Guest Post: Why Growth Is Dead
Submitted by Tyler Durden on 05/12/2011 14:29 -0400
* Ben Bernanke
* Borrowing Costs
* Consumer Prices
* Federal Reserve
* Greece
* Guest Post
* Las Vegas
* Lehman
* Quantitative Easing
* Reality
The end of the second round of quantitative easing (QE II) is going to be a complete disaster for the paper markets -- specifically commodities, stocks, and then finally bonds, in that order, with losses of 20% to 50% by the end of October. The only thing that will arrest the plunge will be QE III, although we should remain alert to the likelihood that it will be named something else in an attempt to obscure what it really is. Perhaps it will be known as the "Muni Asset Trust Term Liquidity Facility" or the "American Prime Purchase Program," but whatever it is called, it will involve hundreds of billions of thin-air dollars being printed and dumped into the financial system.
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http://www.zerohedge.com/article/guest-post-why-growth-dead
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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