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Triangle Business Today

More stimulus could be coming

Posted July 13, 2011

The QE3 discussion is officially back on the table thanks to Mr. Bernanke and his testimony in Washington on Wednesday. While nothing has been confirmed or any details offered as to specifics, the markets took his rhetoric to heart – the Dow jumped over one hundred points and we saw a slight improvement in Treasury Yields Wednesday afternoon.

The disappointing unemployment number from last week also gave us some Treasury ammunition, pushing yields last Friday to below three percent again, likely one of the reasons that the Fed is even considering another potential round of stimulus sooner than later.

Bernanke's comments spur market Bernanke's comments spur market

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  • justiceforall Jul 14, 2011

    Stop spending my money! Unless you are giving me a check to cash, forget wasting money on banks, car manufacturers and all the others. It worked so well the last time you did it.

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.