Fed: QE Did Nothing For Economy (Congress, Sanders, dollar, election)

[Crossfire600]

Originally Posted by WaldoKitty

It did make the 1% who were already insanely rich, even more rich. The rest of us, marrow was sucked from our bones.

Agreed

[Vascodagama]

Originally Posted by Crossfire600

St. Louis Fed official: No evidence QE boosted economy

I disagree! It made the wealthy UBER, FILTHY WEALTHY!! In fact it created the largest income gap in history! Well done.. The really scary part is they have nothing left for the coming crash..

Sure they have something left ... they helped create a $600 Trillion time bomb that will explode this fall

[TrexDigit]

Originally Posted by WaldoKitty

It did make the 1% who were already insanely rich, even more rich. The rest of us, marrow was sucked from our bones.

That'll happen to unskilled / uninformed traders. Good luck.

[J.Thomas]

No it did something.

It made Bernanke a superstar

[2e1m5a]

Originally Posted by J.Thomas

No it did something.

It made Bernanke a superstar

LOL, what?

Bernanke went out like a thief in the night, handing the keys over to the first and only female to head the Federal Reserve, even though the train was wildly speeding off the tracks. It's probably to play into the subconscious sexism many in this country have when it comes to females and money/leadership.

This September is 7 years folks. Get ready.

[Frank DeForrest]

Artificial interest rates and money printing are pretty much all the fed has.
Was anyone expecting it to do something other than enrichen its friends in preferred sectors?
In fiat currency we trust lol

[pknopp]

Originally Posted by Hoonose

Of course it is, and everyone's affected differently. Those with the proper investment and foresight gained. With their home and/or stocks. A $10K account from 2009 might have gained another $10K. Someone with a $M account might have done a bit better.

That isn't the job of the government. It's great when the welfare comes your way it seems.

[pknopp]

Originally Posted by texdav

QE did what it set out to do provide liquidity for markets. Apparently European official think it did in late adoption of QE.

The money sat not moving. The government then paid the banks interest on that money just sitting doing nothing. We have to pay that interest.

The banks screwed up. We gave them trillions and then paid them again to just hold on to the money.

[pknopp]

Originally Posted by J.Thomas

No it did something.

It made Bernanke a superstar

History is not going to treat Bernanke very well.

[BentBow]

Originally Posted by Ih2puo

No no no.

There wasn't enough spending and printing. If there was more spending and printing things would work!

That is what the Weimar Republic thought and I suspect Zimbabwe thought the same......