Wednesday, Feb 24, 2010
Double dip is coming...
Times: Time to crank up QE
This recovery thing is doing well don't you think?
Posted by chrisch @ 10:25 AM (618 views) Add Comment
5 Comments
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1. paul said...
Yes, with inflation the highest in the EU and the fastest rise on record ever, the mettle must be grasped on tackling the deflationary threat.
2. matt_the_hat said...
Deflation is never an issue when you can generate free money (don't even have to print the stuff anymore) - the cat is out of the bag QE is here to stay.
3. Chrisvow said...
Helene Johnstone comments that the QE cash is supposed to be borrowed (by us to buy stuff) but none of want to know anymore thank you. I think the fractional reserve cat is either out of the bag or used up all of its lives.
4. freemanphil said...
Hence Monsieur Trichet's piece of pure Greenspanese in a speech on Friday: "Note that an exit strategy is not identical to a particular course of action. Rather, it lays out a framework and set of principles to govern actions in the face of circumstances in whatever form they take."
Got that? Feeling queasy...?
They are hooked on inflation and hell bent on turning us into a third world slave state. Get gold so that you can jump in and buy productive assets after the deflationary collapse.
5. freemanphil said...
Also, Jörg Guido Hülsmann "Deflation is Liberty"
"This monograph addresses a critically important issue: the prevailing view that deflation is a catastrophe that must be stopped. Read by Dr. Floy Lilley. [1:10:44]"