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May 14, 2011

Thank you all for the feedback

Would you believe I have over 1500 comments to wade through!  I wish I could publish them all and respond to them all but I simply don't have the time...

But I have been reading them and do appreciate the feedback!

 

Why QE2 Failed (And Why You Should Be Very Afraid If We Get QE3

QE2 was a failed experiment. 

1)  It did not create jobs

2)  It did not re-inflate the housing market

3)  It did not invert the import/export curve (in fact, it only made our balance of trade worse due to higher oil prices)

 

Be very afraid if we get QE3.  Cuz the only reason left is simply to monetize the debts that nobody else is willing to buy.  

P.S. Currency conversion premiums are at an all-time high and there is a huge premium on physical metals over spot.  This is very discouraging for people who want to hold something other than US dollars.  Go figure!