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Even Rupert Murdoch reckons that the QE is only pumping up...

  1. 40,617 Posts.
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    Even Rupert Murdoch reckons that the QE is only pumping up certain asset bases that has nothing to do with the actual growth in the economy needs. Wall st employees are sharing all this "wealth" while the common employee are not having a wage inflation in 5 years. The NFP is also a misleading figure in the way it defines unemployed.

    Looks like the QE * 3 is only a stop gap measure to avoid the total collapse of the US asset bases and a break down of society. They are not solving the crisis of the growth engine. If you view it from the stockmarket perspective then we are back to the pre-GFC boom days. Are we?

    You are saying create more debt to get out of the crisis. Not working at the moment.
 
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