That is a huge positive for oil prices and DRYS. Inflation here we come and commodities will continue to charge higher DRYS will be double digits when oil hits $120.
Here are the details:
Bernanke Doesn't Rule Out More Bond Buys: Report
Published: Friday, 3 Dec 2010 | 5:02 PM ET
Federal Reserve Chairman Ben Bernanke did not rule out further purchases of Treasury bonds beyond the $600 billion program announced last month, CBS television reported Bernanke as saying in an interview with 60 Minutes.
"He explains why the Fed announced its intention to buy $600 billion in Treasury securities, defending against charges the move will lead to inflation and not ruling out the purchase of more," the network said in a statement about the interview which took place on Tuesday this week.