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In economist David Rosenberg's view, QE3 is all but inevitable. With unemployment well above the...

In economist David Rosenberg's view, QE3 is all but inevitable. With unemployment well above the FOMC's year-end projection band of 8.6-8.9%, and higher still from its end-of-2012 projection of 7.8-8.2%, the Fed has no choice but to provide more stimulus. Rosenberg previously gave a 99% chance of a second recession happening.
Comments (6)
  • Having heard from Jim Rogers earlier, I was wondering when Rosenberg would show up. These guys only appear on panicky down days.
    11 Jul 2011, 05:34 PM Reply Like
  • havn't heard the Mr Doom & Gloom Roubini talked about double dip recession of late?
    shouldn't he be the most active among all given such gloomy macro econ these days?
    11 Jul 2011, 10:51 PM Reply Like
  • QE2 did little to nothing in creating new jobs. So yeah, why not use that fact as justification for a QE3 round? [roflol]
    11 Jul 2011, 07:06 PM Reply Like
  • I appreciate a good ROFLOL, but I'd appreciate it even more if you'd share your views on how to profit from it.
    I mean, that's why we're here on SA, isn't it?
    Long XOM, NOV, DIG? Short AAPL, TIF, COH?
    11 Jul 2011, 11:10 PM Reply Like
  • The definition of stupidity is repeating the same mistake while expecting a different result.

     

    QE2 was a failure, except for those who bet on it jamming commodities/inflation.

     

    If the primary justification for QE3 is jobs, it, too, will be a failure.

     

    The current source of the failure to create jobs is the bad, anti-business policies spewing from Obama and his ilk.
    11 Jul 2011, 07:50 PM Reply Like
  • I can't believe I am about to say this, forgive me Dave, but I disagree with you and hope you are wrong. Please understand me, I "AM" a long time fan/subscriber, but if we get any more QE, I don't see even Bernanke being so freakin stupid to embark on $200 oil, 15 gallon gas? No way do we get anymore debasement of our battle worn U.S. Dollar! I am looking fro the dollar to strengthen, you know Dave, deflation is all around us. I think Europe comes apart before we get any more QE.

     

    I pray I am right, but you can't avoid the ensuring depression , its all but certain.
    Trumka, Stern, and Obama, this socialist/progressive administration, are all but certain to cause it. Union Leaders are the number one visitor to the white house, Stern {SEIU} and now Trumka. The three stooges will get the rank and file 100% of nothing! This is math kids, pure and simple, no more bull crap! How about every union member in the country agree to a 50% give back of all their pay and benefits. We can avoid the depression, but it starts with the last statement happening. I would rather bet on a snowball lasting more than a minute in hell, I just don't see the union/membership willing to do what is needed for the country. That's why they will ultimately wind up with 100% of nothing! The s... ; Has hit the fan!
    Jerry
    11 Jul 2011, 09:59 PM Reply Like
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