Earlier this week, I happened to glance over at the calendar sitting on my desk. I often lose track of the days… it’s a common malady among writers. So imagine my surprise when I saw what month it was.
It’s March already? When did that happen?
Ah March… Springtime… The NCAA Basketball Tournament… Spring Training!
And of course, we’re just three months away from the end of QE2.
We’ve grown used to the idea of quantitative easing by now. The Fed’s just been there in the background, quietly pumping billions of dollars into the economy. It’s been a comforting backdrop for months now, like an old sweater in our closet… it’s there when we need it.
But just as the weather heats up in June, the economy may be seeing a burst of frigid headwinds. And this time we won’t have that old sweater to keep us warm.
Should we be worried? Read more…