Bernanke Goes All In

Fed launched QE3, announcing a massive money print, buying MBS and clearly signalling that the Fed believes the state of the economy is as dire as this blog has been warning. Won’t make much difference, Ben, if any, other than a jolt to the financial markets. Could create quite a serious bubble in stocks, though. We’ll see.

Anyway, the Panzerfaust has been fired. It is a one-shot weapon of desperation. Now we wait to see where it ends up.

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