Pimco Global Economic Advisor Suggests QE Should Buy Equities Next

Speaking at a panel in the Milken conference titled "Monetary Policy: Out Of Ammunition" moments ago Pimco's global economic advisor Joachim Fels, formerly of Morgan Stanley and Goldman Sachs, had a few observations on QE vs NIRP, not surprisingly nudging central banks that explicitly central bank buying, i.e., QE, is far more powerful than the implicit deflationary signal which is NIRP.

  • FELS: QE IS A MORE POWERFUL TOOL THAN NEGATIVE RATES

He then proceeded to point out the obvious;

Ted Cruz Explodes In Epic Anti-Trump Rant: "He Is Utterly Amoral, Narcissist, Philandering, Pathological Liar"

The pressure of tonight's "must-win" Indiana primary appears to have gotten to Ted Cruz who one week after being hailed as Lucifer and a "son of a bitch" by John Boehner, exploded in an epic anti-Trump rant of his own, calling the republican frontrunner "an utterly amoral, narcissist," a "serial philanderer" and a "pathological liar."

As The Hill adds, Cruz prefaced his comments by saying that for the first time, he wanted to say exactly what he though of Trump after the GOP frontrunner suggested his father might have had something to do with the assassination of John F. Kennedy.

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