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Old 06-29-2011, 10:06 PM
 
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QE2: Fed bond purchases end, leaving mixed legacy as economic recovery lags - The Washington Post

It will be very interesting to see what effect this has on the recovery. QE2 definitely staved off deflation and caused a stock market rally, but at the same time hurt recovery as inflation caused consumer spending to lag.

What do you guys think of QE2? And will its end be good, or bad for the recovery?
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Old 06-29-2011, 10:08 PM
 
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Originally Posted by juppiter View Post
QE2: Fed bond purchases end, leaving mixed legacy as economic recovery lags - The Washington Post

It will be very interesting to see what effect this has on the recovery. QE2 definitely staved off deflation and caused a stock market rally, but at the same time hurt recovery as inflation caused consumer spending to lag.

What do you guys think of QE2? And will its end be good, or bad for the recovery?
QE II was nothing but an under the table handout to foreign banks.
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Old 06-29-2011, 10:25 PM
 
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Originally Posted by KUchief25 View Post
QE II was nothing but an under the table handout to foreign banks.
Yeah this is actually a good and valid point IMO. Not necessarily a "handout" because it's money created out of thin air, but it's not what we needed to stimulate the domestic economy.
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Old 06-29-2011, 11:01 PM
 
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Originally Posted by juppiter View Post
Yeah this is actually a good and valid point IMO. Not necessarily a "handout" because it's money created out of thin air, but it's not what we needed to stimulate the domestic economy.
Well most of the money went to US owned foreign branches so it got its way back here. Basically a double down on TARP. Meanwhile the small banks were left high and dry again. These guys at the treasury are robbing the US blind. I wonder what Obama and Timmy's cut is??
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