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The FED didn't stop QE. They only reduced it slightly. If you really want a test, stop it completely COLD TURKEY and see what the market's reaction will be. The reduction was a drop in the bucket, imo.
Yup.
Because giving $85 and now $75 billion dollars per month to Wall Street is such a leftwing program. I thought the leftwing wanted Wall Street taxed and regulated to death? Ben Bernanke is a Republican FYI.
Because giving $85 and now $75 billion dollars per month to Wall Street is such a leftwing program. I thought the leftwing wanted Wall Street taxed and regulated to death? Ben Bernanke is a Republican FYI.
Never has political affiliation been more irrelevant than in the case of Ben Bernanke.
You can make the argument that it actually IS a leftwing program. Because the Dodd-Frank bill is exactly how this loophole and shadow banking industry got even MORE opaque than it already has been. They cannot facilitate credit expansion through conventional channels anymore...
You know what they say... "Restraint is the mother of creativity"...
Who is more creative at shafting the people than the Fed? Thanks for the TIGHT RESTRAINTS Democracks!
Because giving $85 and now $75 billion dollars per month to Wall Street is such a leftwing program. I thought the leftwing wanted Wall Street taxed and regulated to death? Ben Bernanke is a Republican FYI.
No Bernanke is a moron that oversaw one of the biggest financial messes this country has ever been through and then was allowed to make it worse.
So? "it was down graded by 10 billion" - and the markets shot up to a NEW RECORD.
The stock market is NOT dependent upon QE.
Does QE have psychological affect on the market?
Sure - like lots of things do.
But the idea that the only thing propelling the market is QE is reallllllllly stoooooopid.
Ken
Because the majority of the Q.E. CONTINUED unabated, interest rates remain in the gutter so the money supply is cheap etc.
Never has political affiliation been more irrelevant than in the case of Ben Bernanke.
Sorry. You don't get to pick-and-choose party affiliation as deemed fit.
Classic "no true Scotsman" fallacy.
And if anyone's portfolio reflects politics w/o understanding global markets, you have no business investing.
Like - at all.
Kinda cute you guys actually think finances are as simple as party affiliations.
Extremely naive - but oh so cute.
Sorry. You don't get to pick-and-choose party affiliation as deemed fit.
Classic "no true Scotsman" fallacy.
And if anyone's portfolio reflects politics w/o understanding global markets, you have no business investing.
Like - at all.
Kinda cute you guys actually think finances are as simple as party affiliations.
Extremely naive - but oh so cute.
I don't know what you are talking about....you are strawmanning.
Never has political affiliation been more irrelevant than in the case of Ben Bernanke.
You can make the argument that it actually IS a leftwing program. Because the Dodd-Frank bill is exactly how this loophole and shadow banking industry got even MORE opaque than it already has been. They cannot facilitate credit expansion through conventional channels anymore...
You know what they say... "Restraint is the mother of creativity"...
Who is more creative at shafting the people than the Fed? Thanks for the TIGHT RESTRAINTS Democracks!
Where do you get this? The Fed has never in history been more politically motivated than it is today. Are you honestly saying Bernanke is more non-partisan than someone like Volcker?
quote:
Following his inconvenient truthiness yesterday, Andrew Huszar appeared on Bloomberg TV today (having dismissed the comic-book-written discussion he faced in CNBC's Fast Money yesterday). As usual Bloomberg gave him more time to speak, listened, and challenged some of what he said, but we were struck by the man-who-ran-the-Fed's-mortgage-book's points that "we are eerily similar to 2008." Simply out, he implores, "the structure of our economy has not changed," and his apology (on behalf of the Fed), is because the Fed "helped squander an opportunity to see change in America."
Yep, The Federal Reserve squandered any chance of change in our economy. By bailing out corrupt institutions that people don't even trust anymore they've kept the power and manipulation mechanisms in place. The show goes on-and the self-deemed "Too Big to Fail" Banks are now more powerful than ever before and control even more of our economy.
Meanwhile, after TRILLIONS upon TRILLIONS spent to keep this house of cards taped together, it proves everyday that direct consumer bailouts to the American people would've been the best thing in order to build an organic and honest economy.
Because giving $85 and now $75 billion dollars per month to Wall Street is such a leftwing program. I thought the leftwing wanted Wall Street taxed and regulated to death? Ben Bernanke is a Republican FYI.
So, this is just one big Republican money scam?
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