<< <i>Warren Buffett interviewed on CNBC this afternoon. He said keeping interest rates low is "incredibly important" in keeping equity valuations up. He was quite honest, QE and ZIRP must continue if we are to maintain current equity valuations; that is unless we experience real, consistent growth in the economy. >>
Maintaining current equity valuations via QE and ZIRP is not a fix, it's a band aid that primarily benefits those that don't need financial help. When it falls off things will be much worse than taking the pain now as we should have done in 2009. Best thing for the long term financial health of the US economy is to rip the band aid off, everyone say "ouch," and let the festered wound heal more quickly. The longer the snowball gets pushed up the hill, the bigger it will become and the more damage it will create on the way down. Economic policy is not fixing the economy, it is postponing the mounting pain that will resullt from all of the economic meddling. >>
With stupid decision after stupid decision it seems to me like they want the US to fail. Its financial te**orism ( /wave to the NSA)
<< <i>Yeah, that's the professional way to deal with it, block me from private messages. >>
I've raised two kids, think I'll quit while I'm ahead.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"In the end, it's the government that will shut the economy down. But the one thing they will never shut down is the printing press. Now that is really bullish for gold."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
<< <i>
<< <i>Warren Buffett interviewed on CNBC this afternoon. He said keeping interest rates low is "incredibly important" in keeping equity valuations up. He was quite honest, QE and ZIRP must continue if we are to maintain current equity valuations; that is unless we experience real, consistent growth in the economy. >>
Maintaining current equity valuations via QE and ZIRP is not a fix, it's a band aid that primarily benefits those that don't need financial help. When it falls off things will be much worse than taking the pain now as we should have done in 2009. Best thing for the long term financial health of the US economy is to rip the band aid off, everyone say "ouch," and let the festered wound heal more quickly. The longer the snowball gets pushed up the hill, the bigger it will become and the more damage it will create on the way down. Economic policy is not fixing the economy, it is postponing the mounting pain that will resullt from all of the economic meddling. >>
With stupid decision after stupid decision it seems to me like they want the US to fail. Its financial te**orism ( /wave to the NSA)
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Duie, Cheatem & Howe
Financial Advisors
<< <i>Yeah, that's the professional way to deal with it, block me from private messages. >>
I've raised two kids, think I'll quit while I'm ahead.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"In the end, it's the government that will shut the economy down. But the one thing they will never shut down is the printing press. Now that is really bullish for gold."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Shut 'er down.