video transcript

I'm guessing that what we know when he -- sees QE3. I suspect rather while we're gonna be so convinced that it's week's existing policy may be extending -- How long we're gonna keep glide -- for. I think the idea that we're gonna look for QE3. Tickets Tomlin got high commodity prices I find difficult to -- to really justify. He agreed date but so we see going to be shocked -- he's going to be I would suggest -- a negative for the dollar. I don't think that Bernanke is gonna announce it directly to measure is I think you moved used to -- broader picture off the trend in monetary policy. The cries responds. And we actually don't think that it will be Q3 we think that did we might get stronger guidance from the fat. Maybe -- regards to extend the period. In which the Fed is not intended to increase interest rates longer may be mean to cut 2015. He may were announced that another another version of Operation Twist which the Federal Reserve employees. A little while ago and I kinda still in the process of and poignant moments but it's I think QE3 being announced in Jackson Hole is is a long shot. He's more likely to -- very positive about the security -- and its strategy and continue to support expectations that we will get. He -- another round of quantitative easing in the US. But. I don't think that that he will announce anything that's specific attacks and hope I think we do get announcement it will happen at the September infancy may. The problem is that he may have painted himself into a bit of a corner because if the expectations are of of QBI did they offer Friday. Then of course have you done to live you can time the market you -- up -- end up having to fulfill your own prophecy but I don't think. For Friday. A link to state -- economic data from the hosting market from industrial production orders and so on. But simply to positive for the Fed to announce you read the right now in addition to that we care of coming to the American. A presidential elections in November and FedEx and at this point given that it's not completely needed -- at the moment. And looks rather unlikely.