Monday, September 24, 2012
Fed's Short Term QE3 Fix May Cause Economy's Long Term Demise
The go by the Fed may re-elect President Obama. The flood of fresh money expected will increase absolute estate and stock market prices and may constitute the illusion that American wealth is increasing and that the economy is indeed recovering. However, all that fresh money will also devalue the dollar and thereby increase the cost of oil and other dollar-denominated commodities, which costs will increase headwinds for the recovery. More information: click here to view more of this
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