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General Discussion => The New Joe Montgomery Birther Pit => Topic started by: p1k3 on September 13, 2012, 05:21:34 PM
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otherwise people would be going nuts...
Since September 11th, 2001:
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fuser5%2Fimageroot%2F2012%2F09%2Fseptember-11-2012.png&hash=fe6bd7f40b302a8ac1202608cd3e9323641aa80f)
now . . . a brand new $40 billion more per month and if it doesn't work...then more billions. If it does work, more billions!
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otherwise people would be going nuts...
Since September 11th, 2001:
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fuser5%2Fimageroot%2F2012%2F09%2Fseptember-11-2012.png&hash=fe6bd7f40b302a8ac1202608cd3e9323641aa80f)
now . . . a brand new $40 billion more per month and if it doesn't work...then more billions. If it does work, more billions!
A horrible day today concerning the economy. Too bad only a few people even care, as long as we have an articulate speech reader as president, they're fine.
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otherwise people would be going nuts...
Since September 11th, 2001:
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fuser5%2Fimageroot%2F2012%2F09%2Fseptember-11-2012.png&hash=fe6bd7f40b302a8ac1202608cd3e9323641aa80f)
now . . . a brand new $40 billion more per month and if it doesn't work...then more billions. If it does work, more billions!
It's going to be fine Pike. Just think of how many printing press jobs this is going to create. :flush:
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So basically we did an incredible job of nation building of in Afghanistan? MISSION ACCOMPLISHED! :kstatriot: <--- only with stars, stripes, red, white, and blue
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
Might not for you, but for my stockholding ass it will sure help.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
Might not for you, but for my stockholding ass it will sure help.
Yeah true. Hurray for overpriced equities!
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
It has worked as intended, with no set timeline on the "paying down the national debt." QE was never meant to directly and quickly assist the middle to lower class and I think that's why a lot of people get pissy about it (remember the Bush checks that just came in the mail? That's the entire other side of QE). QE was always about the "wealth effect" and allowing the big money to eventually become the all save all. You can see a direct relationship with QE and the DOW, cash reserves in the private sector, financial's health, real estate, etc. Six months from now, the DOW will hit 16k (if not sooner).
I think the more pertinent aspect of this QE is its timing. My gawde, less than two months before the election? Ben B just solidified 0bama's inevitable reelection.
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It's worked as intended? That's news to me. Why did we need QE2 and QE3 then? Do you really think the stock market reflects economic reality? So what if the dow hits 16,000 and we still have 8%+ unemployment? Then it's all just a huge bubble, again. It will pop, again. People will lose all their money, again, more people will be on food stamps, more welfare, etc.
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Yes it's worked, but the complete birth to death effect was not up to expectations, hence more QE to try and force the hand. Plus QE stopped the bleeding, that was the main objective. At some point it will come to a head. Think about this: Apple has $117 BILLION in cash from their most recent earnings report. Last year on their June 2011 earnings report they surpassed the US government in cash reserves ($75 billion). That money will eventually have to be spent somehow, somewhere. And Apple is just one company.
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Well no QE has not worked. It has not fulfilled the Federal Reserve's dual mandate. Maybe the bleeding would have stopped if we would have just let the economy correct? Now we keep propping it up with printed money in hopes it will take off. The stock market will take off, but that does not reflect economic reality and once again it will be unsustainable. The USA is once again the malinvestment and asset misallocation capital of the world. Money being pumped into the economy with no productive backing has never worked in any time in history.
And sooner or later we will have a dollar crises. As the graphic shows above we've already seen inflation over the last decade, but the government gets to lie about it because it doesn't show up in the CPI.
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Did you watch Bernanke yesterday? He looked like a scared kitten. He realized that what he's doing isn't working and probably won't work. He has no f*cking clue what he's doing.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
Might not for you, but for my stockholding ass it will sure help.
SELL KK! SELL!
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Well no QE has not worked. It has not fulfilled the Federal Reserve's dual mandate. Maybe the bleeding would have stopped if we would have just let the economy correct? Now we keep propping it up with printed money in hopes it will take off. The stock market will take off, but that does not reflect economic reality and once again it will be unsustainable. The USA is once again the malinvestment and asset misallocation capital of the world. Money being pumped into the economy with no productive backing has never worked in any time in history.
And sooner or later we will have a dollar crises. As the graphic shows above we've already seen inflation over the last decade, but the government gets to lie about it because it doesn't show up in the CPI.
Good golly, the economy corrected itself before any QE was on the table. The Fed doesn't control all of the variables to force growth (which most were already in play before QE-high household debt, the global economy weakness, etc.). I think that there possibly will be short-term inflation and excessive devaluation in the dollar, but the stock market going higher is a positive benefit for each and every person. One private company has never had ~40% more cash reserves than the US government ever, and as I said, the liquidity effect will at some point take priority.
