QE3

Friday, August 26. Jackson Hole, Wyoming. For a place renowned for its beauty, peace and serenity, Friday will be one of the busiest, and perhaps the most important day in the history of this small, historic, skiing and fly-fishing resort. Of course, this is where the Federal Reserve's annual...

The Australian Dollar, Canadian Dollar and New Zealand Dollar were the three strongest performing currencies to start the week as the safe haven block slid among renewed hope for a third round of monetary easing by the Federal Reserve. Fundamental Headlines • Gold Advances to Record as Platinum...

PIMCO's Bill Gross said the reason Treasury yields have touched and moved past 60 year lows is very simple. It's highly likely the United States is in a recession. Gross was on Reuters Insider television to discuss the likelihood of the recession. "It is increasingly apparent to us that...

Yesterday stocks soared on what the Federal Reserve had to say, as it intends to leave rates alone until at least mid-2013 due to a weak economy. For about 30 minutes, the equity markets jumped, then plunged, then sputtered around, until Goldman Sachs came out and saved the day, at least for a...

Polo Ralph Lauren Corp. (NYSE: RL) reported earnings this morning that clearly show the difference in the two consumers in this country: the very wealthy and the very poor. The premium lifestyle company reported earnings of $1.90 per share on $1.53 billion in revenues. Wall Street had been...

With tumultuous global markets wreaking havoc on investors and policymakers alike, many eyes have turned to the U.S. Federal Reserve to restore confidence. If the FOMC's statement Tuesday is any indication, investors could be in for an interesting few years. The Fed announced that it would keep...

The bi-winning Fed opened its mouth and now committed to two years of record low interests rates, and continued to say that they would act, i.e. QE3 or other tools, if necessary. The stock market reacted positively and reversed a 180 points loss in the Dow to a 430 points gain in ~90 minutes...

Uncle Ben Bernanke is going to pop out of his hole at 2:15 p.m EST and say everything and nothing, all at once. It's what he does best. The Fed Chairman, who treats the markets like his personal tinker toy set, is expected to hint at (but not announce) a third round of quantitative easing with...

Jan Hatzius, the prestigious economist at Government, err Goldman Sachs (NYSE: GS) came out with a report this morning and told us to expect some kind of QE3 announcement when the Federal Reserve meets next week. This is from his note this morning, thanks to ZeroHedge: "We have lowered our...

You don't need to worry whether QE3 is coming, the Federal Reserve essentially just told you it was. In an interview with the Wall Street Journal, former Fed officials Donald Kohn, Vincent Reinhart and Brian Madigan said they would support the Fed doing more easing if the economy started to...

U.S. Treasuries have always been seen as a "safe" investment, backed by the full faith, and credit of the U.S. government." Yet with worries about the debt ceiling, and the possibility of a downgrade of U.S. debt, we have seen the continued move down in yields on U.S. Treasury debt. Many market...

Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen. Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of...

Well, that was short lived. All the gains from the "QE3 rally" earlier today are gone, although gold is continuing to hold onto the gains it made after the FOMC released its minutes from the June 22 meeting. In the June 22 meeting, the FOMC discussed the potential for additional easing, should...

The markets have turned solidly positive on release of the FOMC minutes saying that the Federal Reserve has discussed the potential for QE3, should economic conditions continue to weaken. At last check, the Dow was up 50 points, the NASDAQ was up 1 point, and the S&P 500 was up 5 points.

The FOMC released its minutes from its June 22 meeting, and the Fed talked about a third round of quantitative easing. The Fed openly discussed the potential for a third round of quantitative easing, and all agreed on the need to keep interest rates low. The Fed talked about exit strategies, and...