Watch out below... March 26 (Bloomberg) -- U.S. Federal Reserve policy makers should review whether to complete a second round of quantitative-easing purchasing due to end in June because of strong U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said. âThe economy is looking pretty good,â Bullard told reporters in Marseille, France, today. âIt is still reasonable to review QE2 in the coming meetings, especially this April meeting, and see if we want to decide to finish the program or to stop a little bit short.â http://noir.bloomberg.com/apps/news?pid=20601087&sid=admce.7TGbqU&pos=2
If there is no QE3, there will be nobody to buy treasurys. Then treasurys will tank, everyone will start selling and using those proceeds to buy commodities like oil, gold and pork bellies which will push the price up so much that nobody will be able to buy food and basically make every american eat like people in a 3rd world nation. The good news is, at least the 100 million+ obese people in this country will finally get their wish to be skinny.
This QE nonsense will end soon, not because the economy is doing well, but because the FED is afraid of going broke. It is a private company owned by some of the most powerful and shady people on earth, who really don't fancy being stuck with a pile of bonds that will be heading south. It's that simple.
Naaaaa, they PRETEND the economy is getting "better" and will PRETEND to end the QE, but can't end it because if they do, we go into the 2nd, BIG dip collapse of this depression.