Since the United States dollar remains the global reserve currency, the latest heroic efforts of Federal Reserve Chair Ben Bernanke matter globally. Truth is often stranger than fiction and the storyboard above is close to the present reality in the United States monetary system. Hoping to not fall into the trap of tightening monetary policy too soon, as his monetary forebears did in the Great Depression, Mr. Bernanke sprang into action with a long anticipated third round of quantitative easing (QE3).
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Canso October 2012 Market Observer
