Time for QE III, IV, V, and VI
Duncan Black:
Eschaton: WHEEEEEEEEEEEEEEEEEE: I wonder if any serious investor could actually explain what new information "the market" has which could explain why DJIA should be worth 11% less than it was 2 weeks ago. Down 3.3% today so far, which maybe we could explain on the S&P downgrade except for the fact that Treasury prices (yields) are way up (down).
Plus time to start minting $1 trillion in platinum coins.
When the financial market is desperate for safe assets and dumping risky assets, the proper job of a stabilizing government is to give the market the safe assets it wants to hold.
This isn't rocket science, people.
