Confirmation of the launch of QE3 by the US Fed appears to have marked at least a temporary peak in many commodity prices, with the focus quickly returning to the underlying weaknesses in economic and financial conditions that made the additional stimulus necessary in the first place. The fading euphoria may be a classic example of “buy the rumour, sell the fact”, but doubts about the effectiveness of repeated asset purchases are also growing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services