Roubini says the intervention by Japan and Switzerland into their currencies are the beginings of QE3 and will result in fed easing.
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Remember the US Fed $300 billion QE already announced (via MBS) and posted here?
@scavenger,
That’s old news no ?
Old news but the Fed’s QE pump was never turned off. It amounts to half of the expired QE2 going forward.
@Scavenger,
Okay i understand you now. Very true…