Wednesday, October 27, 2010

Roubini: The Fed May Have to Pump and Pump

In Nouriel Roubini's Wednesday Note, he writes:
We also ponder the possibility that the Fed will have to extend the program and announce QE3 (and eventually even QE4).
Uh, I think I am putting Roubini in the "Let's inflate" camp.

I really like the data put out by Roubini Global Economics, but I shudder at the inflationary consequences of a QE3 and QE4, that Roubini seems to take so casually.

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