Could Fewer Jobs Mean More QE?

Posted by on April 6th 2012 in CFTC, China, Federal Reserve, General Economy, Gold, JPMorgan, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

As a “Disappointing jobs report revives talk of Fed easing,” Sprott Asset Management’s John Embry tells King World News that “I think perhaps the most bullish thing I saw yesterday was that Dennis Gartman has pronounced the end of the gold bull market as a result of the Fed’s actions.  Nothing could be further from the truth…. Last year, when they had about $1.5 trillion in budget deficits, they monetized some 61% of it.  I think the budget deficit will be equally as large going forward and there are less and less buyers.  So, the idea that there is no QE coming, only a moron would believe that.”

Related Links:  

Bloomberg:  London gold prices gain as U.S. employers add fewer jobs than forecast

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Financial Sense:  Marc Faber: Global central banks are in the money printing business −There will be more QE

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