The addict calls for QE3
The stock markets are tumbling again after the end of QE2. Now, Bernanke has to decide fast whether to launch QE3 to give an injection into the addict’s vein.
Of course, it won’t solve the deep structural economic problems but it will buy some time for Obama to get reelected and hopefully on his 2nd term, he can throw caution to the wind and start some serious reforms.
“Change,Yes,you can” We are still awaiting Obama to fulfill his promise.
Entry filed under: Watch your step.