Tuesday, April 10, 2012

QE-3 Is On Its Way – Make No Mistake About It!

Of all the various indexes out there the one were looking at here is referred to as the "Misery" index. Yes this is its actual name. The sum of the unemployment rate plus the rate of consumer price inflation equals the misery index. This index is now close to its all-time high. There are several major factors that are affecting its increase.

First off the ECB steadily giving into monetizing the majority of Europe’s debt. Next, The Bank of England recently passed a measure to monetize an additional 75 billion British pounds. They expect this will help ease their problems and of course will only make matters worse. The newest, we have comments coming from Helicopter Ben’s own minions Fed Governor Dan Tarullo that recently gave this statement. “I believe we should move back up toward the top of the list of options the large scale purchase of additional MBS” (Mortgage Backed Securities)...


 

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