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Another Half a Trillion Dollars in Fed Stimulus Is on the Way Says Munson | Breakout - Yahoo! Finance
Another Half a Trillion Dollars in Fed Stimulus Is on the Way Says Munson | Breakout - Yahoo! Finance
[For] guys like me who've been really bullish on employment, the
numbers haven't worked out really well," says Lee Munson, founder of
Portfolio LLC and author of Rigged Money. "I'm starting to get a little
anxious, so the Fed is just what I need to accommodate my fears.
With hundreds of billions in stimulus having already been thrown at
the economy to no avail, Munson says the Fed is going to try more of
the same, only much, much bigger. "They've gotta double-up the dose from
last time," he says, comparing traders to steroid addicts. "That means $500 to $700 billion of our taxpayer money."
Half a trillion or more would make an amazing headline but would be unlikely to do anything tangible. Bernanke himself has been howling about the limitations of monetary efforts for years.
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