[QODLink]
Counting the Cost
QE2 - a financial Titanic?
We look at quantitative easing in the US, Obama's visit to India, and the G20 meeting in Seoul.
Last Modified: 06 Nov 2010 14:05 GMT

First of all, don't blame me for the pun-o-riffic title for this blog ... it was my producer Bethan, who is still laughing about it. 
 
But the truth is if you have read anything about QE2 (Quantitative Easing) then you have probably heard all the comparisons with Queen Elizabeth II or the QE2 cruise ship ... and how they actually have no comparison whatsoever. Stay with me here.
 
QE2 is the US's second installment of, as we said, quantitative easing ... which is in essence printing money to loan to banks and businesses. 

I won't do all the explaning here because Bethan has put together a very good sequence on the show this week, which explains it as clear as I have seen anywhere. 
 
But at the core of QE2 is the US's decision to spend its way to a (hopeful) economic recovery, rather than make cutbacks. 

This is something we have obviously covered extensively on CTC but here we have the US actually making its big move. 

You could even call it a gamble, because if this doesn't work ... well, what will?
 
To discuss this all, we welcome back James K Galbraith from the University of Texas at Austin, who was such an excellent guest on a similar topic a few weeks back.
 
Also this week, a look at President Obama's coming visit to India and the G20 meeting which is coming up in Seoul soon as well.
 
And right now, as I write this, I'm about to head off to the Four Seasons Hotel here in Doha to interview the Egyptian minister for trade and industry. 

We are very lucky that economic players from all over the world are doing business in Qatar, because it makes for good one-on-one interviews for the show!
 
(Plus the view at the Four Seasons is great!)
 
See you on TV for Counting the Cost and online at @AJCountingCost via twitter!

Counting the Cost can be seen each week at the following times GMT: Friday: 1430, 2130; Saturday: 0300, 1230; Sunday: 0630, 1930; Monday: 0030, 0730.

Source:
Al Jazeera
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
A former rebel's museum keeps alive memories of the July 26, 1953 veterans who launched Cuba's revolution.
A revolutionary new treatment is halving hospitalisation rates for severe asthma sufferers.
More than fifty years of an armed struggle for independence from Spain might be coming to an end in the Basque Country.
Human rights and corporate responsibility prompt a US church to divest from companies doing business with Israel.
After the shooting-down of flight MH17, relatives ask what the carrier has learned from still-missing MH370.
join our mailing list