Quantitative easing tails off in the sport of King's

Quantitative easing started promisingly but tailed off badly and failed to fulfil the high hopes of its supporters. We are talking horses here (today's Coral Cup at Cheltenham) rather than monetary policy. But since Mervyn King has made a point of highlighting the nag's once-unblemished record, perhaps there's an omen there. Still, at least the horse wasn't beaten by Wishful Thinking, which is some people's view of quantitative easing.