As I predicted last night... Fed to launch QE3 by buying mortgage backed securities

The Fed said it would buy mortgage-backed securities at a pace of $40 billion per month.
http://stream.marketwatch.com/story/...27/SS-4-11598/

http://www.eccie.net/showthread.php?t=549273

What QE3?
Who's ignorant? Originally Posted by waverunner234

then you tell us about QE3 Mr has a Clue Originally Posted by CJ7

if you found it on the net and jim said it then its true !!

woohoo! Originally Posted by CJ7

What happened to all of that chatter from the peanut gallery!?!

God help the people on fixed incomes when the inevitable inflation comes.

God help the people on fixed incomes when the inevitable inflation comes. Originally Posted by Laz

+1

Gave the stock market a kick in the ass ...

God help the people on fixed incomes when the inevitable inflation comes. Originally Posted by Laz

God help us all, when the dollar isn't worth the paper it's printed on.

Ka-ching. I made a hefty sum today.

God help us all, when the dollar isn't worth the paper it's printed on. Originally Posted by joe bloe

Isn't that now? The rest of the world just hasn't fired us yet.

Isn't that now? The rest of the world just hasn't fired us yet. Originally Posted by LovingKayla

I think the house of cards will collapse when we have to roll over the national debt at substantially a higher interest rate.

We can barely carry sixteen trillion at two percent interest. When the debt goes to twenty trillion at ten percent interest, that's probably about the limit.

The higher debt, will cause higher interest rates, which will drive the debt even higher, which will drive the rate higher, lather rinse repeat. Game over.

I think the house of cards will collapse when we have to roll over the national debt at substantially a higher interest rate.

We can barely carry sixteen trillion at two percent interest. When the debt goes to twenty trillion at ten percent interest, that's probably about the limit.

The higher debt, will cause higher interest rates, which will drive the debt even higher, which will drive the rate higher, lather rinse repeat. Game over. Originally Posted by joe bloe

back to the Carter days?

I hope it is like the Carter days. It could be much worse.

If I remember correctly the interest payments on the debt are currently around 240 billion. Current interest rates are about 1 to 2% on T bills. What happens to the budget when the low interest rates are 8 to 10%. The current drastic budget cuts that are being objected to will be trivial. There won't be any money for social programs. we will be sending it to China as interest payments.

Isn't that now? The rest of the world just hasn't fired us yet. Originally Posted by LovingKayla

http://www.eccie.net/showthread.php?t=548595

China only hold about8 percent of our debt.
How much debt does SS hold?

Ka-ching. I made a hefty sum today. Wonderful, now it is worth less. Congratulations! Like winning a bidding war to a classic car and finding it has no engine.