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Old 08-21-2011, 08:12 AM   #3
Wraisil
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Join Date: Apr 2004
Location: Acworth, GA
Posts: 216
My Ride: 2010 Infiniti G37
Quote:
The reality since Ben Bernanke announced his QE2 policy in August 2010 is:
....
Gold prices are up 42%.
Causation? Correlation? Hmm. Let's check other time periods to see if this is even anything new..
From August 2005 - August 2006 gold prices rose 44% with no QE policy in effect.

Did QE have an effect on commodity prices as the article suggests? If it did, was it negative or positive? Gold price increased less with QE then it did prior to the recent recession without any QE policy in place. Is the author of that article dumb enough to think that one single factor (or more absurdly one person) can really essentially control inflation/deflation and cost of living?
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