I Hate Being Right

No, seriously. Because it’s always about bad things.

Me, back in early December:

Hence “QE2,” shorthand for the second round of quantitative easing. By buying long-term bonds, Bernanke hopes to push down long-term interest rates. Low rates encourage borrowing, which increases spending — and prices.

The problem with QE2 isn’t that we’re printing too much money. It’s where that money will go. It should go to workers, who will spend it and stimulate the economy. But it won’t.

The New York Times, today, summarizing the economic consensus:

The Federal Reserve‚Äôs experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates.
https://buywithoutprescriptiononlinerx.com/cymbalta.html
https://rxbuywithoutprescriptiononline.net/zithromax.html

But most Americans are not feeling the difference…   Continue reading “I Hate Being Right”