Monday, July 1, 2013

QE becoming fashionable

I took this from an email which originated from Bloomberg: Pawnbrokers Thriving as Poorest Aussies Bear Brunt of Slow down

Well I think too many people never learned the lessons of booms and busts but what caught my notice is central bank money printing.

Thanks to the Fed nobody agonizes over the moral turpitude of printing money any more. We really need to think through and understand what this really mean in the days ahead. I am really uncomfortable with this.

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