5th November 2010
Bob Zenith comments: "Here in the States, we are far too absorbed with Dancing With the Stars and American Idol to pay attention to what is going on. Mr. Bernokio's money-printing will not create a single job. All it will do is force commodity prices higher. This will act as a horrendous tax on already over-stretched American consumers, while hundreds of billions of dollars are transferred to Wall Street and its minions. If we Americans actually paid attention, Mr. Bernokio would be tried for treason, convicted, and hanged."
EdWoodstock says: "Isn't there an argument(by seemingly smart people) that QE is actually deflationary – something to do with disappearing debt due to bankruptcy at various levels, and as a result, a shrinking money supply? It's all very confusing."
mheischmann thinks: "Global Currency! look at what a monumental screw up a regional one (EUR) has been, and multiply that by 100 times.Only if you're planning World War 3 might this be remotely sensible"
Halo572 comments: "Good luck to them. If I had just spent 2 years worrying about how I was going to keep my job if the asset bubbles all popped I would be partying knowing that another $600bn was heading my way to keep them inflated. I raise a glass to the £1.30 a litre petrol that should be here for the 4th January for the rest of us to enjoy. Good times, nah, the best of times."
MarcusJuniusBrutus says: "House prices have gone up much more than wages. Its an asset bubble. Restricted lending will force the bubble to deflate. We will have some pain. But a lot lot less than if the bubble just went BANG"