John Taylor (Mr Hedge Fubd FX — not Mr. Hoover Institute Economist :))

The highlighted part is what I was getting at previously. The idea that QE does nothing is now reasonably well distributed. Those holding positions include a lot of managers who highly suspect QE does nothing. But they believe others who do believe QE is ‘inflationary money printing’ will keep driving prices. Same with austerity. The idea that it [...]