Absolute Partners November 2013 Euthanasia of the economy?

QE has had two noticeable and positive effects. It has saved the world from a financial meltdown not once, but twice, and it has had an overwhelmingly positive impact on asset prices, so in that respect QE has been a success. However, there are growing signs that QE may be beginning to impair economic growth and it may even cause dis-inflation, precisely the opposite of what was widely expected. For these reasons we believe it is time to call it quits and begin to tackle the root problem – a banking industry still suffocating from bad loans.

Enjoy the read.

http://www.arpinvestments.com/The_Absolute_Return_Letter_1113.pdf

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