Bernanke set to unveil number larger than eternitySubmitted by emalvini on Wed, 10/24/2012 - 22:05
Bernanke set to unveil number larger than eternity
Submitted by Tyler Durden
10/22/2012 15:48 -0400
Bank of America Bank of America Ben Bernanke Bond Capital Markets Citigroup Federal Reserve Hyperinflation Merrill Merrill Lynch New MBS
It was just over a month ago that the Chairsatan formalized the incorrect named QE 3, aka the open-ended QEternity, whose purpose, for now, was to increase the Fed's balance sheet by $40 billion/month in new MBS purchases. Well, according to MarketWatch, whose previously unheard of Greg Robb is seemingly vying for the role of Jon Hilsenrath, Ben Shalom is preparing to unveil a number bigger than eternity: " After historic changes last month, Federal Reserve officials this week will discuss a possible expansion of the size of its third round of bond buying and better ways to guide markets about future policy actions." Just because $40 billion per month in new flow is apparently not enough, and because the market is now well below the level it was when "QE 3" was announced.