Mohamed El-Erian : QE3 not likely QE2 was a bad idea

Pimco CEO Mohamed El-Erian :.... I doubt there will be a QE3 I am not saying it's impossible but I doubt there will be a QE3 , the economic argument for Qe3 is weaker the US is slowly healing , secondly the political argument has to be taken into account society is nervous when an unelected body starts acting as a fiscal agency and that what QE2 is so there is a limit to how often you can do it and thirdly Chairman Bernanke was very clear in his august statement in Jackson Hall which really was the introduction to QE2 he said there are benefits costs an risks in PINCO's language we say well collateral damage unintended consequences ...





.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.