I was on BNN’s Headline with Howard Green yesterday talking about the Fed’s QE program. I said that QE would be tapered and I believe it will likely end at the end of this year if the economy does not slip into recession. This is the timetable I felt was likely when I last spoke to BNN about QE a couple of months ago when commenting on Bill Gross’ view that QE would last through at least 2013.
See the video clip here.
Today we got confirmation that this view is accurate via the Fed minutes. Tim Duy has the details here.
[Content protected for Gold members only]
If this economy turns down in a nasty way and the housing market is compromised due to the goings on at the FHA and the credit markets are savaged due to whiplash from excess leverage, we will have no one to blame but ourselves. We thought easy money could ease the pain of the crisis and so we chose the path we are on, and we knew what the consequences would be if it didn’t work.
More About: bailout, Commentary, Federal Reserve, Housing, media watch, monetary policy, prediction, quantitative easingThe most in-depth research and analysis is on Credit Writedowns Pro, now with big discounts for regular readers. Contact us for info.
QE will end this year after tapering off in June originally appeared on Credit Writedowns
Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1