Thursday, December 22, 2011

Sorry Folks, QE 3 Ain't Coming...

… Unless we get a major bank going under or a 2008-type event.
I’ve been reading that several pundits believe QE 3 is just around the corner. I’m sorry to say that this view is both misguided and has proven to be extremely dangerous to investors’ portfolios over the six months.
Indeed, we’ve heard this argument virtually non-stop since last June. Every time the Fed had another FOMC coming up, the argument was made that QE 3 would be announced. Every single time the Fed

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