Modest gains in equities are likely
Manufacturing activity continues to expand, consumer spending positive
Minutes reveal increased concern for conditions in the U.S. housing market
Fed’s quantitative easing is the only way to offset the unintentional fiscal tightening that is occurring
U.S. economy is slowing digging itself out of a deep hole
Liang named director
Will buy US$600 billion of long-term government bonds
Fed expected to announce ‘QE2’ on Wednesday
Risk of deflation is higher than desirable
Bank of Canada to move to the sidelines for the next few months