QE4 Baby!

[morganist]

Quote from Scataphagos:

But you are in Europe... Liberals in America are really Communists in sheep's clothing.

I'll take your word for it. I don't know what it is like in America but technically there is a difference.

 

[morganist]

Quote from Grandluxe:

Japan is at QE8 now, so Uncle Ben needs to play catch up quick.

Did it work well for them?

 

[Clubber Lang]

Quote from TGregg:

My favorite line:

"It would also -- if house prices go up more -- mean more households would be able to refinance their mortgage," said Perli, a former economist for the Fed's Division of Monetary Affairs



Yay! Just reinflate the housing bubble! What a great idea! LOL.

I don't know where he's getting his information from, but my area hasn't seen any uptick in prices.

Real estate taxes however have gone up 50% since the peak of the bubble!

 

[BA_Trader]

Quote from ktm:

I think they have to change the name at some point, because it will get a bad reputation.

Q-diddy

Metta World Ease

Federal Reserve Patriot Hero Society Fighting Terrorism and Improving Equality Initiative

 

[sumfuka]

Quote from ktm:

I think they have to change the name at some point, because it will get a bad reputation.

Everyone was a rapper until too many murders were committed by rappers, then they became "hip hop artists".

They should call it the "IDIOT" program

*I* ......Imaginary
*D* .....Dollars
*I* ......Into
*O* .....Oriental's
*T* ......Treasuries

 

[Scataphagos]

Quote from morganist:

There's a difference between communists and liberals. Most of the liberals I know are quite right wing small government etc.

Your "Liberals" would be called "conservatives" in America.

 

[denner]

Quote from Clubber Lang:

I don't know where he's getting his information from, but my area hasn't seen any uptick in prices.

Real estate taxes however have gone up 50% since the peak of the bubble!

Agreed. It's literally "all over the map". Some high tax states have seen a rebound, while others are still languishing. From what I can tell, much of the Midwest is still languishing, while a few of the hardest hit locales like Arizona (maybe Vegas, not sure), rebounded hard off the lows.

But like you said, if you live in the wrong place, you not only get to watch your property lose value year after year, you also get the priviledge of paying higher property taxes because the local buffoons can never stop spending. (and the teachers always need a raise).

Considering the prospects for the next generation of home borrowers, the best thing to happen would have been to let the markets play out, let those properties collapse...hey, if the original owners didn't have the good sense to cash out at nosebleed prices, fuck'em. The guys who bought at the top, many of them were already in the midst of either defaulting outright, or defaulting strategically , so once again let it play out.

But we all know that this country cannot EVEN FUNCTION unless we are the midst of some asset bubble to con the sheeple into spending beyond their means, or leveraging up the hilt to speculate in whatever asset bubble is in vogue. This shit will be the norm until we default, whenever the hell that may come around.

 

[ElCubano]

Quote from BA_Trader:

Q-diddy

Metta World Ease

Federal Reserve Patriot Hero Society Fighting Terrorism and Improving Equality Initiative

Q-Shizzle

 

[Bob111]

---Q-diddy---

s*** f* priceless..
you should copyright this