He also fought back against those who have railed at the supposed-inflation implications of a now-$4.5 trillion Fed balance sheet courtesy of three rounds of QE. He recalled thinking, “we were never concerned about [inflation]; that was just bad economics; inflation was never a risk and is not a risk now…inflation is non-existent and we’re adding 200,000 jobs a month to the economy. Four years later there’s not a sign of inflation. The dollar is strengthening. They’re saying, ‘Wait another five years, it’s going to happen.’ It’s not going to happen.“
-- Liz Ann Sonders, Schwab Investing Insights
No comments:
Post a Comment