Jim Sinclair’s Commentary

QE to Infinity!  Politics continually disgraces itself. ECB plans to keep purchasing government bonds is QE.  These are the same people that were attacking Bernanke only 3 weeks ago for his announcement of more QE 2. By the way, Bernanke never stopped. Is anyone out there still not in agreement with me regarding QE to Infinity?

If you agree with me then $1650 is in the bag. Believe me, it is!

ECB to keep purchasing govt. bonds

Sun Dec 5, 2010 11:22AM

The European Central Bank (ECB) says it will keep purchasing the government bonds of debt-ridden countries in a move to calm financial markets.

ECB President Jean-Claude Trichet said the bank will also maintain the status quo on injecting liquidity to troubled governments.

The remarks came after ECB reportedly started buying huge amounts of public debts of Ireland and Portugal to help ease tension on government bond markets.

The bank launched the controversial move in response to the Greek debt crisis in May. But some economists believe the program just provides a temporary solution.

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Jim Sinclair’s Commentary

Maybe they should begin posting the banks that aren’t in trouble to save space!

Posted: Dec. 11, 2010

Michigan’s problem banks

FREE PRESS STAFF

Bank ratings firm Bauer Financial considers these Michigan-based banks to be problematic, troubled or worse than troubled!

Source: BauerFinancial