The Baltic Index has sold off 17% in the past 5 days, the VIX has spiked ,If QE loses effectiveness now and the plug is pulled, the economic consequences could...

James McKay

The Baltic Index has sold off 17% in the past 5 days, the VIX has spiked ,If QE loses effectiveness now and the plug is pulled, the economic consequences could be disastrous, because the Fed didn't force the President and Congress to adopt progrowth policies when it had the chance. At the same time, if the current course is maintained, the ultimate results are likely to be much worse.


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