How many years the economy is going to be in life support???
Will only change if POTUS takes Timothy Franz Geithner's advice and nominated a new Fed Chair who will end this QEBS program ! Donald Kohn might work ?
They are to afraid that the QE might be recognized as a Ponzi Scheme !
No doubt that it is a Ponzi scheme, if no more than that.
Better to have a real recession than an artificial recovery.
Define recovery. If a recovery involves printing $20 trillion from thin air and going in to debt to the tune of over $1 trillion a year just at the Federal level, I'd hate to see what a recession looks like!
Better to have a real recession than an artificial recovery.""
Now that was a pearl that went almost unnoticed.