US OUTLOOK: Street is passing around Lombard St that
First Published Monday, 11th June 2012 06:05 pm - © 2012 MNI News MNI Fixed Income Bullet Points delivers real-time commentary in concise bullet point format. Learn more
US OUTLOOK: Street is passing around Lombard St Research piece
that says Fed QE would be inevitable if US fiscal cliff cuts
growth and "it seems unlikely monetary policy could fully offset"
fiscal tightening. Moreover, piece says "the only way to offset
the diminishing returns from QE would be to adopt more radical
versions of this policy."