Reality Reality bites, but utopian bs is worse. The Fed has to do what it's doing, not because of what Munchau says, even, but because in the reality we all have to live in, China exists. And the US is not going to become a colony of China just to satisfy some demonstrably incompetent fool's version of an ideal world.
www.clevelandfed.org they have been buying bonds just to maintain the balance sheet levels not add to it.
Yes and with QE 1 the telegraphed what they would do and it happen. Trash dollar markets go up. Why should I expect a headfake. Anyone can see the economy isn't improving unless you live on De Nile.
I am thinking, if 80-85% of S$P companies are beating earnings by a huge margin why do we need QE2, seems the only ones benefiting from it are huge corporations like the big banks and the rest of wallstreet.
its insanity to do more stimulus. as far as earnings they suck outside a few tech names. remember co's like intc and csx and jpm had there ests lowered huge in the past few months. The mkts added $2 trillion in wealth the past 7 weeks. theres no need for any stimulus
They need to keep ball rolling to keep their jobs, whatever happens in 10 years from now is not their main concern. High end politics is beyond the grasp of most on this planet, because of all the secrets surrounding longer term goals.