“Some time in the next few months the authorities get a wake-up call. They are tapering off QE. This reduces the amount of excess liquidity driving up stocks. It is bound to increase volatility, too. It wouldn’t be too much of a surprise to see the Dow down 1,000 points in a day – or more. Then, Janet Yellen will panic, and it will be back to QE, and perhaps more. There have been several hints that the Fed and other central banks may be willing to go to direct money printing – something like dropping money from helicopters – as the next stage. When that comes it could mean fantastic increases in stocks – and who knows what else.”
Related posts:
US govt to auction $18mn worth of bitcoin seized from Silk Road
EU retreats from olive oil ban after wave of ridicule
Is There a Perfect Storm for Federal Sentencing Reform?
Real Estate: “Millennials” Out, Chinese Buyers In
World's Largest LED Hydroponic Farm Used to Be a Sony Factory
U.S. Cities Where It’s Cheaper to Buy Than Rent
Papers Please: TSA-Style Checkpoints at UK Bus & Train Stations
What the Eurozone Financial Crisis Is Really About
AOCS Currency Hour with guest Robert Wenzel - 2012-08.28
Iceland's EU bid is over, commission told
The Architect of Obamacare is Now Cashing in By Using Obamacare to Sue Insurers
Dutch man injects Bitcoin wallet NFC chips into his hands
Reality Check: What The Fiscal Cliff Means For Businesses, Employees & The Unemployed
Should Detroit’s Bankruptcy Be an Early-Warning Sign for Washington?
Taiwanese gang caught smuggling $3m worth of gold into South Korea
