RED ALERT! QE3 Has Arrived! By Gregory Mannarino

[youtube]http://www.youtube.com/watch?v=fJbONHiKh-w[/youtube]
Nothing on ZH??!?... am tracking down source.
Seems like rumor to me, a rumor which gold missed as no move there. ATM I would not put much stock in the rumor, 850 million is chump change unless it is day in day out.
 
tbh a bit skeptical on these QE3 declarations... there is no point in introducing QE3 if interest rates are at all time lows... i think Mannarino is being a bit premature...
 
From http://www.bbc.co.uk/news/business-15198789

"What is quantitative easing?

Usually, central banks try to raise the amount of lending and activity in the economy indirectly, by cutting interest rates.

Lower interest rates encourage people to spend, not save. But when interest rates can go no lower, a central bank's only option is to pump money into the economy directly. That is quantitative easing (QE)."
 
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