Apparently, I’m not the only one concerned about the Fed’s quantitative easing.
Yesterday, I wrote a piece: Quantitative easing. What is it good for? Absolutely nothing!
Today, we get similar sentiments from around the world:
- Backlash against Fed’s $600bn easing
- Brazil ready to retaliate for US move in ‘currency war’
- U.S. dollar printing is huge risk -China c.bank adviser
- Germany Concerned About US Stimulus Moves
Could this move turn out to be a modern-day Smoot-Hawley? For those of you who are too young to remember, the Smoot–Hawley Tariff Act was passed in 1930, raising tariffs, and being a major contributor to the Great Depression.