"The only thing that saves us from bureaucracy is its inefficiency."
– Eugene McCarthy
We foolishly find ourselves asking: when will Federal Reserve quantitative easing reach its limit?
Considering the consequent boost to risk appetite that flows from QE, enriching those who hold financial assets while doing little for those holding welding torches and spatulas, we are happy to tell you that the Fed has plenty of room to maneuver the printing presses still.
And if you’re wondering just how much credit they can pump into banks or how much government debt they can buy up in order to keep the Keynesian desperados operating, it’s at least 26% more of total government debt – that would take them to even with the ECB efforts that have to this point “succeeded” in suppressing severe risks:
05 March 2014 ~ Michael Campbell's Commentary Service
Ed: As part of the expansion and re-launch of Michael's Inside Edge market commentary service we are pleased to...
On Real Estate
Over the past 3 or 4 years I have watched with keen interest (and participated) in the ups and downs of the American and Canadian real-estate markets. Recently published stats have fueled a bit of media frenzy which has become an interesting study in conflicting market noise.
Most of us think short term, smoke when we know it’s bad for us, eat junk food when we know we shouldn’t and make short term decisions on investing when we know there are long-term trends that are undeniable.