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Goldman: The Fed Needs To Print $4 Trillion In New Money

By Implode-Explode Heavy Industries

``Hatzius pretty much says it all- suddenly the market will be "forced" to price in up to 4 times as much in additional monetary loosening from the "convention wisdom accepted" $1 trillion... existing fiscal and monetary intervention, and instead of closing 4% of the Taylor gap, the actual impact has been far less negligible, it means that... the Fed will not stop until it prints nearly ten trillion in incremental money beginning on November 3. ''

Full post as published by Mortgage Lender Implode-o-Meter on October 25, 2010 (boomark / email).