With regard to the link I put up I particularly like this bit. "...

With regard to the link I put up I particularly like this bit.

" QE or no QE, ZIRP lumbers on. They can talk about it all they want, but until they actually let interest rates normalize it’s just talk, simply more hot air spewing from the blathering bogus balloon blowers. The Fed can keep reflating the captured capital markets via zero cost funds to their preferred multinational banking institutions, they can keep encouraging the selling of naked digital shorts to contain the Gold market, and they can massage all the economic data they want. However, what they are utterly unable to conjure up out of thin air is legitimate, productive and sustainable economic growth at the ground level for the average American."

regards

snider