Monday, December 2, 2013

Reuters Investment Outlook Summit

The recent Reuters Investment Outlook summit gave us lesser mortals a peek at the future of the West. "QE", low interest rates, low growth and low employment are all locked in for the present and beyond. The debate is not over whether it is a good idea or whether it is sustainable. The debate is over the belief of some that the easy money distortion is making the wrong people successful. These people have figured out who the "right people" and the "wrong people" are. And they think that a few smart guys in a room with a computer can control the factors that influence the economy.
Think of a calculating, well meaning man on the back of a tiger.

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