Monday, March 7, 2011

No Mas

Charles Biderman On How The Fed Continues To Rig The Market And Why There Will Be A QE 3...And 4 | zero hedge: "'In December of 2009 received a lot of ridicule for saying that the Fed is rigging the market which as everybody is well aware.' As for the 'sustainable economic recovery' i.e., what happens to Quantitative Easing: 'They probably will end for a while, we think there is going to be a QE3 and 4, or until the market says: 'No Mas - we are not going to believe this game the Fed is playing... The Fed is printing over $100 billion a month to buy other assets and pay bills, and economic growth is picking up at a $200 billion annual rate. This is very inefficient method of boosting the economy, and then how do we repay these trillions that have been created out of thing air in the future.'"