Bon Voyage to QE 2, Hello QE 2.5! (not really, if you like your currency to be strong!)
From CNNMoney four days ago: “
QE2 is just about done. But the Federal Reserve will still be buying massive amounts of long-term Treasuries.
In fact, the Fed's purchases over the next year will likely be at least $300 billion. That's half the size of QE2 -- even if QE3 never takes place.
Think of it as QE2.5.”
Sorry, I don’t want this half version of a British oceanliner either. As I mentioned yesterday, if our Federal Reserve presidents are happy that it weakened my dollar, I am not a fan! A weaker dollar stokes inflation fears in my mind! How to combat it in your portfolio? Stack your gold coins – after calling us first at Lear Capital!