Turd Ferguson on QE

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ltlredwagon's picture
ltlredwagon
Status: Bronze Member (Offline)
Joined: Nov 23 2008
Posts: 87
Turd Ferguson on QE

Here is Turd Ferguson's take today on QE ( http://tfmetalsreport.blogspot.com/ )

In 24 pt. caps on his site:

QE WILL NEVER END. IT CAN'T. THE FED IS NOW 70% OF THE TREASURY MARKET. IF THEY LEAVE, WHO WILL BUY? WITH NO BUYERS, HOW CAN THE U.S. GOVERNMENT RAISE THE FUNDS TO COVER IT'S $1,500,000,000,000 DEFICIT FOR THIS YEAR? WHERE WILL IT GET THE FUNDS TO COVER THE $1,500,000,000,000 DEFICIT FOR NEXT YEAR? AND DON'T TELL ME HOW RATES WILL RISE AND ATTRACT BUYERS. THAT'S COMPLETE B.S.!! RATES CAN'T GO UP. HIGHER RATES ONLY ACCELERATE THE DEATH OF THE PONZI! QE IS NOT ENDING. EVER!!

 

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
That sure makes it plain. 

That sure makes it plain.  I was wondering about all the speculation it would end, but the idiot politicians in DC have done nothing to help the Fed to be able to slow purchases.  The market is drying up.  The Tsunami started in Japan and will spread around the world.

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