The Fed Without Options Launched QE III In A Moment Of PANIC And Market Is About To PANIC Again!
October 22nd, 2012
Is the Fed in Control? If So, Control of What?
Three Things Fed Desperate to Accomplish
The Fed has failed at all three. Arguably, credit has risen, but nearly all of the rise is student loans, making debt slaves out of kids in the process, something the Fed certainly does not want to accomplish.
How Can The Fed Be In Control When …
How can the Fed be in control when it cannot spur jobs, it cannot spur housing, it cannot spur credit, it remains puzzled over numerous things, and in fact launched QE III in a moment of Panic!
To be sure the Fed has taken credit for the surging stock market.
However, in terms of the Fed’s real goals, this is like attempting to cure lung cancer and failing, but by happenstance removing a wart from a big toe and declaring success.
The Fed is not in control, it is only an illusion. One other person commented on this recently.
Please consider the Hoisington Third Quarter 2012 Review by Lacy Hunt. The article discusses QE1, QE2, QE3, demand curves, commodities, and numerous other ideas in a six-page PDF. The article is well worth a read in entirety, but here are a few key snips …