QE3: Brad DeLong vs Jim Grant

By Barry Ritholtz - June 16th, 2011, 2:17PM

DeLong vs. Grant: Is QE3 a Lifeboat or Torpedo?

With the U.S. economy showing signs of softness as the Fed’s second round of “quantitative easing” is set to expire, many are asking whether a third round of stimulus is in order. Berkeley’s Brad DeLong and Jim Grant, of Grant’s Interest Rate Observer, offer their differing takes on whether QE3 is a good idea.

Real Time Economics
6/16/2011 8:00:43 AM

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Category: Federal Reserve, Video.

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Macro Notes

Tired markets?/gasoline prices jump again
Peter Boockvar

Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...

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