I guess we'll see soon enough. I tend to agree with c2, there
will be less QE2 than expected, maybe none new, but
who knowz. Technically gold might have be done to the
downside any moment (seeing the lows), maybe already, although
the correction may still last until December. Meaning no new
highs, just slashing back and forth. Dunno now. Me bot the
dip a bit, started adding some. -g-
Indeed, there is this article on Taylor rule requiring 4
Trillion new QE2, which will certainly be quite bubblicious
for gold and the stock market and destructive for the
economy if pursued by easy hilo Ben.
In the meantime, what US economy really needs is shock
therapy - real reforms altering it's structure. Very painful
reforms, I might add. At least, in the short run, with some
serious TL and EV. -ng-
As ggersh says, we will "kick the can" instead. No doubt. |
