The Cost of Public Service

Central bank losses don't mean QE was a colossal waste of resources, it just looks that way.

Apropos of nothing, here’s a frivolous and piecemeal look at how central banks across the developed world are dealing with losses. Reports of central bank losses threatens to be such a common saga across the developed world that detail becomes tiring (all those noughts). Instead, here are a few current tidbits to place next to the overview of European c…