Thirteen months ago in a Currency Currents I wrote a long piece titled, “Ben Bernanke – The Shadow Dancer.” I explained why QE3 would fail. If we look at the numbers globally since the advent of central bank QE over the past five years, we can see just how dramatically it failed.
Editor Note: Many stats in this issue come via Leto Research (not referenced in the piece). Thank you.
Please feel free to forward Currency Currents to your friends and colleagues. We are always looking for smart new readers. Thank you. Jack
