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You are here: Money Miscellaneous QE3 is already taking Place, look at the Federal Reserve's Balance Sheet

QE3 is already taking Place, look at the Federal Reserve's Balance Sheet

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We already have QE3. Get out the Federal Reserve's balance sheet. You'll see that they've been pumping up - you can see unadjusted M2 is going through the roof. Look at their balance sheet.

All sorts of assets are suddenly appearing on their balance sheet. Where did they come from? They didn't come from the Tooth Fairy, they came because they're in there buying in the market as fast as they can. There is QE3 already. They don't call it that but it's there.

(Jim Rogers in Reuters)

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