QE III in the making

GAME ON: The Best Fed Source In The World Says QEIII Is Now On The Table

Joe Weisenthal|Jun. 5, 2012, 7:06 PM|11,560|41

• The WSJ's Jon Hilsenrath -- whom Cardiff Garcia has dubbed "Fedwire" -- reports that more Fed action is now officially on the table due to the slew of weak incoming data.

There's no gaurantee that it will happen, or that if it did happen it would be at the June 20 meeting, but the presses are being warmed up.

Read more: http://www.businessinsider.com/game-on-the-best-fed-source-in-the-world-says-qeiii-is-now-on-the-table-2012-6#ixzz1x8huaFKo

Comment: Of course, QE III will come. In as much as QE I and QE II did not work, so the logic says, a QE III will be needed. Modern central banking: arrogance without substance, power without restraint.