An Invitation to the Money-Printing Party
Weak Empire State manufacturing and consumer sentiment numbers are being greeted positively as hope grows that the bad news will prompt the Federal Reserve to roll out QE3 soon. The G-20 nations have already promised to take coordinated action to deal with Greece, and the U.K. is doing the same to boost its economy, so why wouldn't the Fed join the money-printing party as well?
Nothing has driven this market more in the last few years than central bank action, and we have it in spades right now. The irony is that the worse the economic news, the more the bankers will throw cheap money at it, and there are few places for it to go other than the market....139 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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