Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen.

Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of quantitative easing is on its way. Last time we saw $600 billion in U.S. Treasuries be purchased. Who knows what we will see this time?