Tuesday, 12 July 2011

Stock Market up? Gold up Huge? Wondering why? Look no further...

QE to Infinity, as stated many times, they have no choice:

Fed Minutes Released: "Some FOMC Members Think QE3 Would Be Appropriate"

The only section that matters: "Some participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate and if inflation returned to relatively low levels after the effects of recent transitory shocks dissipated, it would be appropriate to provide additional monetary policy accommodation....A few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run." Translation: QE3?

Read the full story here:

http://www.zerohedge.com/article/fed-minutes-released-some-fomc-members-think-qe3-would-be-appropriate

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