The ultimate bubble!!!!!

Discussion in 'Economics' started by S2007S, Nov 9, 2010.

  1. S2007S


    As I have been saying for months and months there is a huge bubble in the making across all asset classed, even Mr. Fisher agrees!!!!

    This is not the way to fix a crisis but everyone still cheers Bubble ben bernanke for his worthless monopoly printing ways.

    Keep thinking Bubble ben bernanke is doing the right thing and watch him fool you all the way into the next huge bubble. Remember the only way our economy grows is through the creation of bubbles.

    Fed's $600 Billion Effort is the 'Ultimate Bubble': Mark Fisher | November 09, 2010 | 02:20 PM EST
    The Federal Reserve's recent announcement that it will inject $600 billion more into US economy, a move known as quantitative easing or QE2, has left many on Wall Street concerned.

    "If we were going to print this worthless money, we should've bought everyone else's bonds. But buying our own worthless paper with more worthless paper, this is going to be the ultimate bubble," Mark Fisher, founder and CEO of MBF Asset Management, told CNBC's "The Strategy Session" on Tuesday.

    "We need to be careful. If you look at QE2, whether you agree with it or disagree with it, this can't end right," Fisher said, adding, "This is gonna end bad. It's not a matter of 'if,' it's a matter of 'when.'"

    In relation to China, Fisher thinks the United States should get rid of "the currency peg at all costs because we are subsidizing all of these developing and emerging countries by allowing them to peg their currency to us."

    The US should "force China to let its currency free-float," Fisher concluded.