“Stocks have barely begun to correct (the S&P 500 is down about 7% from its September high) and the St. Louis Fed president is already preparing for QE4. But where is the proof – from logic or experience – that QE pays off? It is a shame that quack philosophers, politicians and central bankers are not subject to penalty. After all, bridge builders and hedge fund managers suffer shame and ruin when their projects fall to pieces. Fed officials are promising more cash and credit, neither of which they actually possess. You’ll recall that stocks fell when QE1 and QE2 ended. Why shouldn’t they fall now that QE3 is ending too?”
http://bonnerandpartners.com/get-ready-qe4/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The FBI Is an Enemy of Freedom
Travelers in the VIPR's Nest
Prohibitionists Respond to Repeal: Bootlegging, Racketeering, and Kidnapping Will Go Up Now!
Peter Schiff: Gold Will Have Its Day
The Treasury Payoff
Paul Craig Roberts: Will Obama Doom Himself As A War Criminal
Public Justice Under Attack?
The Phony Trade-off Between Privacy and Security
What Was the Point of Regime Change in Iraq?
One Man’s Trash is Another Man’s Big Data
Senator Wyden Warns Against the Surveillance State
A Modest Step in the Direction of Gun Control
Bill Bonner: The worst candidate to replace Ben Bernanke
Millennials Don’t Trust Uncle Sam, and That’s Good
Bill Bonner: A Secret Only a Tiny Number of Investors Understand