from Investment Watch:
“They don’t have any logical ending, they just go back and forth and back and forth, and that’s the nature of a currency war.”
“So what do we know about tapering? Well, what we know is it fails. In other words, QE1 failed to do anything and they had to come back with QE2. The end of QE2 was a failure, they had to come back with QE3. Now that QE3 is over, they will fail again because nothing has fundamentally changed.”
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