QE Watch
As we watch the meltdown in Europe, events appear to be developing very much as we anticipated.
Gold is up. European stocks and banks are down, and so, too, are world stocks.
The fear of a global recession is growing, a fear we expect to persist until the next massive money printing effort —the third round of quantitative easing (QE) — is launched in Europe later this year. The U.S. and Japan will follow suit, and probably China and other countries as well. While different in form and name . . .
Continue Reading: QE Watch 2011
