Monday, September 27, 2010

QE2 'myth' may hurt oil market

OIL&GAS Journal
Sam Fletche
Senior Writer
"A “general Wall Street myth” that a second round of “quantitative easing” of the economy (QE2) should prove bullish for oil through the lower dollar index may prove bearish instead. QE1 was the Federal Reserve Bank's unprecedented purchase of debt to prop up the housing market and credit facilities for big banks."
http://bit.ly/9L86iv