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Analysis: QE3 may do more harm than good
Date: 2011-07-27T08:34:11.080
Author: AAA Staff
Editor note: A fresh round of U.S. monetary easing may even do more harm than good for long-term investors as another flood of easy money into fast-growing emerging economies risks refueling oil and commodity price inflation, sapping consumption and growth.
Prospects for a third round of the Federal Reserve's quantitative easing program (QE3) grew this month after Chairman Ben Bernanke said the central bank was prepared to ease further if economic growth and inflation falter again.
Teaser:
The problem is that the winners being picked by Washington and Wall Street are the wrong winners. They are picking themselves instead of the American people.
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View original artilce: http://www.reuters.com/article/2011/07/27/us-investment-qe-idUSTRE76Q0VI20110727
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