Friday, June 22, 2012

They are Saving QE for Another Major Crisis

“Operation Twist is just kicking the can down the road. The Fed felt it had to do something, but it’s getting so close to the election that I think they decided not to do QE at this time. The other thing is they are probably saving QE for another major crisis, whether it’s a bank failure, a derivative blowup or something of that nature."

- James Turk, via a recent King World News interview: