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September 17, 2012

QE3 Is In, Our QE4 Prediction...

The Federal Reserve announced QE3 last week, but there is an interesting piece. The entire $40 billion per month expansion will be comprised of non-Treasury items. In my opinion, this leaves the door open for further Treasury purchases after the election. Our prediction is that QE4, if needed will take place in the spring of 2013 with expanded Treasury purchases.

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