Good morning! Now here???s an interesting chart. I have studied it for quite some time and am pretty sure that it is utter useless??? Nice to look at though

(source: http://www.businessinsider.com/stock-and-bond-valuations-have-entered-uncharted-territory-2012-9)

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QE3! Another $ 85 billion each month for the remainder of the year, plus a promise of more if the labour market (specifically mentioned) fails to recover???

?????????????????? http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

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???pushing the Fed balance sheet to new highs???

?????????????????? http://www.zerohedge.com/news/feds-balance-end-2013-4-trillion

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???and based on these actions, the Fed has raised its outlook

?????????????????? http://www.businessinsider.com/september-fomc-minutes-2012-9

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Some market reactions: stocks???

???the euro???

???gold..

???and inflation expectations all rose

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And some Economist??? reactions to top it all off???

?????????????????? http://blogs.wsj.com/economics/2012/09/13/economists-react-bold-shift-in-fed-policy/

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Tensions on the rise in the Japanese/Chinese waters???

?????????????????? http://www.ft.com/intl/cms/s/0/9dc65f62-fe11-11e1-9901-00144feabdc0.html

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The ECB is pushing Spain to accept the IMF-demands, according to the Dutch Financieele Dagblad

?????????????????? http://fd.nl/economie-politiek/758674-1209/ecb-dwingt-spanje-tot-acceptatie-imf-eisen

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And the Economist on the Dutch elections again

?????????????????? http://www.economist.com/node/21562989

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Sustainability of government debt in Spain and Italy by the ECB. Why is Spain going to grow above potential for 5 years and why is Italy doing so poorly????

?????????????????? http://www.ecb.int/pub/pdf/mobu/mb201209en.pdf

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