Such an announcement has been part of QE either from MSM or some Fed
board member since it began. The implication of stopping QE is so dire
to the economy that it is in a practical sense impossible. When gold was
being sold by central banks during the 1970s market announcements were
made constantly with the bias to depress metals.
There is no way that the implications and consequences of what has been done up to now can be talked or manipulated away. There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system. Just go back to the IMF report on OTC derivatives I posted this morning. If QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode.
Read more: http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/
There is no way that the implications and consequences of what has been done up to now can be talked or manipulated away. There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system. Just go back to the IMF report on OTC derivatives I posted this morning. If QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode.
Read more: http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/
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