Meanwhile at the FED

[zork]

Meanwhile at the FED: QE3 is ova.
The Link

The above is a look at how WSJ affiliated Economists opine on the subject. Very interesting to guess what comes next. Also, Greenspan says to buy gold?!?(not exactly) The Link

QE ends but now gold is the way to go? What does that mean?

 

[Musburger]

The past several years show that we now live in a centrally controlled economy where decisions are made by an entity unaccountable to the people (the FED) which serves the interests of Wall Street. Where do things go from here? I have no idea, but I do know this much; the general public will have no say in the matter and insiders will exploit whatever tactics are implemented. The FED controls the economy every bit as much as did the old Soviet Politburo and I have about as much faith in one as the other.

 

[giveemhell]

Contrary to popular belief, long term interest rates actually rose during QE1 and QE2, and fell at their conclusion (in each case over 100 basis points within a matter of months). And as the Fed tapered its QE3 throughout this past year, the yield on 30Y treasuries dropped 90 basis points, an almost perfect echo of what happened at the end of QE1 and QE2. Quantitative easing was never about lowering interest rates, but rather about injecting liquidity into the system and pumping up asset values (the stock market and real estate, primarily). It was the ultimate trickle-down economics, with Fed officials crossing their fingers and hoping that the “wealth effect” would magically put us back on the path to prosperity. We’ll see how long that lasts, now that the sugar high is gone.