Good morning. I recognize that regular readers of my meandering morning missive may very well roll their eyes over the idea of comparing the opening lines of the soliloquy in William Shakespeare's Hamlet to the current macro mess investors find themselves facing. Clearly the question of whether or not "to be" had a far deeper meaning in Hamlet - especially in the life of a young lover. However, if you are interested, give the first few lines a quick read through and tell me that if by substituting "QE" for the word "be," the lines don't have some meaning in today's...
OK, so I m not an economist, but I did take a college course a long time ago. There, I learned that inflation results from an increase in currency supply absent an increase in the supply of goods and services. Are we expecting the latter soon? Or, will the inflation stay away for the most part until after the election? Or, maybe I don't understand: that QE is something other than printing money. Or, what? I know that he stock market likes excess cash--it has to go somewhere. But won't there be a high price to be paid for this "QE" later?
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