There is an interesting article about how the FED and the ECB fake printing to influence the Markets:
http://seekingalpha.com/article/836411-beige-book-and-revised-gdp-make-more-qe-unlikely?source=email_the_daily_dispatch&ifp=0
What brought up this speculation? The immediate precursor for the article is the revised report that the economy grew by 1.7% instead of the previously reported 1.5%. The conclusion of the Author is that things are not bad enough to ease. Really? The growth needed for full employment is 3%. A growth of 1.7% is not much better than 1.5%.
We have heard speculation about QE3. So far, it is speculation aimed at sustaining the Stock Market.
Thursday, August 30, 2012
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