Monday, September 10, 2012
SURE, MORE QE PLEASE, BUT
The minutes may have been stale, the Jackson Hole speech uncertain, but the August payrolls report last Friday was crystal clear in its warning on jobs.
**Problem is, preserve some jobs? Maybe....CREATE LOTS OF JOBS? NO. QE has one purpose and only one purpose, to goose stock markets. While in and of itself not a bad thing in the short term, this is CRACK, artificial sweetner.....and it WILL LEAVE a bitter after taste
Posted by Marc R at 9:56 AM