Fineco Worldwide – QE3 Would Be Utterly Pointless.

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<h1>Fineco Worldwide – QE3 Would Be Utterly Pointless.</h1><strong> Author: <a href='http://www.articleseen.com/profile_perfectpr.aspx'>perfectpr</a></strong><br /><p>Fineco Worldwide believes that an additional round of quantitative easing would do more harm than good. Jan Pesko Senior Vice President at “Fineco Worldwide” said that more money floating through the financial system would most likely find its way into assets like stocks and commodities rather than into the coffers of companies for growth initiatives and, subsequently, hiring unemployed Americans. “QE2 did virtually nothing in terms of helping Main Street. Only those owning assets like stocks and commodities did well but those on modest incomes have suffered as food and fuel prices have risen sharply,” said Mr. Pesko. Fineco Worldwide says it is not expecting the forthcoming statement from Fed Chairman Ben Bernanke at the Jackson Hole symposium to provide much in the way of insight as to what form any additional stimulus would take but they believe that it would involve buying US treasuries at the long end of the yield curve. "The odds of this type of cyclical recession are small. It is the debt issues in Europe and their effect on European bank balance sheets that is the problem. European banks hold of sovereign debt, if that debt gets restructured, weak banks will take losses and become weaker, maybe to the point that they have to raise cash on the open market." he added “Just because additional stimulus is a bad idea doesn’t mean the Federal Reserve won’t do it. They feel they have to be seen to be doing something in the face of dire economic data and a loss of confidence in the strength of the economic recovery,” said an “Fineco Worldwide” analyst. _________________________________________________________ Perfect PR is a multi- dimensional, multi location and multi function agency catering to the clients needs in various fields, including print and electronic media- Media Conferences, Events, Theme Parties, Dealers Meet, Product Launch, Media visits, News Releases, Seminars, Interactive Interviews and Media Monitoring etc. Perfect PR helps business concerns understand how, when and where to make their presence felt, so that their strengths are realized to their fullest potential. In short, our approach proves effective in developing the brand equity of our clients in key domains, such as the media, government, the world of business and finance, and the final consumer. We have retained both patronage and confidence of our esteemed clients.</p><strong>About the Author:</strong><br />http://www.fineco-worldwide.net<p> Article Source: <a href='http://www.articleseen.com/Article_Fineco-Worldwide-–-QE3-Would-Be-Utterly-Pointless_78690.aspx'> http://www.articleseen.com/Article_Fineco Worldwide – QE3 Would Be Utterly Pointless._78690.aspx</a></p>

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Category : Business : Business