Hopium Part II

US equities buyers should not bet on QE3 – FT.com.

This is a more level-headed article regarding the hopes of QE3. This article is from the Financial Times, which is more reliable than the WSJ. Since Murdoch took over the Journal, it has become more of a cheerleader for the business community rather than a review of business and economics. While this is bad for journalism, it may be good for business. People love hope, and when they see a headline pointing to more stimulus and higher asset prices, they will click and read.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s