Yahoo Breakout: Forget QE3, No Amount of Fed Stimulus Will Help Economy: Hedge Fund Manager

1. Obama has the upper hand in the game of chicken
2. Allows him to position himself as more responsible
3. Bernanke problem is growth, doesn't need more headwinds
4. Debt needs to come down before demand can resume, government is the only one spending
5. No amount of monetary easing will work, money isn't going anywhere
6. Fed could do it again, if things get ugly
7. Not a whole lot the Fed can do now, can't fix balance sheet for individual households
8. global story is good except Europe, just a soft patch now, need a trader mindset