Einstein's Insanity Alive and Well at the Fed

Albert Einstein

From Bloomberg - by Mark Gilbert - Albert Einstein defined insanity as doing the same thing repeatedly and expecting different outcomes. The crazy gang at the Federal Reserve should heed those words when debating how much more market manipulation to inflict on the world of fixed income. The worrisome thing about so-called quantitative easing -- a concept still novel enough to mean whatever the Humpty-Dumptys in central banking want it to -- is that its consequences remain unquantifiable, and the perceived need for more central-bank purchases of securities should make investors uneasy. Read here:

Einstein's Insanity Alive and Well at the Fed