Zero rates and quantitative easing merely drive up asset prices, Ambrose

There is by now near universal agreement that reliance on zero rates and quantitative easing merely to drive up asset prices have reached their limits, rewarding the owners of capital with precious little trickle-down to the working poor. 

 The politics are poisonous.

 Simon Ward from Henderson Global Investors says his key measure - six-month real M1 money - is rising at a rate of 10.5pc, the fastest since the post-Lehman stimulus.

 Ambrose Evans-Pritchard, Telegraph 27 July 2016






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