If you were afraid you had run out of reasons to hate the Fed's quantitative easing strategy, look no further.
During an interview with Barron's
, Chuck Royce
, founder of Royce & Associates
, told writer Jack Willoughby that QE has created a market where nobody wants to pay for quality.
"This market and the wide availability of credit rewards the overleveraged operations that have made excessive use of debt," Royce is quoted as saying. "It's taken us awhile to understand the destructive effects of quantitative easing."
Read more on why QE gets his goat in Barron's
Stay ahead of the news ... Sign up for our email alerts now