Let’s be blunt here, the only thing that will cause QE 3 to come out will be:
- Another market Crash (S&P 500 sub-100); or
- A major bank collapsing.
That’s it. QE 3 is not going to be some “let’s push stocks higher” move. It’s going to be a “desperately trying to hold the system together” move.
via QE 3 Ain’t Coming Unless One of These Two Items Happen | ZeroHedge.
I would suggest given the recent consumer confidence print (and that was BEFORE Irene put a crimp on Mid Atlantic and New England economic activity) and the August Fed meeting release notes, QE3 is a given its only a question of how much and in what form.