The Value Perspective: What Alan Shearer now has to teach us about QE

In football or investment, beware the ‘closed’ system

As the Premier League kicks off for another season, writing for Investment Week's sister title Professional Adviser, Andy Evans revisits the subject of football transfer fees and the important lesson it holds for investors who have benefitted from rising asset prices since the financial crisis.

What a versatile chap Alan Shearer is turning out to be - record goal scorer in the English Premier league, football pundit for the BBC and now our favourite go-to illustration when explaining financial concepts. A couple of weeks back, we learnt what he had to teach us about inflation and now he can help offer an interesting insight into the curious world of quantitative easing or 'QE' for short. QE has become the shorthand term for the various measures taken by the Bank of England, the US Federal Reserve and other central banks around the world in the wake of the global financial cr...