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  • lo_octane lo_octane Dec 18, 2012 11:39 AM Flag

    A trillion here, a trillion there.

    We don't need the CPI any more; we have the "Personal Consumption Expenditures" Index. And if that doesn't work, we'll come up with yet another index to under-report inflation.
    QE4 has had only a few days to work its magic, but since rates have been rising the last couple of days, that means that SOMEBODY sure is selling lots of bonds at the same time the Treasury is buying its 45 billion a month. But I'm sure Uncle Benny will get everything under control eventually (sarcasm alert).

 
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