QE3=GCC

On Aug. 27, 2010, Ben Bernanke gave his now-famous speech at Jackson Hole, Wyo. In it, the Federal Reserve chairman hinted at additional purchases of long-term securities -- now popularly known as QE2, short for quantitative easing. Yesterday, nearly two years later, the markets popped after another Bernanke speech, in which he suggested that more Fed action may be required to resurrect a job market that he described as "far from normal."

Bernanke spoke in Arlington, Va., and I can't help but wonder if the name of that city will now take on a similar connotation as Jackson Hole. Did we just witness "Jackson Hole: The Sequel"? If so, what does this mean for traders and investors?...511 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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