I try to read John P. Hussman’s (of Hussman Funds) articles at least once or twice a month. His article of this past week, entitled “The Recklessness of Quantitative Easing,” gives me a chunk which I’d award Quote of the Month. Heck, Quote of the Year, maybe.
Long-term economic prosperity is created by carefully allocating savings to productive investments that increase the output of goods and services that meet the needs of consumers, and whose production generates the income required to purchase that output. Everything else is bubble chasing.
The entire article is absolutely worth a read — if you’d like an economic point of view that runs counter to what we’re so often force-fed by CNBC and most financial outlets.
