The Federal Reserve Bank of New York has been bailing out the repo market with multi-billion dollar programs every week, says the Keiser Report, which asks if it’s the fourth round of quantitative easing (QE).
Max Keiser talks to award winning filmmaker, broadcaster, and strategist Ross Ashcroft, who says it’s not QE but more like QE infinity. “It’s like Pringles, once you pop, you can’t stop,” says Ashcroft.
According to Ashcroft, who is the host of the weekly program Renegade, it is the classic liquidity trap. He says the money is stagnating while really bad ideas are being funded.