Editor's note: The following is a guest perspective by Patrick F. Stone, president and CEO of Williston Financial Group, which is parent to WFG National Title Insurance Co. His contribution focuses on the Federal Reserve's announced plans for a new round of quantitative easing. By PATRICK F. STONE Below are some thoughts on the Federal Reserves's "Quantitative Easing 2" plan (or QE2): the reasoning, size, objective and outcome. Please understand that my comments are conjecture, and do not represent inside information or unique thinking. I have had a lot of conversations with economists and Wall Street players, and while there is a uniform belief as to the rationale behind easing, there is no consensus as to the size or outcome. I expect "Quantitative Easing 2" (or QE2) will be implemented on a "stepped in" basis: perhaps $300 billion to $500 billion initially, followed by additional commitments as necessary. The impact will be meaningful for r...
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