He added: "It is hard to see any sustained rise in prices until the uncertainty dissipates.
This sustained rise has made dollar bears look foolish, but it has also priced U.S. products out of world markets.
In other words, the next decade threatens to see the longest sustained rise in child poverty since the 1980s.
The past decade has seen the most marked sustained rise in living standards in the country's history.
The sustained rise in oil prices this year has surprised some energy analysts, who had expected a cooling toward the end of the year.
During the same period, there has been a sharp, sustained rise in death threats against the President and against (mostly Democratic) legislators.
"We need to escape this vise on the high side of qualification of labor and a sustained rise in productivity," he said.
"While the Sensex may go up slightly, I don't see any sustained rise.
Many other virtual currencies have also enjoyed a sustained rise in value over the last few weeks.
Therefore, I think that we have about another 12 months before we get a sustained rise in the economy.
Those who worry about a material and sustained rise in T-Bond yields would do better worrying about the end of ZIRP, not the end of QE.
