QE3

I think a few of us have been calling this for the past 2+ years. The economy wouldn't be doing good so the FED will pump right before the election.

http://blogs.wsj.com/economics/2012/09/13/live-blog-fed-decision-and-bernanke-press-conference-2/

 

Jesus, we're monetizing even more of our debt.

We all became poorer today.

 

1/2 trillion dollars per year. no cap on this.

but the economy is recovering!

 

This "recovery" is like cotton candy. Fluffy, but all sugar and no density.

 

we're just creating an enormous bubble right now.

 

with the drought this summer and the inflation from these "stimuli", food is going to skyrocket in the next year

 

It's already been skyrocketing.

{Poasted via palm pilot}

 

well, this just gave it more fuel, to infinity and beyond

 

...vote Ron Paul -- end the Fed!

 

http://sportstwo.com/threads/178887-Bernanke-s-Quantitative-Easing-and-Rising-Food-Prices

 

It will pump up the DOW in the short term, which is the only positive he can have on the economy. He'll use that in the debates as his defense.

 

is this basically just another bank bailout to get toxic mortgages that banks are holding off their balance sheet?

 

QE2 isn't much bigger than similar efforts from Ancient Egypt.

 

Maybe you did. Sorry to hear your life revolves solely around counting money, which isn't even a real thing.

I had a tremendously nice day with my wife, barbecued burgers and watched "Snatch". Another very "rich" experience for me in the "bankbook of life". I'm "wealthier" than Bill Gates will ever be.

 

That's absurd.