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700billion spread out over a number of years out of an economy that is 15.8T per year is a drop in the bucket. Thus why economists wanted more stimulus.
Obviously you understand this subject to a much greater degree than I do or most anybody here. I just don't think there is any getting through. Are you an economics BS, MS? I don't say this often, but I'm impressed and have learned quite a bit from you. Any suggestions on apropo reading on the matter?
I was an Econ minor. I could have had an Economics BS, but given the option of graduating early (and saving money) as a Political Science major and Economics minor vs graduating on time with a Political Science Major and Economics BS I chose the former.
I cannot think of any particular reading, aside from the generic stuff like Keynes, Smith, etc. Most of how we learned it was via the case study method.
They are simply controlling the supply of bonds. What do you think this implies?
“The shrinking amount of bonds in the market is lowering rates and not just benefiting the Treasury, but providing lower rates for private-sector decision-makers as well,” Zach Pandl, a senior interest-rate strategist in Minneapolis at Columbia Management Investment Advisers LLC, which oversees $340 billion, said in a Nov. 30 telephone interview. “The Fed is not creating this scarcity to help out the Treasury, it’s primarily to get the economy going.”
It implies what I stated and you laughed off. You don't know what your talking about. You read some nonsense about Krugman and think he knows everything so you rant on about how we need to spend more and more and more. Keep it up and you may get a job working for the Obama administration.
It implies what I stated and you laughed off. You don't know what your talking about. You read some nonsense about Krugman and think he knows everything so you rant on about how we need to spend more and more and more. Keep it up and you may get a job working for the Obama administration.
Your making absolutly no assertations, you are just claiming mine are wrong. You stated nothing, you just plopped a fact down on the table, claimed it was bad, and had no argument as to WHY it was bad. So what where you trying to say about how the FED is buying treasury bonds to keep rates low? What, are you trying to say that is a bad thing? What is your point? Oh yea, you don't have one.
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