US Credit Downgraded Again - QE3 Cited as Reason

dumbass

leftie

I am a leftie on many issues. Whereas you're a dumbass in every way.

snick

I am a leftie on many issues. Whereas you're a dumbass in every way. Originally Posted by CuteOldGuy

when I hand you your ass, I'm a dumbass ...... every fukn time.

snick snick

Congress has no control over the Fed, dumbass. That's why we need the audit you oppose. Originally Posted by CuteOldGuy

They can repeal or amend the Federal Reserve Act of 1913, anytime they want.

That is true. They should do it now.

Here's a pretty good short article on how QE is far more likely to benefit those of us who can afford the P4P world than households of modest means struggling to buy things such as food and gasoline.

http://www.cnbc.com//id/49031991

Policies that boost the values, in dollar terms, of almost all types of what we usually refer to as "risk assets" (including equities, energy, commodities, etc.) are likely to create a bonanza for wise investors, traders, and many of the rest in the top few percentage points of the income and wealth strata -- but a burden to everyone else.

What is sad is that many people will point at the stock market increases and think this is a success.

when a prez gives tax cuts to the top 2% its a good thing

when the fed makes a move that props up the top 2% its a bad thing

Imagine that, you start printing money around the clock with no end in sight and nothing to back it with and people get the strange idea that it isn't going to be worth much. . .

I've always refrained from the kind of name calling the left does but I've had it, these people are simply stupid. Originally Posted by Iaintliein

Glad you are back bro.

What is sad is that many people will point at the stock market increases and think this is a success. Originally Posted by Laz

Indeed.

The problem now is that with so many distortions and so much market artificiality, investors no longer have a very good fix on what various asset classes are really worth. What happens when apparently never-ending QE finally has to be wound down, and when interest rates eventually begin to "normalize?"

when a prez gives tax cuts to the top 2% its a good thing

when the fed makes a move that props up the top 2% its a bad thing Originally Posted by CJ7

The key difference is that when taxes were cut (both in the 1980s and in recent years), most of the benefits in terms of aggregate dollars went to the non-affluent, not the top two percent.

That's clearly not the case with QE.

the key difference is the Cowboy cheerleaders are on CMT later

Anybody check the latest inflation reports.
It is getting more difficult to deny and even more difficult to hide.

the key difference is the Cowboy cheerleaders are on CMT later Originally Posted by CJ7

Hey, that's the sort of program I can get behind!