Asian Stocks Down On Fears Stimulus Efforts are not Enough

I was talking with a guy today about how George Soros sold out of all his US stocks and bought a bunch of gold about a month ago—right before the latest big lift in gold prices. We both agreed that it was a heck of a good move with the exception of his liquidation of US stocks which have done well with Fed easing.

The general consensus has been that QE3 will bounce stocks and commodities, but the general consensus is usually not the place where significant money is made.

Interestingly Warren Buffett and John Paulson got out of some consumer oriented stocks in a fairly big way over the last month. 3 big NO votes on the American economy—at least at this moment.

Anyway, as I was checking the financial news tonight I saw that according to Bloomberg Asia is afraid there isn’t enough easing coming online to spike the world economy. Have we jabbed the cadaver with adrenaline too many times? Have we blown a gasket? If open ended QE junk isn’t rallying the markets, then things may just have changed. It is far too early to tell of course.

(From Bloomberg.com)

Investors are “finally realizing that recently announced liquidity injections from central banks will do nothing to address the structural issues,” said Matthew Sherwood, Sydney-based head of markets research at Perpetual Investments, which manages about $25 billion.

Click here for the article.

Filed under
Tags

About Nick Sorrentino

A Photo of Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AC2NEWS.com and AgainstCronyCapitalism.org. He is also the founder of TheSorrentino.com. A political and communications consultant whose clients have spanned the political spectrum, his work has been featured at Chief Executive MagazineReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. He has spoken at CPAC, The Commit Forum, The Atlas Summit, The US Chamber of Commerce, The National Press Club, and at other venues. Sorrentino is the Founder of Exelorix Consultants and a senior fellow at Future 500. He is also the author of the book Politicos, Predators, Payoffs, and Vegan Pizza. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.