Friday, December 31, 2010

More anti QE press sentiment

Why I believe Congdon is on losing side of monetary easing argument

Liam Halligan is one of the Telegraph columnists. This is a piece of Professor Tim Congdon bashing. Long may it continue.

Posted by voiceofreason @ 04:26 PM (661 views)
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3 thoughts on “More anti QE press sentiment

  • “To say that QE isn’t money-printing is a distinction that would make even Bill Clinton blush.”

    It’s all hocus-pocus. I’m not impressed or fooled by the Wall St white shoe boyz, but you my long lost friend are welcome to be.

    Whatever tickles your fancy.

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  • It does make you wonder if a large amount of the QE is intended for abusive Bullion shorts, to keep attention away from the deliberate devaluation of fiat currencies and the economies they represent.

    See the evidence of regular abusive shorting by the JP Morgan Blythe’s crew, in concert with HSBC, to get around the visibility of the Commitment of Traders (COT) report, here (found via Zero Hedge):

    I suggest that anyone trading Bullion read his blog, so as not to get stung by these naked shorts, and to take advantage of their folly 🙂

    When the Bullion SHTF, you betcha this will affect house prices!

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  • He had me confused for a while writing about QE-created money being “leant on” or “leant against”. I think he means “lent on”.

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