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FSN: Expectations Ramp Up for QE3 — But Maybe Not Now
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Decision due 12:30 p.m. Thursday, followed by press conference
[Ed. Note: I would not expect QE3 while the DOW is setting new multi-year highs. How would they justify it?]
by Greg Robb
Market Watch
WASHINGTON (MarketWatch) — Fed watchers have little doubt the central bank is getting ready to launch what’s commonly called “QE3,” or a new large-scale asset purchase plan, but many think the countdown will be placed on hold until later this year.
“We don’t think the most likely outcome [in September] is going to be the announcement of another large scale asset-purchase plan. I am not convinced they are ready for it,” said Lewis Alexander, chief U.S. economist at Nomura Holdings.
“FOMC members continue to struggle with the appropriate structure for a future QE,” agreed Ward McCarthy, chief financial economist at Jefferies.
Continue Reading at MarketWatch.com…
2012-09-11 21:22:18
Source: http://silveristhenew.com/2012/09/11/expectations-ramp-up-for-qe3-but-maybe-not-now/
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