“This Feels A Lot Like 1999″ Beware “The QE Bubble”

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Precious Metals, Silver

It appears few remember the epic failure of Japan’s first experiment with quantitative easing from 2001 to 2006 (that even the NY Fed can’t find a silver lining to crow about) and yet, not only is QE heralded as a success (or not) but additional QE seems to be something to celebrate (even when it’s shown to fail to achieve anything economically).
How’s QE working out for Japan?

As Michael Chadwick notes in this oddly bearish interview on CNBC, where has Japan gone in the last 14 years (since its QE started), “absolutely nowhere,” and yet, he exclaims, “sadly, across the globe all central banks are following the same failed path.” Chadwick reflects on the explosion of central bank balance sheets and asks, rhetorically, “do we really need QE every time the market gets nervous?”

This post was published at Zero Hedge on on 11/01/2014.