Sunday, February 12, 2012

imagine enough QE could actually bring a fast recovery...

lets assume the big boys would love a fast recovery ..on their terms
 isn't QE on their terms ?

if so why not do it ??

  okay we know why fiscal macro must remain shackled like
 the monster in the burgermeisters court room

kalecki explained that ..prophetically
back in the early 40's

but the fed is "their " lever  not the people's lever

either
( 1)  they believe  QE  wouldn't work
or
(2 ) they don't want a fast  recovery ...no matter by what means
which is of course my contention

but could it be  reason   (1 ) ???

if  it is (1)
then the bastards believe in the liquidity trap
and are caught between a rock and a hard place

 an ineffective FED and an  un-useable FISC