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Unlimited backdoor bailouts and idiots of all stripes but mostly 0bama boot lickers cheer!!!
The banks get to sell all their crappy mortgages to the FED, Yea!!!
Rates are at all time lows already, driving them lower at a huge expense wont help anything...
The fact that Europe is engaged in the same thing means that despite all the BS about how great the economy is doing things are likely very close to collapsing...
I wonder how long it will take for Bailout Ben to start buying Muni debt from bankrupt Communist states like California and Illannoy???
Responsibility and competence, doing the right thing, saving ect. BAD BAD BAD!!!
Where are the ratings agencies??? They should immediately downgrade this Ponzi sham Government...
Two years after the 'summer of recovery' we stand on the brink.
The government will soon reverse Roe v Wade and abortion policy to ensure an endless crop of indentutred taxpayers yet to be born. We are saved and we can thank obama, the community organizer and his tax cheat sec of the treasury.
QE3 is awful, I was hoping for a sustained recession.
You'll get that for which you hope. Oil is back over $100/barrel since Bernake's announcement yesterday. This will continue to drive up the prices of food, getting to work, etc... .
Economist Anthony Randazzo of the Reason Foundation wrote that QE “is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality.”
There won't be more jobs, instead there will be more mergers and acquisitions, more redundancy, more lay-offs.
There is no inflation because the banks are sitting on 1.5 trillion reserves and are not willing to release it out. The low rates actually cuts into the banks profits. When they release the money in form of loans, people will increase spending and 'feel' wealthier, and that's when inflation kicks in.
Huh? 1.5 trillion X 0 is still 0.
maybe you could tell me exactly what a dollar is worth? But i doubt it.....
You'll get that for which you hope. Oil is back over $100/barrel since Bernake's announcement yesterday. This will continue to drive up the prices of food, getting to work, etc... .
Buy oil. Buy gold. And most people need to cut down on the food intake anyway. Surely you don't listen to old "Gloom and Doom", do you?
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Mayfair Economy........look it up.
