QE3

We Will See QE3. Just Not Until We Need It

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The notes from yesterday’s Fed meeting have managed to spur back-to-back down days in the market, seemingly all based on the lack of language hinting at an immediate round of Quantative Easing.  This market is hooked.  It fiends for stimulus injections, pitching a tantrum at the slightest hint of being denied what it assumes is “promised.” This reluctance to dole out yet another “dose,” this sign of maturity on the part of the Fed is a glimmer of hope that fiscal responsibility is on the horizon.  Over medicating is a self fulfilling prophecy, spiraling into the depths of physical reliance. … Read more

Time For More Fed Action?

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With the economy still weak and the politicians unable to agree on a plan to lift the debt ceiling, it might be time for the Federal Reserve to embark on QE3. Before you think I have lost my mind, please examine the three facts listed below. First and most important, the economy — supposedly out of recession for two years — is not in good shape. After rising at a paltry rate of 1.9% in the first quarter, the gross domestic product likely crept ahead at an even slower pace in the second, according to the MarketWatch consensus. This is … Read more