Can someone explain QE3 to me?

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Quote from denner:

Again, you are speaking in generalities. Have you checked to see how many houses are underwater in the US?

No, I am speaking in specifics.

The Fed is specifically targeting the maintenance of housing prices. That prices have fallen a bit and a percentage of homeowners are underwater is an ENORMOUS success, as by rights the housing market should have collapsed ENTIRELY, leaving virtually all mortgagers underwater. Which would have completely collapsed the financial sector.

That not everybody could be saved doesn't diminish the fact that huge numbers were in fact saved.

 

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Quote from denner:

Prices have declined significantly THROUGHOUT every iteration of QE.

They have not declined anywhere near as much, nor as fast, as they should have declined.

That is the success, and it's a huge one.

What you are doing is equivalent to complaining about walking away from a helicopter crash, because the pilot couldn't land the rotor-less helicopter softly enough.

 

[baggerlord]

Quote from Bob111:

yep..will you vote for a man who give you all that..right?

Dem and republicans both do that stuff and I vote 3rd party every election. I believe Obama is worst president ever fwiw. But you've got to make the best of your environment right?