Will QE 3 really bring any sense to US economy? - Reymount Investment

Markets embraced Fed for the QE 3 announcement it made on last week after Ben Bernanke assuring that Fed will continue open-ended purchase of $ 40 billion of mortgage debt every months with fed rate near zero. There was massive rally across riskier assets with treasuries falling on hope of value erosion expected in longer term fixed income holdings.

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