After 6 Years of QE, and a $4.5 trillion balance sheet, a St. Louis Fed study finally admits that QE was a mistake. Well, it may have been a mistake for the 99% of the population, but for the super wealthy, it was a great way to steal other people’s wealth.
Gold to Go Up?
According to HSBC, the forth largest bank in the world, gold will be up 10% by the end of this year. This is because the Fed is expected to raise rates later this year. Really? With this economy? The only way the Fed is going to raise rates is if foreign investors, like China, start dumping U.S. Treasuries.
Analysts are praying that big stocks saves the day as the Nasdaq is a “dead man walking,” small-caps are weak, and more stocks are…
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