Hopium Part II

US equities buyers should not bet on QE3 – FT.com.

This is a more level-headed article regarding the hopes of QE3. This article is from the Financial Times, which is more reliable than the WSJ. Since Murdoch took over the Journal, it has become more of a cheerleader for the business community rather than a review of business and economics. While this is bad for journalism, it may be good for business. People love hope, and when they see a headline pointing to more stimulus and higher asset prices, they will click and read.


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