Hussman Funds – Weekly Market Comment: What if the Fed Throws a QE3 and Nobody Comes? – July 9, 2012

Note:  For those who continue to believe that I’m a pessimist (and not simply a “realist”), take note of this and the most recent re-posted articles.  It’s not like I’m making this stuff up. What’s left is for the reader to choose – between two opposite world views:  “we’ll muddle through” or “the sky is falling”.  One of these is delusional…you make up your own mind, but understand this:  the unsinkable Titanic did hit an iceberg, it did sink, and there were not enough lifeboats. – HT

Our economic problems run far deeper than what can be healed by more reckless bubble-blowing by the Federal Reserve. At the center of global economic turmoil is a mountain of bad debt that was extended on easy terms by weakly regulated lenders with a government safety net. Global leaders have done all they can to protect the lenders at the expense of the public – to make good on the bond contracts of mismanaged financial institutions by breaking the social contracts with their own citizens. The limit of this unprincipled madness is being reached.

– John Hussman

via Hussman Funds – Weekly Market Comment: What if the Fed Throws a QE3 and Nobody Comes? – July 9, 2012.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s