Did Ben Bernanke’s Quantitative Easing Just Get Pushed Back?
Courtesy of Gregory White of Business Insider
Goldman’s Jan Hatzius has been projecting imminent QE (by November) for some time.
But his logic may have been exploded today
Goldman Sachs expects this to happen soon given the weakness in the U.S. economy as a result of lower business inventory accumulation and a fading fiscal stimulus.
Jamie Coleman at ForexLive points out that business inventories just showed their biggest gains in 2 years. So that’s one puzzle piece not in place.