Quote:
Originally Posted by EmeraldCityWanderer
Exactly, if the only things supporting your opinion is blind faith then there is nothing to discuss. Blind faith is not a tool to find actual truth, and isn't rational in the least. It's just people believe what they want to believe just because. There is no way to use rationality to disprove or argue what is believed in irrationally.
Especially when you keep moving the goal posts as you are pinned down. At first it was a lot of QE being used for real estate, then 10-80%, then it comes out that you can't prove even 1% goes to real estate. If you are willing to just make stuff up till you are pinned down then really anything you say doesn't matter because you are willing to be dishonest in championing your beliefs. Integrity is important to me, and I will no longer waste time with those that don't have it.
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The Fed has a Presidential mandate to keep markets from crashing.
Wall Street's Secret Society: The Plunge Protection Team (PPT) After sequestration the market started hitting record highs. The dead weight loss of sequestration should have put the economy into a big downwards spiral. The Fed has a presidential mandate to keep this from happening. For them not to have taken some kind of action they would have to have conspired to brake the law.
QE III contains the implicit promos that bad debts written to blow a new bubble will be made good. The Fed is buying the toxic trash from the last bubble and holding it to maturity. The Fed is buying up the fraud and making the criminals whole. With this comes the implied promos that they will do it again.
Housing bubble 2.0
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