Can We Stand Another Round of QE?

I’ve written a fair amount about the evils of the federal government’s Quantitative Easing program on this blog. I wrote about it back in May and again just a couple of weeks ago. And now, according to a HousingWire.com story, a Goldman Sachs analysts is saying that another round may be likely.

The form this third round would take is likely to be traditional quantitative easing, according to Goldman analyst Jan Hatzius.

Other options are rate caps — in which the Fed promises to buy as many securities as needed to hit a longer-term target — a price level or nominal gross domestic product target — or interventions in nongovernment securities markets (which would need congressional funding). "Of these, conventional QE is very likely the option with the lowest hurdle and the first to be deployed," Hatzius concluded.

After the S&P downgrade and the massive selloff that started this week, Gold has skyrocketed in price as investors seek safe havens. The last time I checked it was at $1,800 per ounce.

It’s time more Americans woke up and started paying attention. I know a lot of people who feel bad about what’s going on with the economy, they feel uneasy about the steps the government is taking, but they don’t know why they feel that way. The more they watch the cable news networks, the more confused they become.

That’s because they are allowing the media to control what they think, instead of educating themselves and their children. This must change. Another round of QE might be what it takes to wake more Americans up. It’s not what our economy really needs.