That money has to go somewhere.
The trillion dollar soap opera which is high finance twists and turns and spins and morphs. Allies today are enemies tomorrow, and then allies again the next day.
The Wall Street Journal got this right in an editorial today:
We now have the announcement that Ben Bernanke’s Fed will buy $45 billion a month in treasuries, QE4, until unemployment reaches 6.5% or his version of inflation exceeds 2.5%. What a surprise!
Marion, AL Chamber of Commerce – Speech on 1/19/2012
It’s an honor to be here with you tonight. And a pleasure.
The topic is: What’s Really Going on in the Economy? It’s an important topic. If we get the answer right, we will all make better business, investment, and personal financial decisions.
I would also like to preface my remarks by saying that economics is closely involved with politics. But I am not going to give you a Republican or Democrat version of events. I am not a partisan of either party and I’m not looking at things that way. If I say anything that offends anyone’s politics, let me apologize in advance. That’s not my intention.