Dollar Soars vs. All Major Currencies Following FOMC No Hint of QE3; Looking Ahead, What’s Next?
“I have read countless articles recently regarding the inevitability of QE3. I have disagreed for four reasons.
Price of oil near $100 give Fed little choice
Rising price of food gives Fed little choice
Stock market has risen on air and hype of European bailout giving Fed little reason
Falling unemployment rate (even though it’s totally bogus) gives Fed little reason
Why should the Fed react when hot air from Europe gave a huge lift to the markets?”