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发表于 2011-9-4 04:45 PM
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New Bernanke bombshells ahead! (ZT)
Recenty, the pundits were thinking that Ben Bernanke and the Fed were going to lay down their weapons of mass inflation and surrender peacefully to the recent barrage of bad economic news.
They expected no more big money printing and no new gimmicks to pump liquidity into the economy.
Some were even about to declare "game over" for the Fed's entire stimulus enterprise.
However, all those thoughts and theories fell by the wayside as Bernanke gave the world a peek at what he has up his sleeve.
He opened the door a mile wide to QE3 - a third round of quantitative easing that, depending on his own recession fears, could be enormous.
And he swung open the gauntlet to the radical measures that we publicly warned about nearly a year ago - buying stocks and real estate for the Fed's own account ... dropping bank reserve requirements all the way down to zero ... even cattle-prodding the nation's banks into making loans by charging them interest for their own reserves.
This is huge! It confirms precisely what we've been saying all along ...
•First, that we'd get horrible news on the economy, driving bank and real estate stocks into the gutter, and ...
•Second, that the Fed would react with unprecedented money printing and other stimulus, driving certain assets like gold through the roof.
That's what's already happening and will continue to happen.
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