Is the fed buying gold?
The good news is that any easing won’t take effect for months. Too late to help The Disaster.
He is going down like the Titanic.
Yup, people tend to forget that when and if ever QE helps, it's always many months out, although Wall Street loves it immediately. Obama can claim on the campaign trail that this next round of QE has helped the Markets, but there will be NO indication of it helping main street until after the election. Of course it won't help.
So this is a non-starter for Bambi. It will simply hurt our dollars more, and possibly increase the cost of staples before the election, which WILL hurt him.
What Romney needs to drive home is not those who apply for unemployment insurance (now at 8.1%), but how many have given up looking for work and are underemployed and those who have RUN OUT OF UNEMPLOYMENT INSURANCE and dropped from Bureau of Labor roles! As I've said many times, there are only so companies that can downsize and most of that happened in the last two years. So there are fewer applicants at the local unemployment office as the result.
It's a tough sell since so many don't follow the employment stats like us political junkies, but with the right charts and rhetoric it will back Romney's question, "Are you better off now...". He needs to minimize those "applying" and concentrate on the above categories. Hell, I could do it and I'm an uneducated layman. Think Perot with his charts.