Here is how the big boys fight … Not with fist punches, but public jabs … This fight shows what a “Black Ice” investment landscape we are in !
Quantitative Easing (QE 1,2,3) AKA Federal Reserve Purchases of Government and Mortgage Backed bonds to lower interest rates, has been a lightening rod since introduced. We agreed with QE 1 and maybe QE 2, but not QE 3 ….
Nobel Laureate and Famed Hedge Fund Manager take the gloves off
Cliff Asness: Famed Hedge Fund founder of AQR Capital:
….Responding to Krugman is as productive as smacking a skunk with a tennis racket. But, sometimes, like many unpleasant tasks, it’s necessary. I will, at least partially, make that error here ….
His recent column in the NY Times:
…..Clearly, Asness has never read anything at all on the subject — not what I’ve written, not what Mike Woodford has written, not what Ben Bernanke has written …..
… if you’re one of those people who don’t have time to understand the monetary debate, I have a simple piece of advice: Don’t lecture the chairman of the Fed on monetary policy.
Sounds like fighting words to me … Guys … Let’s be orderly and nice!
This continued “Strong Federal Reserve” hand (buying assets to lower interest rates), and now more importantly the exit, has even the big boys sparring over the outcome … and a “Black Ice” investment landscape
Have a Friendly and “Nice“ Monday !
John A. Kvale CFA, CFPhttp://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225