Fed Announces They Will be Printing Up Another $400 Billion

September 21st, 2011

Don’t call it QE3…create a euphemism on your own…no matter what you call it, the real title is “printing money out of thin air”.

Ron Florance seems to get it, kinda.

“The twist is like a popsicle when you have a sore throat — it makes you feel good but it doesn’t address the underlying disease, and the disease is confidence, not that liquidity is too expensive…The Fed has been as accommodative as it can, and now it’s the other side of the balance sheet that needs to make a longer-term prudent fiscal policy…The super-committee on the budget is really the one that people are waiting for now.”

The DJIA suffered after the announcement and gold also took a trip down south. Here we go again…


Posted by: