Regardless, QE3 clearly was a boon for financial markets. Since the Fed announced a third round of quantitative easing in September 2012, the Dow has risen 26% while suffering no declines of 10% or more. The yield on the 10-year U.S. Treasury note has risen to a modest 2.284% and the price of Nymex crude-oil futures has tumbled 17%.
The question now is what comes next. The Dow fell after previous stimulus rounds amid weak global growth. Signs that Europe is struggling with deflation could hit stocks around the world in coming months, analysts say.
For now, the Fed will continue buying bonds only to replace maturing debt. Officials have made clear they don’t expect to resume full-scale stimulus soon. But they also have left the door open just in case.
PAR17:26:49 GMT - 10/29/2014
As housing market struggles, the rich are refinancing.
Maybe even Bernanke ?
Paris ib 15:28:46 GMT - 10/29/2014
"the volume of applications for home purchases is the lowest since August 1995".... so the lowest in a fairly long time.
QE has not 'helped' the economy. I remain of the view that the intent of QE was never to 'help' the economy but rather to ensure that the Government could roll over existing debt at extremely low levels of interest. That happened. Now bond yields are starting to creep higher (at the short end where it counts). The question is: now what?
I think we all know what the answer is to that and it's ugly.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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