How much longer can Ben pump the markets with POMOs?

Quote from dtan1e:

QE is not for everyone if its for everyone then there's no point to QE then everyone ends up no better nor worse off, QE only benefits the companies that the newly minted notes are given too, that is banks, insurances, GM, and holders of stocks and toxic assets => the more stocks you holder the better off you are after QE => the most wealthy are prime beneficiaries, the poor prime losers, the average also losers
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i.e. it subsidizes the F.I.R.E. sector of the economy...
 
Quote from psytrade:

Why not just put QE in everyone's Cereal Boxes?

Or microwaveable QE... Walmart could sell them like hotcakes and prop up GDP.

And treehuggers could get 100% recyclable QE, made from recycled paper.

Instead of IOU's California could get ser<b>IOU</b>s!
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QE can only redistribute wealth, can not create wealth. If the president sign an executive order that turn all dime into dollar and all one buck into ten bucks... across the board evenly. It will have zero impact on anything, that is one end of QE with no effect. But if QE is for part of, not everyone of the economy, the one gets the QE just unfairly diluted everyone else assets. If the beneficiaries of the QE are the most productive sector of the economy, the QE can be beneficial to the whole economy. The QE used for welfare, corperate or private citizens, are the least productive. The QE is detrimental to the whole economy.
 
Quote from Eliot Hosewater:

I don't even recall if the Fed announced a long term schedule.

Or will they stop just before the election or just long enough to crash the market a little bit to gain support for QEII?
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How can they announce a long-term schedule, given that the current asset purchase program (which is implemented through the POMOs) is based on re-investing of MBS and agency debt proceeds, which are uncertain? When/if they do QEII they'd announce a specific schedule, just like they did with the original QE.

Chris Martenson is a funny guy, btw.
 
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