Forex Flash: QE3 expected by March 2012 - SocGen

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FXstreet.com (Barcelona) - According to its latest Multi Asset Portfolio Scenario/Strategy guide, Societe Generale believes that a combination of weak Q1 2012 GDP and softening inflation could push the Fed to another round of monetary expansion by March 2012.

"We expect the next round of QE to be concentrated on MBS purchases and be worth about $600bn over six to eight months. This would increase the Fed's securities portfolio from currently $2.65trn to $3.25trn by the end of 2012.sustained basis" they say, advicing to buy gold ahead of QE3 as money creation has a strong impact on prices.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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