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"Quantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason – QE is not going away for a long time."

— Jeffrey Gundlach
jeffrey gundlach Quotes Deficit,Going Away,Central Banks

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Sure, we loaned money to build hotels and casinos in Las Vegas. So what? Las Vegas borrowers were good customers.

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As the run-by-capital society of producers turned since into the run-by-capital society of consumers, I would say that the main, indeed "meta", function of the governments has become now to assure that it is the meetings between commodities and the consumers, and credit issuers and the borrowers, that regularly take place.

— Zygmunt Bauman

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