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David Einhorn Discusses the Implications of the Actions of the Federal Reserve
Posted by: Canadian Value (IP Logged)
Date: April 12, 2013 09:51AM
The following is David Einhorn's introduction to an article that he wrote for the Huffington Post several months ago with respect to the policies of Ben Bernanke and the Federal Reserve:
A Jelly Donut is a yummy mid-afternoon energy boost.
Two Jelly Donuts are an indulgent breakfast.
Three Jelly Donuts may induce a tummy ache.
Six Jelly Donuts -- that's an eating disorder.
Twelve Jelly Donuts is fraternity pledge hazing.
My point is that you can have too much of a good thing and overdoses are destructive. Chairman Bernanke is presently force-feeding us what seems like the 36th Jelly Donut of easy money and wondering why it isn't giving us energy or making us feel better. Instead of a robust recovery, the economy continues to be sluggish. Last year, when asked why his measures weren't working, he suggested it was "bad luck."
Einhorn goes on to suggest that this easy money policy is causing him to do the following with his investment portfolio:
In the video below Einhorn sits down for a lengthy discussion on the Fed's policies and investing:
Guru Discussed: David Einhorn: Current Portfolio, Stock Picks
Stocks Discussed: SPY, DJI, QQQ,