- Obama has the upper hand in the game of chicken
- Allows him to position himself as more responsible
- Bernanke problem is growth, doesn't need more headwinds
- Debt needs to come down before demand can resume, government is the only one spending
- No amount of monetary easing will work, money isn't going anywhere
- Fed could do it again, if things get ugly
- Not a whole lot the Fed can do now, can't fix balance sheet for individual households
- global story is good except Europe, just a soft patch now, need a trader mindset
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
Thursday, July 14, 2011
Yahoo Breakout: Forget QE3, No Amount of Fed Stimulus Will Help Economy: Hedge Fund Manager
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