Thursday, October 14, 2010

James Grant, On Quantitative Easing(QE)

James Grant interview on Bloomberg:

James Grant. PhD is one of notorious bears in The Wall Street, He even keeps a stuffed bear in his office! I'm not kidding, he really does.
Despite his extreme bearish opinion but he has a point; QE2 is not going to work, Bernanke policy is going to hurt our economy on the long run. As I discussed in my previous articles Japan has been doing QE over decade. It didn't work for them, it won't work for us either. Bernanke is delusional, he thinks we can inflate our way out this problems. I hope I see a day that Bernanke, Henry Paulson and Geithner are charged on mishandling the economy and corruption.