DeLong vs. Grant: Is QE3 a lifeboat or torpedo?

By Prieur du Plessis, on June 18th, 2011 posted in: Economy, US 2 people had their say - chime in!

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With the U.S. economy showing signs of softness as the Fed’s second round of quantitative easing is set to expire, many are asking whether a third round of stimulus is in order. Berkeley’s Brad DeLong and Jim Grant, of Grant’s Interest Rate Observer, offer their differing takes on whether QE3 is a good idea.

Source: The Wall Street Journal, June 16, 2011.

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2 comments to DeLong vs. Grant: Is QE3 a lifeboat or torpedo?

• boatman

  June 18, 2011 at 1:17 pm

  both….a kick the can down the road temporary lifeboat with a rotten bottom.

  the day before its announced(hinted at) will be a year DOW low and summer gold low.

  not much of a DOW bounce this time…..diminishing returns?

  extend n pretend ’til the next bigbadabust…..pick your gray swan.

• Bill Spangler

  June 18, 2011 at 4:03 pm

  Jim Grant again hits nail on the head. Very good presentation. Thanks for having these two on “postcards”…..!!

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