The Data Mining Blog : Data Mining : Business Intelligence : Analytics : Marketing : Finance:

Quantitative Easing

Posted in Finance by Pankaj Gudimella on March 18, 2009

Finally the Fed pushed the much dreaded red button today.

Reminds me of the following words from Bill Fleckenstein:

America is now well down the path of trying to print its way to prosperity. Of course, the reason we are trying to print our way to prosperity is because initially, in the late 1990s, we tried to speculate our way to prosperity via the stock bubble. After that didn’t work, we attempted to borrow our way to prosperity during the real-estate bubble.

Those two bubbles ended in the epic disaster of today. Now the United States and other countries will attempt to print their way to prosperity, which also won’t work.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: