The critical question all investors have to ask after QE3 is – will it work? And for that matter, will the European Central Bank's (ECB) bold plan to stimulate growth and bring down borrowing costs for debt-laden countries such as Spain and Italy work?
There are doubters out there and I can understand that, as some argue that the first two US stimulus packages – QE1 and QE2 – failed, so why believe in QE3? But as they say in the classics, this time is different!
Did I really say that? I know it’s a big mistake to come to this line, as there have been many celebrated failed experts who uttered this, but I'm prepared to gamble with it.