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“David Einhorn Explains How QE2 Will Affect The Average American…”

Posted by
December 8, 2010
in Blog

“Basically, the Fed just threw away $600 + billion because QE2 “will be counterproductive,” [David Einhorn] told Rose, according to Bloomberg.

“The goal of quantitative easing right now is to raise the inflation rate. If you do raise the price of clothing, it effectively lowers everybody’s standard of living and gives them less money to buy other things.”” Read more

“David Einhorn Explains How QE2 Will Affect The Average American In One Sentence” 
Courtney Comstock 
Business Insider, December 8, 2010

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