The latest minutes from the Federal Open Market Committee reveal that finally the Federal Reserve recognizes that inflation will be tame for years to come. As I have been writing for years, I believe they have known that for a long time. I believe that they have been shadow boxing all this time to get people to fear inflation and to spur consumer purchasing.
The take-away is that the Federal Reserve is unlikely stop QE anytime soon. The citizens are still not protesting the bank in buyout of the country, so Bernanke is not feeling any populist uprising. Also, the Tea Party is still licking the wounds inflicted upon it by the media from the last government shutdown, so fiscal responsibility is still not rising in Washington. So, so I believe we can expect QE and money printing to continue for at least the next six months.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.