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When January hits we will still be at $75,000,000,000.00 in QE economic stimulus for that month.
We will surpass $4,000,000,000,000.00 in QE economic stimulus on the Fed Balance sheet. It seems as if Ken wants to argue that we have done all of this for no effect as it had no impact on anything.
I understand that. It starts to cool in January, but doesn't end abruptly. But Bernanke assured them it was still hot, until then. Dinner time! I'm saying, why would it drop. Common sense says it is going to boom.
Wall street bankers have been given the green light, to hoard the created money. Then they don't loan that money, they can't make crap on 3% interest. They make a load, using free money, by loading it back into their stocks. The top 1% benefits, not the middle class, that pays for inflated pricing while taking the hit.
When January hits we will still be at $75,000,000,000.00 in QE economic stimulus for that month.
We will surpass $4,000,000,000,000.00 in QE economic stimulus on the Fed Balance sheet. It seems as if Ken wants to argue that we have done all of this for no effect as it had no impact on anything.
Again, see - it's ALWAYS the "absolutes" with you folks. When did I EVER claim QE has had "no affect" or "no impact on anything"?
QE has helped the economy (I've never denied that) - and thus indirectly the stock market, but again the affect was INDIRECT because it helped the economy overall while it's been still fragile. But "still fragile" is NOT the same thing as "not recovering', nor is "helping" the economy the same thing as being "the sole support" for the economy.
That's the difference between a wingnut and someone with a balanced, common sense approach based on past events - I can recognize that something can help the economy without somehow jumping to the crazy conclusion that it's ONLY THING SUPPORTING the economy.
QE has - and continues - to help both the economy and thus indirectly the stock market, but it's not the ONLY thing supporting the economy, so a slow and measured reduction and eventual elimination of QE is both a prudent and sensible thing to occure as the economy gradually gains strength - which is EXACTLY what has been happening and thus QE is in the process of beginning to be pared back and wound down.
Ken
Last edited by LordBalfor; 12-18-2013 at 10:35 PM..
Again with the stoooooopid "doom and gloom" nonsense.
LOL
Ken
You're basically admitting it's happening...
Instead of Ben evacuating his colons contents all over the floor you are basically justifying his "slow, easing out of his bowels remnants non-chalantly down his leg"
Instead of Ben evacuating his colons contents all over the floor you are basically justifying his "slow, easing out of his bowels remnants non-chalantly down his leg"
Admitting WHAT is happening?
Admitting that QE will be pared down slowly?
Of course, so what?
I never expected anything else, QE will end slowly just like interest rates will be raised slowly - that's the way the FED ALWAYS operates.
What's your point?
But..but...but it is. If things are so great, why not stop all QE and not just drop it from $85B to $75B?
I wonder if the Bots' arms ever get tired from shaking those pom-poms.
Obama, Obama, he's our man....if he can't do it, no one can!
Again with the really stooooopid "absolutes" from you wingnut types. You folks are such drama queens - if the economy is not horrible then obviously it must be "great". It's like you folks are manic-depressives or something.
You folks never seem to be able to grasp the concept of "in between".
WHO ever said the economy was "great"?
It IS however HEALING - so it's time to BEGIN tapering - which is what they are DOING.
Admitting WHAT is happening?
Admitting that QE will be pared down slowly?
Of course, so what?
I never expected anything else, QE will end slowly just like interest rates will be raised slowly - that's the way the FED ALWAYS operates.
What's your point?
Ken
So you see nothing wrong with the Federal Reserve's balance sheet adding $4 TRILLION in a mere matter of a couple years in what is essentially money created out of thin air backed by toxic assets?
I can think of so many better ways that our nation could've spent $4 Trillion in order to help the economy-namely repairing and building infrastructure which would've also create tons of jobs.
Last edited by 2e1m5a; 12-19-2013 at 12:01 AM..
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