The QE3 parameters will likely entail a six-month program of at least $500 billion, primarily focused on buying Treasurys, UBS predicts...UBS: Bernanke Will Unleash QE3 This Week
$500B looks unnecessarily parsimonious to me. I mean, yanno, it's almost as if the UBS were calculating with a Mayan calendar.
This reminds me of the high bets on the short euro a few months ago...I know I played it and lost.
When everyone agrees on a timing question I am cautious. QE will come unlimited, but on its own schedule....Be wary is all I am saying.
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