QE3 is spurring a huge rush into the stock market to help insure Wall Street’s bonuses. Europe, Japan and China are joining in the fun. Infinite QE guarantees increased gold prices. Miners are also benefitting from these ceaselessirresponsible monetary moves. Increased stock market prices and perhaps even new highs in the indexes are virtually assured. Escalator Ben has dumped tons of money on the casino floor, which will result in yet more market gambling. QE1 and QE2 failed, does he really believe that QE3 can succeed? This is simply doubling down on failure, and sacrificing the world financial system in the process.
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