From an economic point of view, the GFC was unavoidable. This helped to balance/check the whole financial system. In order to avoid a Great Depression after Y2K, the world’s largest economy, the US started QE1 buying toxic wastes and expanded QE1 in March 2009. Let’s have a look at the effects. With QE1 (large amount of liquidity) and LOW interest rate environment (less than 1%) in the US, UK, ...