Wednesday, August 24, 2011

To some extent we are in QE3 already

Marc Faber : I think what he (Ben Bernanke) will say is that they are monitoring the situation and that they will take "appropriate measures" when they are required and I just like to mention to some extent we are in midst o fQE3 already because by announcing that the FED will keep Zero interest rates until the middle of 2013 they basically encouraged financial institutions to borrow short term and to buy ten years treasuries - in Bloomberg 23 Aug 2011

 

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