Bernanke will continue operation twist,but will take no further new steps and if labour continues to decline will consider additional steps at the Sept 12/13 meeting.Very predictable ,I would say.
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1.Over the next couple of days both Europe and American reserve banks will decide what they might do to prevent their economies from sliding into another recession.They are likely to disappoint the market as what ever they do it will be deemed too little too late! How ever I feel the recovery continues slowly world wide.Rash actions by reserve banks to bolster economies,usually makes the private sector lazy and then they demand more and more as they do less themselves.Printing money with out backing is an eventual road to disaster.