Ben Bernanke and his teenaged Wall Street media groupies like to claim that he saved the world with QE. But if QE was such a cureall why has the ‘recovery’ in Japan and Europe been so weak? The ECB printed money out the wazoo for a while and the BoJ is giving Japan, the US, and everybody else an all out BoJob. Yet only the US is rising.
The Fed and friends all pump cash into the same banks all around the world…
This post was published at Wall Street Examiner on November 26, 2014.
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