Quantitative Easing and the Iron Law of Equilibrium

2 posts


Hussman's weekly market comment is my favourite 'must read' on Economics every week. Does Guenon come back to write his headlines? This week's installment:

Q. Under what conditions would you want to manipulate the price of everything upwards, and simultaneously short the future prospects of the race?

A. If you were planning on cashing out. Only enemies of your race would do this deliberately.

When it comes to the financial community, foolishness is overrated. Gentlemen, there is your smoking gun. What more evidence do you need that your harm is intended?

Commentary as well at Mish's Global Economic Analysis :

To answer your question, elected representatives. Long live Kings or Natural Elites!