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| from Growth Stock Wire........We all complain about the devaluation of the dollar, the unending deficit spending, and the lack of fiscal discipline, which are all aided by quantitative easing. So, too, is the run-up in stocks and the low interest rates.
"Just wait," Bernanke thinks to himself. "Let's see what everybody moans about when QE2 ends."
We're not going to see a QE3 program until we get a glimpse of what life is like without daily injections from the Fed. Maybe then the pundits will show a little appreciation for the market's drug dealer.
If you're buying stocks or bonds (or commodities?) based on the premise that QE3 is on the way, you may want to rethink that idea. It may make more sense to think about what might happen when there's not an extra $8 billion coming in to prop the markets up every day. Look at what happened last year when QE1 ran out, just before QE2 kicked off.
We're probably headed for something similar sometime this summer. As we get closer to the end of QE2, | |
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Just now from From National Inflation Association.
