Following the Federal Reserve’s announcement of QE3 on Thursday, as shown on this chart from Seeking Alpha, stocks and commodities surged.

It’s an historic moment, says The Economist:

“Between the ECB’s action last week and the Fed’s today, the world’s two most important central banks are bringing unprecedented resolve to bear on economic growth. The world may one day look back and conclude the first half of September was either a turning point for the global economy, or the final nail in the coffin of the doctrine of central bank omnipotence.”

 

 

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