QE3 On Horizon for U.S. EconomySubmitted by emalvini on Fri, 08/17/2012 - 12:36
QE3 On Horizon for U.S. Economy
OP-ED on AUGUST 17, 2012 in OPINION & EDITORIAL
For those who are logic-minded, the current state of the world can, unfortunately, be seen as a function of Europe. The age of decoupling has ended, and the era of globalization has begun. The effect of the EU on the U.S. is quite obvious, and I will give two simple examples from just within the past couple weeks.
European Central Bank President Mario Draghi announced July 26 that the ECB is prepared to do whatever it takes. On this simple statement, the markets rallied with hopes of a faster recovery. The S&P 500 rallied an astonishing 3.59 percent July 25-27! If that doesn’t show the fear currently in the market, then I don’t know what does.