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Old 06-17-2020, 06:13 PM
 
10,547 posts, read 4,580,802 times
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http://www.levyinstitute.org/pubs/wp_698.pdf

You're right. The first 2 stages were to support and save financials all over the world, and that is all history. Most of the $29T is done, but the third stage being QE is not over.

QE was primarily an interest rate lowering program.
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Old 06-17-2020, 06:41 PM
 
1,659 posts, read 384,594 times
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The problem is nobody knows what's at the end of the Fed rainbow. Could be a pot of gold. Could be Zimbabwe.
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Old 06-17-2020, 07:51 PM
 
10,547 posts, read 4,580,802 times
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Originally Posted by mathlete View Post

The problem is nobody knows what's at the end of the Fed rainbow. Could be a pot of gold. Could be Zimbabwe.
Too much of the world is dependent on the USD. And our broad middle class is far from flush with disposable income. The rich will continue to get richer. And how much the poor and middle class benefits will depend on the politics.
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Old 06-17-2020, 09:37 PM
 
5,099 posts, read 2,198,639 times
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Originally Posted by Taggerung View Post
America may not be a third world nation just yet, but we certainly have the finances of a third world nation. At this point, we're a banana republic masquerading as a superpower.
You don't have to be perfect. You just have to better than those around you.
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Old 06-17-2020, 10:15 PM
 
229 posts, read 51,840 times
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still the best house in a deteriorating neighborhood.
Didn't you hear what the good chairman said-Our treasury papers are still very much sought after by the rest of the world
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Old 06-17-2020, 10:16 PM
 
229 posts, read 51,840 times
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Quote:
Originally Posted by Hoonose View Post
Too much of the world is dependent on the USD. And our broad middle class is far from flush with disposable income. The rich will continue to get richer. And how much the poor and middle class benefits will depend on the politics.
sour grapes
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Old 06-17-2020, 11:02 PM
 
1,363 posts, read 343,482 times
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Quote:
Originally Posted by Taggerung View Post
America may not be a third world nation just yet, but we certainly have the finances of a third world nation. At this point, we're a banana republic masquerading as a superpower.

The one and only thing a central bank can do is issue debt. Yet, all economic crises are, fundamentally, debt crises. Trying to solve a debt crisis with more debt is like trying to extinguish a fire with gasoline.

What the Federal Reserve is doing has never worked for any nation in the history of man. I believe that the Fed is creating a currency crisis and sovereign debt crisis for the history books. We'll probably end up with the biggest currency and sovereign debt crisis in history.
This guy gets it.
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Old 06-18-2020, 05:42 AM
 
1,073 posts, read 212,960 times
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Well Trump did promise to make USA into a banana republic again. One difference, American debt currently is quite saleable. Look at how much of it China buys. Zimbabwe debt, not so popular. Before they switched to American dollars, think they were printing enormous denomination bank notes, one of which might buy you a loaf of bread. Most of their debt was from ruling class exporting any hard currency to their private Swiss bank accounts. Wonder if Trump has such accounts? Maybe thats reason he wont publish his tax returns.... or fact that his claimed billion is all smoke and mirrors and mega debt.


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Old 06-18-2020, 05:52 AM
 
9,610 posts, read 10,231,140 times
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Originally Posted by blahblahyoutoo View Post
This guy gets it.
Why don’t you explain how and why that guy gets it? I’d be really interested to hear what you think he gets in his second paragraph - of which the thesis is provably and laughably false. Go ahead give a try.
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Old 06-18-2020, 06:39 AM
 
3,548 posts, read 2,252,435 times
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Originally Posted by EDS_ View Post
Why don’t you explain how and why that guy gets it? I’d be really interested to hear what you think he gets in his second paragraph - of which the thesis is provably and laughably false. Go ahead give a try.
Are you sure that you want to see such a disaster put into print?
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