Doesn't matter. "Failure of money" is really not a big deal when you're nation with huge infrastructure, high education, and plenty of food. All you have to do is design new bills.
Now, if you're Greece...then it matters.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
QE 3 is a 80 Billion a month pay off to banks
- Thread starter RenkoTrades
- Start date
Doesn't matter. "Failure of money" is really not a big deal when you're nation with huge infrastructure, high education, and plenty of food. All you have to do is design new bills.
Now, if you're Greece...then it matters.
Quote from denner:
Not really.
Yes, really.
Doing this preserves people's investment in their national economy and prevents massive Dislocation By Relocation.
By rights, the US economy should have blown up in '08. That we're now in '12 and *still* muddling through - despite ongoing idiocy in trade and fiscal policy - is a testament to Ben's abilities. He is going down in history as one of the greats, without a doubt.
M
morganist
Quote from Random.Capital:
Doesn't matter. "Failure of money" is really not a big deal when you're nation with huge infrastructure, high education, and plenty of food. All you have to do is design new bills.
Now, if you're Greece...then it matters.
All of the pensions will default. That is a problem.
Quote from morganist:
All of the pensions will default. That is a problem.
Disagree. Some will. Others will get scaled back. Yappy heads on CNN and Fox will yell a lot of meaningless bullshit at each other. And life will go on, pretty much as before.
This economy can power itself, feed itself, clothe itself and protect itself. The downside here is really not that bad. We're talking fewer iPhone sales, not people starving in the streets.
Now, in worker-bee economies supplying us with goods...well, that's a different story, but let's be honest, none of us actually care about those people anyway.
How many of you started your own bank in the last few years?
or bought a small bank and make real, easy money.
this is easy money, people.
i wish i could buy 10 more banks....
or bought a small bank and make real, easy money.
this is easy money, people.
i wish i could buy 10 more banks....
I actually have read about QE3 and have more of a sense that it has a good chance to make some of this toxic mortgage stuff at the banks get cleaned up, with the backstop from the Fed. That in turn, can and will stimulate real lending from these robbers. Several perpetually bearish financial people that I read were actually pretty favorable on it.
Doesn't solve the political issues but I think that any blanket criticism of this is wrong.
Doesn't solve the political issues but I think that any blanket criticism of this is wrong.
Quote from heywally:
will stimulate real lending from these robbers
Lending could be a double edged sword. The money supply has been increased significantly but the velocity of same is nearly zero. If banks start lending then the economy will react to the increased supply of money and it's value will fall == inflation. Our government may act like it's concerned about the economy but in reality, they need status quo.
Mr. Bernanke Lacks The Courage To Do The Right Thing
http://www.forbes.com/sites/richard...anke-lacks-the-courage-to-do-the-right-thing/
it's all sounds beyond pathetic, but you know what? don't fight the fed...i guess if one want's to speculate on housing-it is time to buy now.
http://www.forbes.com/sites/richard...anke-lacks-the-courage-to-do-the-right-thing/
If an individual has a second home that is rented or she or he intends to rent it they may suitable HAMP candidates.
it's all sounds beyond pathetic, but you know what? don't fight the fed...i guess if one want's to speculate on housing-it is time to buy now.
Quote from Bob111:
i'm simple man with zero knowledge of economics,but if understand things correctly FED is buying non performing junk from banks and give them more real money to make more loans. how is this beneficial for fed? and US as a country? aren't fed represent same bunch of private banks? looks like all they do is just shoveling money from one pocket in their pants to another..
question-banks already in deep sh**t and anyone who want to buy a house and mortgage-got one..to whom they are going to loan? to same losers,who can't pay for a first one? cause everyone else is paying his..now-folks who are paying-they might refinance and that's what happening now(see zillow page on mortgage rate -see volume increase like X10,compared to volume 2-3 years ago).
but! every refinance cost you a lot of money. that's #1..and as we go closer and close to zero on mortgage rate-the effect of those QE's will be less and less. cause 0.5% difference won't do anything for mortgage holder. make no sense for him to refinance..even if there is a some savings-they will be offset by increase in price for everything else,cause of this money printing..and it's kind of bold statement, that even FED knows,that US economy can't recover on it's own,regardless to all previous help from them. cause the core of all economic problems is in DC,not on main street. give them jobs,lower taxes on small businesses(cause big ones aren't' paying anything anyway). make the country more " pro small business" then they will hire and after that -people might think about buying a house
guys just buy famous stocks now and eurusd --- after each QE there was only bullish market