IMF chief Christine Lagarde warns of QE tapering risks

In other words, Christine Lagarde is saying we need indefinite QE, despite jawboning by the Fed about tapering or ending QE.  This confirms my conviction that QE will never end.  Because even if the Fed "tapers" purchasing of US Treasuries and mortgage-backed securities, this alone will tank both bond and equity markets--thereby necessitating an acceleration of QE later on.  This will destroy what little credibility central banks have left.

By the way, Lagarde has to toe the party line--ginning up the printing press, and maintaining rhetoric of USDollar hegemony.  Because once she goes off the reservation, she will be unceremoniously stripped of her title as IMF Managing Director, as her predecessor Dominique Straus-Kahn was.  Only in her case, they'll have to come up with other allegations than raping hotel chambermaids.

QE to infinity, bitchez.

http://www.telegraph.co.uk/finance/economics/10263597/IMF-chief-Christine-Lagarde-warns-of-QE-tapering-risks.html