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You are paying twice as much for booze and a steak as you were in 2007. Also expect serving sizes to keep going down on all major products along with price increases.
We had approx 800billion in currency in circulation in 2007, now we have 2.88 billion.... I guess another 480billion won't hurt, right?
This will make the stock market and inflation go up. FYI
By contrast, now the U.S., British, Irish and Latvian governments have taken bad bank loans onto their national balance sheets, imposing a heavy burden on taxpayers – while letting bankers cash out with immense wealth. These “cash for trash” swaps have turned the mortgage crisis and general debt collapse into a fiscal problem. Shifting the new public bailout debts onto the non-financial economy threaten to increase the cost of living and doing business. This is the result of the economy’s failure to distinguish productive from unproductive loans and debts. It helps explain why nations now are facing financial austerity and debt peonage instead of the leisure economy promised so eagerly by technological optimists a century ago.
If it manage to tune inflation just right, it would favor debtors (like mortgage-holders) who would then have a larger portion of their income to use for consumption. This would up consumer confidence and the profits of businesses, and the increase in demand would spark hiring. IMO the Fed's been fighting deflation since 2008.
This isn't going to improve economy. Its to help numbers before election. Its a smoke screen.
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