The Hill: GOP lawmakers warn Bernanke against QE 3

08/26/11 by Alexander Bolton - House Republican lawmakers are warning Federal Reserve Chairman Ben Bernanke to refrain from another round of quantitative easing, which they say could accelerate inflation. ✧ Bernanke is scheduled to speak at a Fed conference in Jackson Hole, Wyo., today, Friday morning at 10 a.m. ✧ At the same conference last year, Bernanke launched the second round of the Fed’s treasury purchasing program, which became known as QE2. Read more at The Hill...

"Opposition to a third round of quantitative easing has spread beyond the Tea Party to establishment Republicans and even some Democrats."

UPDATE: Phew! Bernanke did NOT suggest another round of quantitative easing at this conference. --bc
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Financial Sense: "Must Read"

Financial Sense, Market Focus: Storm Watch

• CNS News, 6/3/2011 - China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills
  
• Bloomberg, 6/3/2011 - Moody’s May Cut U.S. [AAA Credit Rating] on Debt Limit Concern
  
• Bloomburg, 6/2/2011 - QE2 Failed to Boost U.S. Spending
  
• Financial Sense, 6/1/2011 - After the Dollar: What Comes Next? (Editorial by Peter D. Schiff)
  
• The Big Picture, 5/31/2011 - Its Official: Housing Double Dip is Here. Without artificial government stimulus, Housing is going lower.

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CNBC: Secret Walmart Survey Shows Inflation Already Here

11/11/2010 - There might not have been a second round of quantitative easing, if Federal Reserve Chairman Ben Bernanke shopped at Walmart. ∴ A new pricing survey of products sold at the world’s largest retailer [WMT 53.95 -0.18 (-0.33%)] showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate. Read more at CNBC...
(Hat tip: Glenn Beck 11/15) Read More......