By Warren Bevan:This coming week will be very important as the US Fed meets to discuss interest rates. Chances are near 100% that they will remain in the current range but what is important is that they are likely to announce some sort of second quantitative easing program, adopting Buzz's phrase, only applying it to money printing.
Chances are, they will not make it quite so clear, but it's very likely that some sort of "program" or "initiative" will be announced. Then again, it seems everyone including the great US business channel is expecting this, so maybe it won't happen, or maybe it will, but they just won't tell us about it!
What has my antennae piqued though is that the great Giant Squid "bank" has lowered their US economic growth forecasts for 2011 and they are also predicting "another round of unconventional monetary easing".
It's uncanny how you can usually bet against this "bank" and win. They are known for saying one thing and doing the other, in turn screwing their clients or followers.....read on
No comments:
Post a Comment