---
title: "Easy Edition"
url: https://independentstockanalysis.com/easy-edition/
description: "Last night Australian rates were cut to 3.5% on China concerns, shares rallied as more cuts are expected. The Australian This morning the Bank of Canada…"
published: 2012-06-05
updated: 2012-06-05
---

# Easy Edition

Published 2012-06-05

Posted on

by

J.J. Butler

Last night Australian rates were cut to 3.5% on China concerns, shares rallied as more cuts are expected. [The Australian](http://www.theaustralian.com.au/business/markets/australian-sharemarket-rises-after-rba-cut/story-e6frg916-1226385097082) This morning the Bank of Canada held rates steady at 1%. [Financial Post](http://business.financialpost.com/2012/06/05/bank-of-canada-holds-rates-warns-on-global-outlook/)

Time for the Draghi and Bernanke puts? [Humble Student of the Markets](http://humblestudentofthemarkets.blogspot.com/2012/06/time-for-draghi-and-bernanke-puts.html) The time has come, Mr. Bernanke! [Sy Harding](http://seekingalpha.com/article/631991-the-time-has-come-mr-bernanke?source=email_alternative_energy_investing&ifp=0) Dennis Gartmans says 100% chance of further Fed easing at [CNBC](http://www.cnbc.com/id/47670043). Goldman, Morgan, and B of A all think it’s coming according to [Business Insider](http://www.businessinsider.com/deutsche-bank-joe-lavorgna-quantitative-easing-2012-6). Looks like the Europeans are having meetings, Fed heads have speeches with Bernanke testifying Thursday. Meanwhile, **government budget deficits approaching 10% of GDP are not enough, more is required to keep the deflation boogeyman at bay** on [Bloomberg](http://www.bloomberg.com/video/94115443-stiglitz-on-fed-policy-u-s-government-stimulus.html). Steve Liesman thinks somebody should create a $2 or $3 **trillion** fund at [CNBC](http://www.cnbc.com/id/47691602). The Fed’s Fisher questions the need for more action, but he doesn’t get to vote via [Reuters](http://www.reuters.com/article/2012/06/05/usa-fed-fisher-idUSL1E8H51WS20120605).

Greg Weldon on the *Solution Illusion* at [John Mauldin](http://www.johnmauldin.com/images/uploads/pdf/mwo060412.pdf).

Be careful out there. *Trillions* being bandied about by mainstream journalists? We don’t know the path ahead…