Keith Springer, President of Springer Financial Advisors provides expert financial commentary and analysis on the effects of Bin Laden’s death on the stock markets and the Fed’s new quantitative easing program in an interview with MarketWatch reporters this morning.
“Although the death of bin laden is giving all Americans an emotional high,” Mr. Springer said, “it will have no affect on the financial markets after the first few hours of trading. That said, I think we all will walk around with a smile today.”
Mr. Springer goes on to say the dollar is being directly affected by the [Federal Reserve’s] stimulus programs. “Although [the second round of quantitative easing] ended, we still have QE Mini-me.”
Plus he notes, with first-quarter GDP growth at 1.8%, the chances of another formal QE program are increasing, and that should push the dollar lower.
To view full article click here