US stimulus having no direct impactBY MARK SMITH | FRIDAY, 25 OCT 2013 12:00PMQuantitative easing is having little direct impact on the market, according to Cato Institute senior fellow Dr William Poole. Related News |
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.







Uh, let's see...a senior fellow from the Cato Institute, originally founded as the Charles Koch Foundation, has a very critical opinion of Fed policy and adds a cheap shot at regulations and taxes on his way out. Yeah, never saw that coming.
No impact?? Spare me! US equity markets are at record highs while economic growth continues to be soggy - no risk there. Double digit gains in residential property - didn't we re-remember property was a "real" (inflation related asset) after the crash?
The biggest impact is that returns from most assets look set to be low for a decade (with the cash hurdle rate being so low). This will impact people saving for retirement. QE is not a victimless crime!