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A Reminder Of The EURUSD's Response To The Historic Announcement At 2:00 PM On March 18, 2009

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 12 Dec 11 8:56 AM | 88 view(s)
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Submitted by Tyler Durden on 12/11/2011 - 22:51 European Central Bank Global Economy Quantitative Easing

Zero Hedge has been lucky to have reported from the front lines on that historic day, March 18, 2009, when at precisely 2 pm the Fed formally expanded its LSAP program to include Treasuries, and more MBS, in what become formally known as Quantitative Easing (Episode 1). On that day, nearly three years ago (when gold was trading at $925) our commentary was the following: "Maybe one should really start buying stocks ahead of the uber-hyperinflation that will imminently ensue. We recommend wheelbarrow stocks.This is textbook back against the wall. But at least the stock market takes another crutch up." and of course: "Print, print, print... God help us."

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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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