RITHOLTZ: 'Bernanke's QE As Far As The Eye Can See'

Ritholtz with Tom Keene earlier today.

'Cash is trash.  Bernanke's inflation call is nonsense.' 

Dec. 13 (Bloomberg) -- Barry Ritholtz discusses the Federal Reserve tying their interest-rate outlook to inflation and unemployment, Fed monetary policy, fiscal talks, and Barclays cutting 8,000 investment banking jobs.

Read more on Bernanke's decision at Bloomberg...

Comments

[Canuck]

Ritholtz apparently never read any Antale Fekete articles. Cash is and will be king, it'd digital dollars that are trash.

[LadyLiberty]

The Fed Has No Exit Strategy: John Mauldin

http://finance.yahoo.com/blogs/daily-ticker/fed-no-exit-strategy-john-mauldin-173255664.html

The Fed doesn't count what you need to live things like food, gas, heating fuel in the inflation rate it uses for QE anyway. The government only counts it for SS or federal pension increases so now they want to change that they figure if hamburger's too expensive you can change to dog food.

Chained CPI: Is Changing the Government Inflation Formula the Secret to a Deficit Deal?

http://swampland.time.com/2012/12/10/chained-cpi-is-changing-the-government-inflation-formula-the-secret-to-a-deficit-deal/

Is the Government Wrong About Inflation?

http://www.usnews.com/news/articles/2012/11/15/is-the-government-wrong-about-inflation

“Everyday” Prices Much Higher Than Official Inflation Rate

http://wesa.fm/2012/03/12/%E2%80%9Ceveryday%E2%80%9D-prices-much-higher-official-inflation-rate

Reporting changed

The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.

http://www.shadowstats.com/alternate_data/inflation-charts

Another hypocrite

Google boss: I'm very proud of our tax avoidance scheme

http://www.independent.co.uk/news/uk/home-news/google-boss-im-very-proud-of-our-tax-avoidance-scheme-8411974.html

Obama’s Google Supporters Moved 80% of Pre-Tax Profits into Bermuda Shell Company

http://frontpagemag.com/2012/dgreenfield/obamas-google-supporters-moved-80-of-pre-tax-profits-into-bermuda-shell-company/

Greg Hunter has a good post here

Climate of Fraud, Negligence, Incompetence and JP Morgan

http://usawatchdog.com/climate-of-fraud-negligence-incompetence-and-jp-morgan/