercial banks and not for us common people.</li></ul>

In a famous interview released on May 2020, Jerome Powell stated Central Banks can print money in digital format.And he is right, they indeed do that when they embark in policies such as QE.But he forgot to mention that what they print is bank reserves, which is money only for commercial banks and not for us common people.

The True Reason Why Central Banks Do QE