QE3 Coming? $100 for a Loaf of Bread? $75 for a Cup of Coffee?
Of course we jest with that headline. Last year’s release of QE2 did not cause inflation, it is simply that prices throughout the world started to rise outrageously at the same time it came out, despite a consumer price inflation measurement of 2 percent.So there is no reason to worry about the same thing happening next time around.
Besides, the consensus among market mavens is that QE3 is not going to happen anytime soon, if it were not already on its way despite the fact it might already be here.
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