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#11
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![]() Wait A Second.
Wait a second, QE2 was supposed to lower rates....but but but now rates have spiked more than half a point in 3 weeks, blowing up mortgage locks and refis and higher rates implies lower house prices...there is zero recovery going on and nothing but margin pressures for every business. Wait a second, there is no free lunch....we can't print our way into prosperity....we will have to eat this depression after all....but I believed in unicorns and free money....wait, our lenders are balking at our debasing the currency....but don't they understand how important we are....wait there are countries in Europe who are literally coming apart at the seams still hastening a bailout of Ireland today....but I thought that that was put to rest in May in Greece...Figures that dickhead smooth prostate operator would be booted before he realized their is no free lunch....Keep thinking Ben will save you. Everything he does makes it worse and the reckoning will be worse. |