Monday, December 30, 2013

Help the average person, to help the economy

Bob Janjuah on why he thinks that the Fed strategy for money printing was not really the best way to boost the economy. On a recent interview on CNBC market review, he says 
"If you give people whose average net worth is $50 million another $1 million, they're not going to spend it. But if you give someone whose net worth is zero $5,000, they'll tend to spend it."

Thursday, December 26, 2013

Wealth gap still growing

I think these policies [money printing] aren't achieving the success in the real economy that they were meant to achieve.

What you've seen is that (the wealth) gap has got bigger and bigger and bigger during the six years that we've had a Democrat president.

Wednesday, December 11, 2013

Spending power not distributed equally

We've ended up with an enormous skew in the distribution of wealth and therefore spending power.

The big problem is this: If you give people whose average net worth is $50 million another million dollars, they're not going to spend it. But if you give someone whose net worth is zero or $5000, they'll tend to spend all of it



Monday, December 9, 2013

What QE has done is......

What quantitative easing has done, aside from QE 1, is benefited the owners of capital. We've seen that through stock markets, through the payment of dividends, and through those people that can take leverage at the Fed window.