That’s what the decision to continue Quantitative Easing 3 (QE3), the purchase of 85 billion dollars of treasuries and mortgage backed securities a month, is an admission of. It is also a way of not causing Brazil and India’s currencies to crash out, which just the suggestion of a reduction of QE3 was causing. It … Continue reading Shorter Federal Reserve: The Economy Breathes Sort of OK if We Keep it On Life Support