Saturday, October 9, 2010

Clear explanation of where we’re up to

The gloves are off, QE is now seen as an aggressive depreciation tool

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 £200bn of QE "funny money" into the economy.

Posted by devo @ 09:58 PM (953 views)
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4 thoughts on “Clear explanation of where we’re up to

  • But, but Mark Wadsworth and flashman said it isn’t funny money. lol

    ‘Drugged up geeks’ indeed.

    Le Crunch.

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  • Had to be a blindman, not to realise this was coming.

    Only question now is which stocks in which sectors will benefit most?

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  • More QE cannot be justified when inflation is at 3.1%.

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  • buy bank shares, they are about to shoot up, more QE = a surge in price for bank shares = profit

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