Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday
Yeah, no. QE4? Yep.
I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.
Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htmQE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks