Madeline Schnapp – Why Bernanke Launched QE3 Now?
For those who have not yet discovered the delightfully intelligent Madeline Schnapp, Director of Macroeconomic Research (and we think the figurative indispensible “right arm” of Charles Biderman’s firm, Trim Tabs Research), the video just below is a good introduction to her valuable insights.
We won’t spoil the video by saying why. Not yet at least, but over the years we have found Ms. Schnapp’s work to be worthy of our time. She has a way of distilling the complex economic issues of our day down to their essence.
In this short video she reasons, we think correctly, why Fed Chairman Ben S. Bernanke decided to go full bore with “QE to infinity and beyond,” – the unlimited mortgage backed security (MBS) purchases just announced by the Fed.
Ms. Schnapp also lets us in on a bit of good news about the economy that very few realize, much less are discussing.
Source: Trim Tabs via YouTube