RE: RE: RE: RE: 52 month low Technically true that the president does not preside over QE3. That is the federal reserve's department. However there are political forces at work during election years that curtail the feds ability to do its work. They do not want to appear to be affecting the political process and will avoid major proposals that work against the prsiding president. QE3 would just tend to create commodity inflation and any job creation that it would create would not be seen until after the election (debatable whether it works). The only chance that QE3 would be in effect prior to November elections would come if there was a contraction in the economy.
Right now the reduction in commodity prices have a natural stimulus effect that is far more effective than artificial stimulus. That is why I do not believe it is coming. On the positive side - lower commodity prices means increased econimic activity which leads to higher more sustainable commodity prices.