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Docking the Good Ship QE2

Now that we are in the year's second quarter, the end of the United States Federal Reserve's asset purchase program - dubbed quantitative easing two (QE2) - suddenly seems to be rushing toward us. The debate among market participants that remains unsettled is whether June 30th will in fact be the retirement of this form of monetary policy, or will it instead spawn an offspring for another period of time - QE3?