The economy is almost bad enough to be good again.
Federal Reserve chairman Ben Bernanke is getting closer to another bond buying binge, which may become known as QE3.
“There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,” he said today. Click here to read more from MarketWatch.
Every Quantitative Easing program, and just about every other measure, seems to be less-effective than the one that preceded it. Launching QE3 may juice the stock market, since Wall Street loves free money, but now much else.