A Christmas wish list – “An End to Quantitative Easing”

All I want for Christmas….



A few of the many funny lines –

Chant the following:

…all of this open-ended fiscal stimulus

risk underpricing and rampant inflation

resulting in capital misallocation.


I’ll take the candy; you keep the Keynes.

Took a few times through before I caught the meaning of this line:

The year home run records were obliterated

That was the last time we saw bonds so inflated.

(Read it again with  capital “B.”  That’s a good one.)

And here is the 2012 Christmas hit, Deck the Halls with Macro Follies:


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