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Goldman’s Latest Boiler-Room Stock: America

It seems Jim O’Neill, the head of Goldman’s Asset Management department, is predicting that the United States stock market may go up “15 to 20 percent.” O’Neill apparently believes Ben Bernanke and the Federal Reserve will resort to another round of money-printing, and finally green-light the long-awaited “Qe3,” or third round of “Quantitative Easing.”

The QE programs involve the Fed printing hundreds of billions of dollars and pumping them into the marketplace, where they ostensibly stimulate the economy (although recent experience tells us that the money mostly ends up being swallowed by the financial services industry – but that’s another subject for another time). Anyway, Bernanke declined to go ahead with a third QE program in late 2011, but O’Neill apparently thinks we’ll get it in 2012.

Read more: http://www.rollingst…2#ixzz1ibwC8XUl

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