Well, QE is dead.

That's the way the media is reporting it.

Unfortunately, it's probably dead just like the zombies in the walking dead because though

it may appear dead, it's going to be resurrected and it's going to be even more dangerous than

before it died.

You know, QE is dead, long live QE.

Unfortunately, of course, it can only live as long as there's support for it in the currency

markets.

Eventually, QE is going to die a very unnatural death.

But I was quite surprised by the statement from the Federal Reserve.

I had expected the Fed to at least acknowledge that the economic data had been softer than

they had thought and expressed some concern.

I also thought they might have made up some concern about inflation being lower and the

need to get inflation to be higher.

But if you actually read what the Fed produced their statement, this is probably the most

hawkish, the most bullish statement I've seen come out of the Federal Reserve.

I'll just read a little bit from that statement.

The committee judges that there has been a substantial improvement in the outlook for

the labor market since the inception of its current asset purchase program, substantial

improvement.

Moreover, the committee continues to see sufficient underlying strength in the broader

economy to support ongoing progress toward maximum employment in a context of price stability.

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