Of course, there will be a combox dissent, but the chart is clear, and it ain't "speculation."
HT: Ticker
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3 comments:
I'm still not sure how ticker can make it through his daily rants about oil prices without mentioning geopolitical turmoil. What's he going to say when things calm down over there and oil comes off $20? I'm sure he'll think of something.
BTW. Higher equity prices were intended to be a result of QE. Move capital from safer to riskier assets. Modest inflation helps in this regard too. This should be considered a success of the program
Success - sure Strupp. As long as you consider folks having to cut back on stuff even further to be able to heat the house, drive to work (if lucky enough to have a job) and feed the family.
Interesting definition of success you have there.
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