Well wrong on the QE announcement, but it is targeted and at the right sector which is housing.
So there is a practical side to this mess. Still holding positions my stop is above 1.30 and this may not get there.
This QE might actually do something for the economy.
This is not inflationary but will allow the banks to liquidate the shadow inventory. Supportive of the one sector that has the ability to affect the domestic economy.
So there is a practical side to this mess. Still holding positions my stop is above 1.30 and this may not get there.
This QE might actually do something for the economy.
This is not inflationary but will allow the banks to liquidate the shadow inventory. Supportive of the one sector that has the ability to affect the domestic economy.