Loading ...The Fed Is Out Of Options, “QE Is All It Can Do Here” Art Cashin Predicts
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/11/2015 20:43 -0400
Weakness in commodities “is not transitory,” Art Cashin tells CNBC, if you look at things like copper, “this is really a deflationary push… where things can get a little out of control.” The Fed says they must get off zero interest rates because,, as Cashin notes, “they can’t do anything else.” However, as the venerable floorman who has seen it all explains, “they’re in a kind of silly loop where they did QE expecting a reaction… didn’t get it.. and then they did QE again because it didn’t live up to their expectations… but I think they have no other options, if things get negative on the economy, QE is all they can do.”
more http://www.zerohedge.com/news/2015-08-11/fed-out-options-qe-all-it-can-do-here-art-cashin-predicts