QE3

At 2:15pm, the Federal Open Market Committee will release a statement from their meeting today. If you would like to be alerted to the contents of the Fed's meeting as they come out in real-time, signup for a free trial of Benzinga Pro's premium news service. Expectations are low, with most...

If you told me that Ben Bernanke was a robot, sent from the future to destroy the United States, I would probably believe you. Then again, I expect robots from the future would be competent, which all but excludes Bernanke from consideration. If you followed the Federal Open Market Committee's...

Today is the latest meeting of the Federal Open Market Committee, and honestly very few people know what to expect out of the meeting. Also keep in mind that this is Ben Bernanke's third press conference, after the FOMC decided to have Bernanke give press conferences to discuss monetary policy,...

Calculated Risk points out that employment increased (ADP report: 91,000), yet ADP hasn't been useful. Even though we saw some market enthusiasm (possibly related to employment), I agree with Bill that the numbers don't look good enough to justify any rally (if that's why we saw one). Also, the...

So gold did not go to $2,000 an ounce by the end of September as was discussed last month, but that does not mean it will not get there, eventually. Gold gave back almost all of the gain it had in August (12%) in September, as the short term mentality of "return of capital, not return on capital...

The U.S. stock market has now officially entered bear market territory, with a loss of 20% from its April highs as investors flee risk assets over fear of a sovereign default in the Eurozone and a recession in the U.S. The situation is starting to reach a tipping point as markets continue to gyrate...

This is a complicated question. There is a paradox of what should have been done before versus where the world is now. The first part of the equation is the extent to which poorly thought out policy has made things worse thus prolonging what the natural duration of the financial crisis would have...

Whether we get a third round of quantitative easing or not remains to be seen, but tomorrow could be the most important day in having a say yes or no. Tomorrow is the August Nonfarm payrolls report, to be released at 8:30 a.m. There is a wide range of consensus estimates for the numbers of jobs...

We discussed the reasons last month why gold would go to $2,000 an ounce by the end of August. That did not happen, and fell well short of that level, closing at roughly $1,830 an ounce. Still, gold had a spectacular month, gaining 12% during August, thanks in part to worries over the S&P...

In this article, I look for clues in the charts as the fate of the markets and the free world  hangs in the balance on the actions (or inactions) of the FOMC.  We must wait until mid – September, and until then, the markets will be ripe with rumors.  The Fed is already in full court press mode as...

In this article, I look for clues in the charts as the fate of the markets and the free world  hangs in the balance on the actions (or inactions) of the FOMC.  We must wait until mid – September, and until then, the markets will be ripe with rumors.  The Fed is already in full court press mode as...

When Goldman Sachs called for QE3 to be announced, many expected it would be hinted at, or perhaps even announced at Jackson Hole. Obviously that was not the case, with Federal Reserve Chairman Ben Bernanke not announcing any plans. Bernanke did leave the door open at Jackson Hole, but nothing...

So much for no QE3, at least if Charles Evans gets his way. Chicago Federal Reserve President Charles Evans was on CNBC just a few minutes ago, and comments from Evans made it sure seem like an additional round of quantitative easing is on its way. Gold, silver, and bonds are moving higher on the...

Federal Reserve Chairman Ben Bernanke is many things, but magician is not one of them, and there is little to no chance that he announces a third round of quantitative easing tomorrow. Bloomberg is out with an article today discussing why Bernanke may in fact forego a third round of quantitative...

If Ben Bernanke is going to be Superman on Friday, he needs to prescribe some medicine for the good doctor. Dr. Copper that is. Strong copper is the lifeblood of a strong economy, there is no doubt about that. Copper is used in industrial production, and the higher copper prices are, generally...