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QEIII - $545 Billion


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So the Fed buys mortgages, which takes the banks off the hook, as home prices are still declining and defaults still rising; and banks get reserves that the Fed will pay interest on. I guess I'll refinance when the 30-year hits 3%...

 

Btw, it's been 3 years and a couple trillion of so-called money printing, so where's that big inflation?

It's called debt inflation. The Fed is trying to ease a huge cutback in public, private and govt spending. This is a ponzi that is supported by China's non-stop building of empty cities and Brazilian and India's growth. America had 10 of top 10 world investment banks in 2007 now we have only 4. We are only 20% of the worlds GDP.

Once this Chinese ponzi bubble bursts watch out!

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  • 1 year later...

Got bored so I started browsing some old threads.

Meazza owes us an avatar change:

 

 

http://www.bloomberg...ird-easing.html

 

All Glory to The Benbernank :worthy:

And if they don't will you shut the !@#$ up?

Don't you have quantum physics thesis to write or something?

Once again, if they don't will you shut the !@#$ up?

Sure

 

But if they do, you have to change your avatar to a pink background with white lettering: #1 Gay Porn Fan

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