| Submit your comments on this article |
| Economy |
| Operation Twist, Fed's latest recover scheme boosts USD |
| 2011-09-22 |
| Posted by:Besoeker |
| #4 Every commodity quoted on Bloomberg was down. Copper down 8% Which is pointing to recession. |
| Posted by: phil_b 2011-09-22 17:21 |
| #3 The Dow Jones Induatrial Average dropped 400 points thus far today, and world markets -- whatever that means -- dropped 4%. Granted, markets have been pretty touchy, so perhaps this isn't anything more than that. |
| Posted by: trailing wife 2011-09-22 13:59 |
| #2 If you look at the daily yield curve, you can see that QE3 is doing about what it was expected to do. Yesterday, the 1 yield T-instrument was yielding 0.09%; today it is at 0.11% while the 30 year went from 3.2% to 3.03%. The dollar rose against other currencies. In the grand scheme of things, this isn't enough to get really worked up about. Banks will have to work a bit harder to make income (instead of living fat on the yield curve). Gold and oil will decline slightly (as opposed to QE2 which basically raised the price of gold and oil). |
| Posted by: Lord Garth 2011-09-22 11:24 |
| #1 and stocks are tanking. DJIA to open down 231 |
| Posted by: Frank G 2011-09-22 08:23 |