#252: Mark Yusko on How we got to QE Infinity from the Fed
The Pomp Podcast
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The Fed's Dong What the Fed Has to Do a Full Stop
The fed is not allowed by law to buy stocks. The only buyers of stocks over the last three or four years have been bybacks. Most people don't really want a plan for the future, they want the nalugh at now. So that's where the fiscal omes in. We need a raft of bankruptcies to occur and cleanse the bad companies. That 17 trillion, with a t has to come out of stocks, a some bonds, but mostly stocks,. Out of four own cam plants and retirement plants. And other than mario gobelly, who took the picture yesterday on twitter buying green bananas, no one else does it.
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