"Satori Group"– Bernanke Gives Markets What They Want…
Paul Phares head of corporate trading believes that a fresh round of quantitative
easing from the US Federal Reserve is close to a certainty following a speech given by Chairman Ben Bernanke at the Jackson Hole summit.
The US economy has continued to slow as the effects of unprecedented monetary easing and fiscal stimulus have worn off and the firm argues that the Fed will add more freshly created money to the economy despite the serious risks of doing so.
"Satori Group" says that the US may be able to get away with such a course of action because the US dollar retains the status of the world's reserve currency but they warn that it could make America vulnerable to a sudden turn in sentiment in the bond markets.
"There appears to be little in the way of innovative thinking when it comes to dealing with the ongoing problem of over-indebtedness of Western nations", said a "Satori Group" source. "If the previous efforts have shown us anything, it is that printing and borrowing more and more money doesn't equate to durable economic recovery", the source concluded.
"Satori Group" continues to urge clients to acquire precious metals holdings on dips in the price.
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"Satori Group" Bernanke Gives Markets What They Want