page-loading-spinner
Home Off the Cuff: QE Blues
Economy
Environment
OFF THE CUFF

Off the Cuff: QE Blues

user profile picture Adam Taggart Aug 03, 2012
5
placeholder image

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Dashed hopes
    • What to expect now that the Fed and ECB have disappointed?
  • Growing signs of weakness in the economy
    • A strong defense is critical at this point
  • The continuing drought
    • ​More pain from the lack of rain

Now that the Fed has disappointed AND the ECB (after this recording) followed suit, the markets are asking where's my fresh, cheap liquidity? While Chris and Mish don't think that further quantitative easing will have any sustained or constructive impact, they do expect it is still coming. But it seems that greater pain in the financial markets is needed before action takes place. Chris, in particular, now warns of an impending market downdraft — so a defensive position is highly advised.

I'm on the road today so will need to end the summary here. Hope everyone is enjoying the Olympics. It's nice to be reminded of what the pursuit of personal excellence looks like, especially in the less popular sports where the corruptible influence of big endorsements and potential professional mega-salaries is weakest.

The rest is exclusive content for members

Curious about what being a member offers? Sign up now for a risk-free trial and get a sneak peek into the premium content, features, and perks awaiting you on the other side.

Community

Top Comment

Chris and Mish, If you two are baffled then I can finally get a good night sleep.
Adam, regarding the Olympics and the lower teer events,...
Anonymous Author by rje
0
Image | Gold Newsletter

Gold Newsletter

Learn more