Will annual trillion dollar Fed stimulus initiate significant appreciation for tangible wealth?
*Dow Theory Letters, by Richard Russell, January 4, 2013
What’s QE4 all about?
”Ben Bernanke continues to make history at the Federal Reserve. On Wednesday, the FOMC announced more quantitative easing at a rate of $85 billion a month for an extended period of time. The Bernanke Fed has also modified its guidance, noting its ultra-accommodative stance will remain in place until the unemployment rate falls below 6.5% and inflation projections remain no more than half a percentage point above 2% two years out.
Russell comment — And you wondered why selected tangible items have sky-rocketed”
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