The markets are sending Bernanke a message that it wants more QE, just like it did last year following QE1. With evidence that the economy is slowing again and GDP at an anemic 1.8%, he will have little choice but to initiate a QE3. I know I’ve been predicting this for months and many have even laughed at that forecast, but it will happen. You heard it here first.
Regards – Keith Springer