Most people agree that yesterday’s jobs report was a disaster.
To many, this just meant the chances of more quantitative easing had increased. Surely, this is why gold prices spiked yesterday.
Vincent Reinhart, Morgan Stanley’s chief U.S. economist, thinks there’s an 80 percent chance that a new quantitative easing program is announced at the June 19-20 FOMC meeting.
“Slower employment growth, worsening strains in European markets, and a gloomier assessment of US politicians’ ability to steer clear [...]
