D reaction was a rise in d equity mkt with sectors like mortgage, utilities & a rise in gold because of expected self manufactured inflation dat comes with stimulation. While bond prices retreated; due to d fact dat prices will be left low & d fed hv no intention on lifting d lid on d rates soon. We are quick to forget dat wen cheap moni stimulates growth & d end product growth lies btwn d low boundaries (1.5-3% ).
Posted on: Wed, 18 Sep 2013 23:01:41 +0000