Lance Roberts: Did the Fed Overreact to a “Natural Disaster”?
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"... the Powers That Be have been working on this for well nearly a decade."
"And it only took a little more than one year to do it."
"Establishing a just and equitable distribution of mutually raised funds to bail out private sectors across borders will be politically almost impossible."
"Should the United States lose its status as the global hegemon, bipartisan fiscal profligacy must surely take a major part of the blame."
"...it is not the task of a central bank to deal with insolvencies."
"...fiscal profligacy has been marked by extraordinary levels of bipartisan collegiality."
"Bear markets END when things simply can’t “get any worse.”"
"An event that has a 1% chance of occurring but would cause a massive loss of wealth should not be ignored."
"...almost 60% of Americans are so financially strapped that they don’t have even $500 in savings and nothing whatsoever put away for retirement, and yet they are being forced to pay for government programs that do little to enhance or advance their lives."
"The budget projects a $4.6 trillion reduction in the nation’s $23 trillion national debt but rolls back the timetable for eliminating the deficit from eight years to fifteen."
“Global debt — both public and private — has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.