There are reasons to believe that market action over the past 2 weeks will have a negative effect on consumer and business confidence. Reports are reflecting reduced spending trends by business leaders due to concern over the economic outlook.  Serious potential hazards seem to be omnipresent, ranging from the Eurozone debt crisis to a China hard-landing to a double-dip recession in the US.  The risk of a global downturn is rising by the day.  Continued deterioration will most likely result in the Fed instituting yet another QE experiment.  This article is meant to speculate on when the Fed may initiate QE3 and the program’s subsequent effects. View full article »