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“An explosive critique about the investment industry: provocative and well worth reading.”
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Monthly Archives: September 2012
QE3 Rally: get excited at your peril
“In the fourth quarter of this year we could head towards the fiscal cliff, have a country coming to the ESM and China slowing, you want to get excited, go ahead but you could get crushed,” says David Bloom, global … Continue reading
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Warsh: “Fed chips are now all in”
“We’ve been running the stimulus programs like an infomercial,” says Kevin Warsh, Hoover Institution, discussing how the Fed’s asset-buying program will impact investors and the markets and U.S. economy. Here is a direct link.
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Evidence to the contrary
Yesterday Fed Chair Bernanke stated that the Fed would continue to offer quantitative easing until the unemployment rate comes down. As shown in the chart below that there is no evidence that any of their mammoth efforts to date (QE1, … Continue reading