'I'm sorry for QE,' former Fed official says...

[tsptalk]

'I'm sorry for QE,' former Fed official says...


Former Federal Reserve official Andrew Huszar... "I believe that at the time, it was just one more tool that the Fed introduced to try to help the economy," he said. "My point, ultimately, is the idea that very quickly into QE, it started becoming obvious that it wasn't working in the way that it was supposed to."

 

[nnuut]

 

[Birchtree]

I'm glad for QE because it has helped me make some significant green - keep up the good work until Dumbo is out of office.

 

[MrJohnRoss]

Anyone with an ounce of common sense knew this all along, but it's about time someone spoke the truth.

 

[MrBowl]

I could've done a whole lot better since March of 2009. I shoulda just listend to Birch and strapped in and looked the other way. Oh well, I've done better and better each year at least, and there's still some room for profits.

There may never be another time like this in our lives. Once the printer is off and the overnight Fed Funds rate is back to normal levels I'm going to have to pay more attention to fundamentals and TA.