James Altucher Argues That The Fed Should Intervene Massively In The S&P Futures Market

This will earn James Altucher nothing but scorn, but give him credit for sticking his neck out, and arguing that the Fed should intervene massively in the S&P futures market to improve the economy and boost morale.

His idea: It’d be no different than any other forms of quantitative easing, except that while mortgage and bond purchases just help Wall Street, equity market intervention also helps main street. (via @pcdunham)

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