Tuesday, November 26, 2013

Political consequences of stopping QE

 We had Mr. Volcker who came in, was told “stop the madness” back in the 1970s and he did. 

Well, Jimmy Carter got thrown out, because he was who had told him to do that, because the pain was so bad. 

Reagan of course thought it was wonderful, that pain was taking place because that got him elected. And it was help to clean up the problems. 

That’s what happens, you cause the pain and they throw you out.

Jim Rogers

Warren Buffett

Nouriel Roubini