Applaud the End of Quantitative Easing
Stocks got a case of the jitters on Wednesday because some people didn't like what was in the minutes of the January Fed meeting? Really? That sounds crazy, but that's what I'm hearing. Investors dumped shares when it was discovered that several more Federal Open Market Committee (FOMC) members voiced concern over quantitative easing, believing that it would lead to rising inflation. That's all it took for the market to believe the whole thing was about to end.
For those who understand monetary operations it is a silly reason to be concerned. And for the Fed committee members who still believe that QE or other monetary operations cause inflation, please resign because if you don't understand the operational realities of QE by now, then you're never going to understand....405 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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