Tuesday, February 1, 2011

QE3 Here We Come?

Of all people at the Federal Reserve, the supposed monetary hawk Thomas Hoenig (Kansas Fed chief) indicates he and his colleagues are amenable to QE3.

From Reuters:

The Federal Reserve could debate extending its bond-buying program beyond June if U.S. economic data prove weaker than policymakers expect, Kansas City Fed President Thomas Hoenig said.

Another round of bond buying "may get discussed" if the numbers look "disappointing," Hoenig told Market News International in an interview published on Tuesday.

The eternal put is on the stock market. Have no fear. Everything and anything is already priced in. BTFD (Buy the Failed/F--king Dip).


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