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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: Ilaine who wrote (78205)8/22/2011 3:22:38 PM
From: elmatador  Read Replies (1) of 219927
 
“Ben Bernanke is a student of history, and he is not going to be the central banker that lets financial markets melt down and the economy go into a depression,” said Mark Gertler, a professor of economics at New York University who has co-written research with the Fed chairman, who’s due to speak at 10 a.m. Eastern on Friday .

Gertler said all options are on the table, including another round of asset purchases, or quantitative easing. In the first round of bond purchases between Dec. 2008 and March 2010, the Fed bought $1.7 trillion of mostly mortgage securities, and in the second round between November and June, the central bank snapped up $600 billion of Treasury bonds.

“QE3 is an option if there is a significant downturn in the economy or extraordinary stress in financial markets,” Gertler said.

marketwatch.com
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