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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy
Superinvestors and the Art of Worldly Wisdom
The Importance of Quantitative Easing
Quantitative easing is price-incensative buying. It's just buying to support prices and basically investors just follow their lead. I mean, all around the world. Guarantee every sovereign credit. But it's astounding what they're able to accomplish today. This might be just a function of the passive investing, but I believe this price-incenative passive investing really begins with the central banks.
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