Market Update: No QE3 Should Soothe Investors

The financial world cheered when Bernanke announced QE3 until it works (which is essentially forever, because it never will work). Bruce Stewart, writing for the Winnipeg Free Press, is one of few who figured out QE for what it really is: A Beggar-Thy-Neighbor competitive currency debasement policy hoping to sink the US dollar. Not that QE would work anyway, but one problem for Bernanke, is most of the rest of the world is doing the same thing.

On Sept. 13, the Federal Reserve’s Federal Open Market Committee (FOMC) announced it will launch an open-ended third round of quantitative easing (QE3) to help spur economic growth and boost hiring. The move came days after the European Central Bank unveiled its own much-anticipated bond-buying program aimed at ameliorating the European debt crisis. The actions of the Fed and the ECB show that, four years after the financial crisis of 2008, central banks are firmly in charge of the global economic agenda.  

By Ed Liston: Federal Reserve Chairman Ben Bernanke delivered what the markets yearned for, another round of quantitative easing.At the end of its two-day meeting on Thursday, the Fed announced the launch of a new bond buying program. This is the third round of bond buying program that the Fed has implemented in its efforts to stimulate the U.S. economy. QE3, as the new bond buying program is popularly known as, is the Fed's most aggressive stimulus program since the financial crisis of 2009.

By Ananthan Thangavel: For the past month, markets have been obsessed with what, if any, actions Ben Bernanke and Co. will take to stimulate the economy. Especially after the Republicans essentially ruled fiscal stimulus dead, the market is desperate for some sort of monetary stimulus, even if it is only effective in psychology rather than function. The most sought-after Fed action would be a renewed round of quantitative easing, or QE3.

By Zecco: By Paul Quintaro On Friday, the Chairman of the Federal Reserve Ben Bernanke will give his annual Jackson Hole speech. Anticipation is running high that Bernanke will use the opportunity to present a new plan to boost the economy.

He will keep the pedal to the metal deep into 2013 WASHINGTON — Federal Reserve Chairman Ben Bernanke faces the first of two days of congressional testimony that will subject the Fed’s controversial bond-buying program to tough scrutiny and gauge his confidence in the resilience of the U.S. economy.

ByAndrea Bernasconi:Finally Big Ben dropped the much awaited third round of Quantitative Easing, hitting the markets on September 13. The investment community got what it was looking for, but will it be able to lift the stock market even more?To try to answer, let's see some details of the plan and compare it to what happened in the previous two occasions:

By Keith Springer: All eyes on Helicopter Ben.