Saturday, October 9, 2010
Clear explanation of where we’re up to
The White House is now fully aware it's in trouble. So more "quantitative easing", or QE, is now a done deal. In other words, equities are set to receive yet another state-sponsored "sugar rush". That's the main reason stock markets just rallied. Traders are anticipating an upcoming QE-boost for equities, as an increasingly desperate Obama takes steps to rescue his own depressed political share price. The Chancellor, George Osborne, has just given the green light to more UK money-printing as well. The Bank of England has already pumped Â£200bn of QE "funny money" into the economy.