Jan 22, 2015
Gordon T. Long joined us today. In our last discussion, we talked about the continued decline in credit quality across the nation and the world. Now Gordon has uncovered a new wrinkle in student loan debt. Much of it is being deferred or forebearanced under various government programs, all under the radar screen. We also discussed the reason that QE failed in the US, Japan and elsewhere, and why it will fail in the EU. QE cannot create new demand, it can only move up future demand to the present. Also discussed the buck, the Euro, the Franc the peg and more.