Bernanke Won’t Let “Election or Stock Prices” Hold Up QE3
With the Federal Reserve having decided last month to not launch a third round of quantitative easing (QE3), a growing chorus of investors and market pundits have pointed to the upcoming presidential election and the strength of U.S. equity markets this year as factors holding the Fed back from further easing.
One individual who disagrees with this view, however, is Peter Tchir, founder of TF Market Advisors. In his daily report posted on Minyanville.com, Tchir argued that Ben Bernanke and his fellow central bankers will defy the critics and indeed announce QE3 in 2012. In doing so, Tchir indirectly laid out a ringing endorsement for gold prices, which as everyone knows, historically do very well during periods of significant money printing:
“I think the Fed will act. Lots of excuses are given about why they won’t – most hinge around the U.S. election and the fact that the S&P is at 1,340. Those arguments don’t much make sense to me. Bernanke has told us what he focuses on. He focuses on inflation, which is apparently non-existent and jobs, which are also apparently non-existent. He wants to do QE. His entire academic career was based on central bankers not doing enough soon enough. He wants to act and has told us the criteria he is looking at. I don’t think he will let the election or stock prices hold him up if he thinks the outlook for economy in general and jobs in particular deteriorate.”
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).