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Mark Fisher Slams Bernanke: "QE Is Going To End Bad...This Is Going To Be The Bubble Of All Bubbles"

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November 10, 2010 – Comments (3)

Zerohedge has the post and find here:

http://www.zerohedge.com/article/mark-fisher-slams-bernanke-qe-going-end-badthis-going-be-bubble-all-bubbles

Today's must watch clip comes from Mark Fisher. Key highlights: "QE2 can't end right. Worthless paper after endless paper.... What's good for the equity markets is not necessarily good for the economy. The equity markets are not going to create jobs. If you have a paper bag full of money are you going to go out and hire workers and take risk with healthcare and all these other regulatory restrictions? No, you are going to go ahead and buy high yield, you will buy equities, you will buy risk assets. The fallacy in the whole thing is that you are not going to go ahead and create jobs just by pushing up the market by 20%, 15%. In fact, to some degree by pushing up commodity price to levels that are going to be obscene, which is what is going to happen, you are hurting everybody in mainstream America... If you have all this money coming into the system, and this money stays in the equity and commodity markets, when at some point you take this money out of the system, where is this money going to come out of? Parabolic moves have Parabolic corrections. This is going to end bad. It is not a matter of if, just a matter of when. This is going to be the ultimate bubble, this is going to make 2000 look like a cakewalk. This is going to be the bubble of all bubbles."

This video has to go viral.












3 Comments – Post Your Own

#1) On November 10, 2010 at 5:51 AM, abitare (31.77) wrote:












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#2) On November 10, 2010 at 7:09 AM, XMFSinchiruna (27.35) wrote:

Thanks for posting. I missed the interview, but heard them referencing it with damage-control apologetics later in the day.

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#3) On November 10, 2010 at 9:58 AM, booexposed (< 20) wrote:

CEO of Bank Of Ozarks Dumps 133k's Shares..

Geroge Gleason CEO was a partner in the "Rose Law Firm" with Hillary Clinton and Vince Foster (dead) and certainly has inside connnections.

http://www.gurufocus.com/news.php?id=113159

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