Printed Money Lifts Property Prices?
Charles Bean, deputy governor of the Bank of England, released a statement this week which stated that “the recovery in confidence and rise in asset prices since the start of its quantitative easing had been significant”.
He appears, in the language of central bankers, to be saying that quantitative easing (or printing money) has lifted the price of residential property, commercial and other assets.
Interesting.
He is saying, therefore, that the rise in those assets has been artificially stimulated and that at some point that stimulation will be withdrawn?
One can only presume a gradual withdraw and therefore a gradual reduction in those asset prices. A slow crumble, then?