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Still, 66 percent plan to raise assets by at least 25 percent in 2012.
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Asset purchases, naturally, raise asset prices.
Knock-on purchases would raise asset prices, growth expectations, and the price level.
Its actions, it hoped, would raise asset prices and end deflation.QE has now come to refer to several flavours of asset-purchase programme.
Shell counters this as follows: it has already said it is cutting capital spending by $15 billion; it now says it will raise asset sales to $30 billion in 2016-18.
The disbursement of thousands of billions in quantitative easing both in the US and the UK from 2009 onwards was meant to raise asset prices – and assets are by definition in the hands of the wealthy.
(Or as Larry Summers put it on Sunday, "it is only rational to recognise that low interest rates raise asset values and drive investors to take greater risks, making bubbles more likely").So these are the arguments that Mr Klein is wrong, and that inequality is at least as important as growth or unemployment.
"If you pump money into a financialised system you raise asset prices to extreme proportions and wages don't have to rise – that's what creates the boom-bust pattern but it's not a steady state, it destroys another part of the state.
And I therefore do not believe that we should be focusing under current circumstances on trying to raise asset prices.
There's a feeling stated in their reports that if we can raise asset prices in the stock market, that people will feel wealthier and spend more.
"I'm too focused on raising assets," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com