Friday, December 10, 2010

QE2: It Is Both a Mistake and Criminal

So says Vitaliy Katsenelson of Investment Management Associates in this Tech Ticker interview with Aaron Trask.

As the interview reports:
"I think it's criminal," he tells Aaron in the accompanying clip. "They're forcing people that should not be taking risk to take risk." The fear is the Fed is repeating its past mistakes -- helping to build an asset bubble that will eventually burst with grave consequences.
It sounds like he understands that more malinvestment is on the way.

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