Barron: “There is no rationality here. As Bernanke said, the economy is not robust enough to take away the punchbowl. If the QE is ever significantly tapered or ended that will immediately cause a stock market crash and wreak havoc as it reverberates around the world.
This would also have the effect of decimating the global economy.”
“But the reality here is this has been a disaster for Bernanke and the Fed. Whoever is coming in to lead the Fed has a major problem on their hands, and they will probably be forced to increase QE at some point. But it’s not just in the US, It seems like all around the world the politicians are just kicking the can down the road and engaging in policies that are going to prove to be highly inflationary before this is over.”
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