Thursday, August 22, 2013

Bianco – Fed Doesn’t Know What to Do

Bianco Jim plant in backgroundCNBC’s Rick Santelli talks briefly with Jim Bianco of Bianco Research on the Fed’s predicament of how to exit quantitative easing without tanking the U.S. and potentially the global equities markets. 

Santelli and Bianco’s discussion begins: 

Rick Santelli:  “Why do you think they (the Fed) don’t want to taper?”


Jim Bianco:  “The Fed doesn’t know what to do. The policies are distorting the markets.  It’s not helping the economy.  They want out. They want out without hurting the markets.  But they can’t figure out how to do it, so they’re stuck.” 


View the entire segment, which we deem worthy of sharing, below. 

Source:  CNBC
http://video.cnbc.com/gallery/?play=1&video=3000191602  


Comments



The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter


Contact Us