Daily commentary: On QE3

This one's short today as I am running out of time. I posted earlier regarding Bill Gross' comments about the Fed doing a mortgage-backed QE3. There's nothing fundamentally off about this call. But we really aren't there yet as it is wholly dependent on the US economy. Right now the Fed is on cruise control until the economy breaks one way or another. That means they are committed to zero rates through 2014. Tim Duy's reading of events below makes sense to me because what he's saying is that the...


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