As you know, our government always wins a blame game, this time, they had put blame on US Fed bank quantitative easing programme. Let me brief about that stimulus programme. After sub prime crisis, Americans stopped spending their money, as they left with no money with them. Unlike, European and Asian economies, US economy had built on their citizens spending. As they stopped spending, growth started to see zeros and negatives. To boost up the spending, US fed bank had decreased the interest ...
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