Still Printing Money at Full Speed... Bill Fleckenstein ponders what happens if the printing presses stop rolling?... "We will soon see how far the Fed can go in its attempts to stop its quantitative easing, which has meant buying Treasurys and other assets to put money directly into the economy... At some point, the consequences of money printing run amok will be forced upon us, and they will be painful. It will happen when the world funding crisis now playing out elsewhere eventually hits our shores. Quite likely, the United Kingdom will be the next to be taken to school... Money printing plus imagination are potent forces that can't solve our problems"... http://articles.moneycentral.msn.com/Investing/currency/still-printing-money-at-full-speed.aspx (4*)
Thursday, March 18, 2010
Still Printing Money at Full Speed... Bill Fleckenstein ponders what happens if the printing presses stop rolling?... "We will soon see how far the Fed can go in its attempts to stop its quantitative easing, which has meant buying Treasurys and other assets to put money directly into the economy... At some point, the consequences of money printing run amok will be forced upon us, and they will be painful. It will happen when the world funding crisis now playing out elsewhere eventually hits our shores. Quite likely, the United Kingdom will be the next to be taken to school... Money printing plus imagination are potent forces that can't solve our problems"... http://articles.moneycentral.msn.com/Investing/currency/still-printing-money-at-full-speed.aspx (4*)
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