/dev/null Posted April 27, 2011 Share Posted April 27, 2011 http://www.cnbc.com/id/42784201 How long until QE3? All Glory to The Benbernank Link to comment Share on other sites More sharing options...
truth on hold Posted April 27, 2011 Share Posted April 27, 2011 (edited) Tailgunner Ben basically cherry picked the data to accept everything that would justify QE infinity and reject as temporary anything that would argue against. He's in it for the long haul to offset the eventual decrease in fiscal stimulus or whacking of treasury prices. Dangerous game for sure as it could trigger a currency crisis, but what else can he do? What I see now investors reaching for yield, trading things outside their expertise and levering up represents the last stage before a crisis. Usually takes 1 to 2 years to blow, and next time who will be the backstop since it will be sovereign in nature. Dow will rally another 1,000 + from here so might as well enjoy it while it lasts. Edited April 27, 2011 by Joe_the_6_pack Link to comment Share on other sites More sharing options...
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