Great Expectations
Posted on September 28, 2012 at 17:57 PM EDT
“Hey! What gives?!” Investors want to know, “What happened to all of Mr. Bernanke’s money?” You’ll recall that, a couple of weeks ago, the central banking industry’s most famous beard announced that he would flood the markets with another round of quantitative easing, or “QE.” The Fed, under Famous Beard’s deft stewardship, would begin purchasing $40 billion “worth” of mortgage-backed securities per month until…well…until forever. The program is supposed to boost the stock market, increase [...] Great Expectations originally appeared in the Daily Reckoning . The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. ".