Does it matter if the current Quantitative Easing is tapered?

Posted | 26/07/2013 / Views | 1616
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To wrap up the detail around last Friday’s news item, let’s look at QE (again).  Last Friday we made the point that there have been a number of QE’s before this latest QE3+(or QE Infinity) and each time they stopped the Dow Jones retracted, the economy faltered and they had to enter a new phase of money printing.  Whilst the Fed knows this is unsustainable and would lead to economic collapse if continued, they also know that they have both a market hooked on the stimulus and an inability to serve the very debt they have accumulated in doing it for so long.  It is quite simply a Ponzi scheme and you know how they end…  Long term for gold and silver it should be good either way.  Just buy on the lows and be prepared for a volatile ride for a little while longer.