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QE3 and opportunities for investors
By SG Wealth Builder  •  September 19, 2012
Last week, the US Fed announced another round of money printing programme known as QE3. It was reported that US$40 billion of new money will be issued every month until the US jobs situation improves. Since 2008, the US government had purchased trillions worth of Treasury securities, hoping to revive the economy and stimulate job growth. However, the strategy doesn't seem to work and US unemployment remains stubbornly high at about 8%.
I am not surprised that the US Fed announced this QE3. This stimulus measure comes at a time when the US citizen is voting for a new president. President Obama's job is on the line, so he has to make a last-ditch attempt to win votes and placate the citizen's rising unhappiness over the persistenet high unemployment rate. But whether this third round of money printing will be effective is a big question mark. The previous two round of ...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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