Is QE3 Back in the Picture?
Posted by Investment Rarities on May 10th 2011 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!
An article headlined “QE3 and the silver entry point” asks, “How much trauma will the financial markets have to suffer before it’s a ‘crisis’ capable of justifying QE3?,” while Euro Pacific Capital’s Michael Pento predicts that “The economy will be so bad that Federal Reserve Chairman Ben Bernanke will have to hint at another round of quantitative easing by the fall.” And Zero Hedge points out that “while many still believe that QE2 will be the last of domestic US monetary easing episodes, as Bill Gross noted earlier, it is very possible that the US may be headed into a triple-dip recession, for which the only prescription will be another QE round (with political gridlock in DC at unseen levels no fiscal stimulus is even remotely possible). If this happens, precious metals will once again surge.”
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