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QE Reaches Limit; Fall Will Be Harder

Chris from Kalifornia Wrote: Nov 10, 2012 9:02 AM
Democrats have gone full socialist. Republicans appear to be democrat lite. Here's a real alternative third party which I hope will become the second party soon.

Via email, the chief economist for Saxo Bank in Denmark, Steen Jakobsen, discusses the "Saturation Point" for QE and the "Fiscal Cliff" in the US.

Steen writes ...

Fiscal Cliff Comparisons

  • A lot of people are starting to compare 2012 with 1987. Yes, it's scary.
  • Other people compare the fiscal cliff to 1937 Roosevelt where stock market tanked 50%.
  • Few people seems to realize that part of the "fiscal cliff" involved higher taxes on financial transactions, meaning...