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The Dollar Broke Lower?So Now What?

By Implode-Explode Heavy Industries

``Once Quantitative Easing-2 ends this coming June, the Treasury bond purchases will be extended indefinitely?call it QE-3. The amount of each month?s purchase of Treasury bonds by the Federal Reserve will be at least $75 billion?but don?t be surprised if it?s as high as $100 billion to $125 billion. Per month. This is the only way that the Federal Reserve and the Treasury department will be able to achieve their contradictory objectives of fully funding the Federal government?s debt, and maintaining low interest rates in order to ?stimulate lending?.''

Full post as published by Mortgage Lender Implode-o-Meter on March 21, 2011 (boomark / email).