Moral: Wherein we look at opinions on Ben's largess and at whether he needs to unwind.
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We, the savers, asked Ben to unwind long time (Aug 2009) ago.
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Today, there was discussion of this on several sides.
- John Taylor (WSJ - temp link at yahoo) writes about issues of the coming unwinding (when is anyone's guess)
- Miles Kimball (supplysideliberal.com) responds to several points. Note that his #2 considers the impact on the savers of the low interest rate.
- zerohedge.com has a more technical view.
- Slate weighs in.
- Huffington says that Ben's open spigot is one of the 7.5 things to know today.
What's the right view? That depends, but it's worth looking at.
Remarks:
02/11/2015 -- Wikipedia: Zero interest rate policy.
07/31/2013 -- Ben cannot unwind or taper down; he has too many Doves.
04/10/2013 -- Soar, DOW, soar.
03/29/2013 -- Ben has taken a big chunk out of the Savings Bond payback.
02/26/2013 -- What? Ben doesn't have any influence with his put?
02/12/2013 -- We ought to have nationalized these guys' playground.
02/11/2015 -- Wikipedia: Zero interest rate policy.
07/31/2013 -- Ben cannot unwind or taper down; he has too many Doves.
04/10/2013 -- Soar, DOW, soar.
03/29/2013 -- Ben has taken a big chunk out of the Savings Bond payback.
02/26/2013 -- What? Ben doesn't have any influence with his put?
02/12/2013 -- We ought to have nationalized these guys' playground.
Modified: 02/11/2015
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