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

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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

    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

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

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