Guess Who Nailed the Exact $600 Billion Amount of QE2?

If you have been following mainstream media, all talk has been about QE2 being $500 billion. Marketwatch reported today:

The $600 billion purchase plan is slightly above the $500 billion expected by the market.

So where did this $600 billion number come from? EPJ Daily Alert readers know.

In the October 27 issue of the EPJ Daily Alert, I specifically mentioned $600 billion. Did you see $600 billion mentioned anywhere in MSM at all?  I wrote:

WSJ is reporting it is likely to be $500 billion over "several months"...

 I then quoted my source:

Under our baseline scenario, to which we assign a 60% probability, November FOMC meeting statement will announce a large-scale asset-purchase program (LSAP) of roughly US$600 billion.

Look, my source nailed it. The 60% probability was just to give the impression he doesn't have full access. He does.

But, most important, the source had much more to say. The rest of what he had to say is even more important for the future. I am going to review it all in the next issue of the EPJ Daily Alert. If you need to know what exactly is going on, you need to sign up for EPJ Daily Alert right now. What the Fed is up to will be all laid out. You can order the EPJ Daily Alert below:

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