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\f0\fs26 \cf0 Better brace for another round of economic stimulus.
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\f0\fs26 That seems to be the consensus after the late Fed board meeting.
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\f0\fs26 QE3 is a lock \'97 or is it? \'a0{\field{\*\fldinst{HYPERLINK "http://blogs.wsj.com/marketbeat/2012/08/22/qe3s-coming-in-september-no-doubt-unless-it-isnt/"}}{\fldrslt
\cf4 The Wall Street Journal says}} it\'92s definitely a maybe.
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\f0\b\fs26 \cf0 \'93The markets have arranged the latest grouping of tea leaves, and concluded
that September is it, definitely, without a doubt for more stimulus. Unless it isn\'92t.\'94
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\f0\fs26 \cf0 QE3 refers to the third round of central bank quantitative easing. Basically
creating money. \f1\fs24 \
\f0\fs26 So why do it? Markets have been flat, though near year highs.
\f1\fs24 \
\f0\fs26 Still, Europe and an uneasy pall over the U.S. economy have offset other positive
indicators. \f1\fs24 \
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\f0\fs26 \cf4 Fox Business notes}} \f0\fs26 , if QE3 happens, it appears it could
happen soon. \f1\fs24 \
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\f0\b\fs26 \cf0 \'93...very important stuff. The markets love it. The other point is, jobs
were better. Retail sales were better. inflation in check...\'94
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\f0\fs26 \cf0 And because of that, there are lots of naysayers to more easing.
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{\field{\*\fldinst{HYPERLINK "http://video.cnbc.com/gallery/?video=3000111015&play=1"}}{\fldrslt \f0\fs26 \cf4 One analyst tells CNBC}}
\f0\fs26 , all the other data can be positive, but if one figure stays negative, easing is
likely. \f1\fs24 \
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\f0\b\fs26 \cf0 \'93...I think it's being driven by the chairman. I think the unemployment
rate at 8.3%, zthat's upsetting to them. i keep looking at things like business capital
shipments, capital spending, industrial production, those two series don't argue for any additional
easing whatsoever.\'94 \f1\b0\fs24 \
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\f0\fs26 \cf0 Bernanke is likely to make his intentions known at Jackson Hole.
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{\field{\*\fldinst{HYPERLINK "http://www.investorplace.com/2012/08/qe3-odds-improve-after-fed-minutes-but/"}}{\fldrslt \f0\fs26 \cf4 But InvestorPlace says}}
\f0\fs26 , QE3 is no panacea. \'a0It indicates some serious lingering issues with an economy
that just can\'92t get fully recharged. \f1\fs24 \
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\f0\b\fs26 \cf0 \'93Investors shouldn\'92t lose sight of the fact that more QE is not
the cure-all for a weak recovery and high unemployment. \'a0If ultra-low interest rates
were the answer, the U.S. economy would be sprinting by now.\'94}