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Posted
  On 11/30/2011 at 1:22 AM, TPS said:

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!

  • 1 year later...
Posted

Got bored so I started browsing some old threads.

Meazza owes us an avatar change:

 

 

  On 11/29/2011 at 4:54 AM, /dev/null said:

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

 

All Glory to The Benbernank :worthy:

  On 11/29/2011 at 5:22 AM, meazza said:

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

  On 11/30/2011 at 1:18 AM, /dev/null said:

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

  On 11/30/2011 at 3:10 AM, meazza said:

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

  On 11/30/2011 at 6:58 PM, /dev/null said:

Sure

 

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

Posted
  On 1/23/2013 at 10:46 PM, /dev/null said:

Got bored so I started browsing some old threads.

Meazza owes us an avatar change:

 

I never shook your hand.

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