LIGHTNING ROUND: QE could last years - Cumberland's Kotok
Tuesday, December 11, 2012 - 01:53
Dec. 11 - Cumberland Advisors' David Kotok says that, with $1.5 trillion in excess reserves at the Fed, it could take years before the central bank stops its quantitative easing policy
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It -- talk of cut and advisors joins me now for a lightning round on the -- David -- today that meeting underway. -- -- behind me. Others talk for another 4050 billion maybe up to 85 and they're gonna buys long duration that's what's key here. So we're gonna see something and probably in the in this house. This is making it. A little if you buy -- long term bond you lower interest rates just made. When you lower interest rates this bridge -- home mortgage interest rate goes down makes it easier for somebody to house that's what's going. Let me get this announcement we'll beware it's just clip clip I hope not get rid of the -- -- there. Ho ho ho opera humbug I'm bugs worked up. How honored as Huey Infiniti glass that. It is that the Fed has a tree dollars of excess reserves. They buy more draperies -- it. Just goes on around the world. 8085%. Of the capital markets in the world of excess reserve. Until it stops that views. Put the number one -- That is watched. The unemployment rate is the what makes the headline you see it referring to a -- wanted to be lower next match. We're gonna see some new voting members coming out of that next year any potential thing I don't see much change in policy. If anything you could argue that in new voters make it did docile hole. -- -- -- but Bernanke has to vote for any policy. David. But. I brought it up there it's.
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