China Growth Stocks

[cleezdeez]

QE3 - you're right about the effectiveness of it all, but to think elected officials and policymakers would be content to "bite the bullet" and endure a recession is absurd. Is it the right thing to do? probably, but that's not the road we're on -- far from it.

the tea party will whine and complain (what's new) and the GOP will distance themselves politically and people will talk about how the Fed is losing credibility and sparking inflation, but we know it's going to happen..it's Bernanke's M.O.

With that said, I still think gold is cheap, especially if you compare the price today with the global monetary base vs past periods. either QE3 doesn't happen and people flock to the safety of gold expecting negative beta as displayed today, or it does happen and people get the hell out of the dollar for commodities, including gold.