“QE to Infinity and Beyond,” says Mike Shedlock!

Welcome to Capital Account. Today we talk about “foot-in-mouth” disease, given Mitt Romney’s recently exposed comments stating that 47 percent of voters “believe they are victims” and are dependent on the government. It seems the “foot-in-mouth” indicator is as important as the economy in this Presidential election. Even though this appears to be a bearish indicator for Mitt Romney, we ask our guest, Mike Shedlock, if there is a bullish case for the economy when it comes to either the Republican or Democratic Presidential candidate.

And what is the true state of the economy? We talk to Mike Shedlock, Investment Advisor for Sitka Pacific Capital, about indications that the US is in recession. Also, Mike Shedlock, author of the blog Mish’s Global Economic Analysis, tells us about his top ten list of the most dangerous politicians in Europe.

Plus, according to a report posted on the NASDAQ’s website, investors plowed more than 15 billion dollars into ETFs last week in anticipation of QE3. What exactly is an Exchange Traded Fund, and more importantly, what is in the fine print? We break it down in Word of the Day.

Also, GE’s medical imaging healthcare business is slowing down, but is this partly because of changes GE made to the health plans of its own workers? Lauren and Demetri talk about it in today’s Loose Change.