Beyond QE3?

Jim Rickards:

It’s too soon to completely underestimate and understand the impact of something like  this [Libya, Japan].  World growth is struggling, given the debt overhang, given the unemployment situation, given the excess capacity and all the problems in the world economy, even a small shock is enough to cause a default back to earth.

QE3?  Range of views:

#  No time soon.  Baby boomers need to have this market rise, at all costs, in order to retire. Once they see that without his help the thing comes down, they will accept the poison.

Again, few pundits are dealing with the concept of “malice” in the market, only with incompetence.

#  Has anyone tried to guesstimate how long the government can survive without QE3? One month, two months, maybe three??

What’s waiting in the wings?  SDRs.  Is anyone seriously not factoring that in?  What follows SDRs?

3 comments for “Beyond QE3?

  1. Patrick Harris
    April 23, 2011 at 14:55

    Absolute dependence on the “government” and they won’t have to vie for your vote because elections are a thing of the past.

  2. April 23, 2011 at 19:14

    It’s so effing obvious, is it not?

  3. Liz/north yorks
    April 24, 2011 at 09:16

    James..Just dicovered this site and really like it!
    Have you been following the Max Keiser ‘Buy Silver’ campaign..He seems to be stirring the imagination of many right now What do you think about his idea that JP Morgan can be bankrupted by sustained purchasing by the public of physical silver?Something to do with their naked short selling of ‘paper’ silver which they just can’t possibly cover anymore

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