Of course, there will be a combox dissent, but the chart is clear, and it ain't "speculation."
HT: Ticker
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
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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