Even Former Fed Chairman Alan Greenspan Says QE Failed, Gold is Good Place to Put Money
- By : JanssenReportHost
- Category : Global Economy
Today on The Janssen Report (#84): even Alan Greenspan admitted that the easy money policy of the Federal Reserve failed to help the economy recover. He stated that unwinding the Fed’s balance sheet will be troublesome and that gold is actually a good place to put money these days. He expects inflation to go up and the gold price to rise.
The Federal Reserve is now supposedly stopping its QE program while the ECB is just getting started with their asset purchases. Many believe, now including Greenspan, the end of QE3 is going to be troublesome for the economy. When it was in place, all it did was create phony growth with inflation in the asset markets. The end of Quantitative Easing will probably lead to a quick unwinding of these bubbles. Therefore I believe they will come up with new policies to somehow “keep the party going”.
Watch this episode of The Janssen Report here:
It will be interesting to see how this is going to play out!
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Cheers!
Marco Janssen