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I think the majority of people get caught up in the "third time is not the charm" aspect of QE. However, the previous two QEs were limited and tried to allow/assist the government to correct the problem. I view QE3 as Ben saying "the government didn't fix it, now it's my turn and get the eff out of the way." :chainsaw:
Will the unlimited QE work? In theory, yes. In reality? :dunno:
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QE to infinity... :cheers:
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Wtf does Apple inventing the iphone have to do with the Fed. While I am thrilled my home building stocks took off like bosses today, printing more money so I can never put those gains anywhere safe that earns anything and having to pay a crap ton more for food, gas, and pretty much everything else sucks.
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
If/when inflation becomes a problem interests rates will be raised and then inflation won't be a problem. I hate to appeal to authority like this, but you should trust the MIT and Harvard educated economist.
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
hey moron look up hyperinflation examples and tell me which case study the current U.S. remotely resembles.
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just another step toward globalism.
Bilderbergs :peek:
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
If/when inflation becomes a problem interests rates will be raised and then inflation won't be a problem. I hate to appeal to authority like this, but you should trust the MIT and Harvard educated economist.
and how has "trusting" Ivy League educated econ's and poli's worked out so far?
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Good golly, the economy corrected itself before any QE was on the table.
No it didn't. Suggesting so is Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).
The Fed doesn't control all of the variables to force growth (which most were already in play before QE-high household debt, the global economy weakness, etc.).
It doesn't control everything, but it sure as crap controls a eff ton of everything. You can't "Force growth". WTF are you talking about?
I think that there possibly will be short-term inflation and excessive devaluation in the dollar
ORLY? Inflation? No way. Someone call up sys to give his stupid ass posts about how inflation isn't happening, when mine above shows that it absolutely is
, but the stock market going higher is a positive benefit for each and every person.
LOL LOL LOL . You have got to be kidding me. Do you not realize this is all fake wealth and/or fake gains? This is the same crap that inflated the housing bubble. I'll LOL at you butt holes when it crashes, yet again. Then the Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) public will blame the "Free Market" for wiping out their 401Ks and IRAs yet again, when in reality it was central banking/central planning by a hand full of dumb fucks that may or may not be trying to ruin us on purpose.
One private company has never had ~40% more cash reserves than the US government ever, and as I said, the liquidity effect will at some point take priority.
what?
I should add that I'm sort of pakd right now, and I know I could argue the above even better i just chose not to right now. Cats.
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
hey moron look up hyperinflation examples and tell me which case study the current U.S. remotely resembles.
Not sure, but what society in history as pumped trillions of dollars into the money supply with no affect? Who's to say what happens next? Thank rough ridin' God that other nations have been racing their currency to the bottom too...
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
If/when inflation becomes a problem interests rates will be raised and then inflation won't be a problem. I hate to appeal to authority like this, but you should trust the MIT and Harvard educated economist.
Dumb. Inflation is already happening, but the gov just gets to lie about it. eff the MIT and Harvard economists. I know more than those dumb fucks with a B.S. from Kansas State.
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It's time for the Keynesians to come clean on this one. Sorry... You guys lost. Your stupid bull crap hasn't worked and it never will. Go ahead and throw in the towel.
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
If/when inflation becomes a problem interests rates will be raised and then inflation won't be a problem. I hate to appeal to authority like this, but you should trust the MIT and Harvard educated economist.
and how has "trusting" Ivy League educated econ's and poli's worked out so far?
biggest economy in the world? :dunno:
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I love how the Fed has absolutely ruined Pike's life. Good job Bernanke. :dance:
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I think Zimbabwe tried this. I can't wait to get my first $1,000,000 bill as change at the QT. :dance:
If I was more cynical, I would say this is purely a political move so Obama (and Bernanke) can keep his job. Romney has already said he would be inclined to replace him.
If/when inflation becomes a problem interests rates will be raised and then inflation won't be a problem. I hate to appeal to authority like this, but you should trust the MIT and Harvard educated economist.
and how has "trusting" Ivy League educated econ's and poli's worked out so far?
biggest economy in the world? :dunno:
amazing how a few World Wars and a fantastic geographic location play into that, eh...
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A very easy to interpret quote from Marc Faber - “QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE,” he said.
“The money printers are responsible for this crisis. If we continue with this expansionist monetary policy we won’t be facing a fiscal cliff it will be a fiscal grand canyon,” he added.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
Might not for you, but for my stockholding ass it will sure help.
only rich people benefit from the stock market going up
-B.O. spring of 2008
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
Also, that statement is blatantly inaccurate.
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All QE has done is pull a bunch of dogshit bonds out of the market and replace them with stale cash so we can all pretend like the dogshit bonds don't exist and pretend like our big banks are well capitalized.
Also if you want to refi your house and you can get a decent appraisal and are actually working you can, but this further squeezes the big banks.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Borrowing money is the problem. Not the solution.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke, and I didn't realize that statements made by the policy makers are "obvious fallacies". It might differ from my personal opinion or those of others, but many people think that QE is supposed to immediately/directly produce private jobs-that is not the case. Job creation is on the government, and since this is the first time that we have had unlimited QE ("get the eff outta of my" - Ben B), it will be interesting to see if the trickle-down theory works. I know I like this idea a whole lot better than the flash in the pan mass mailing of checks to stimulate the economy.
And no, I am for lowering taxes on the middle and lower-class, and increasing taxes on the upper-class to make up the short-term difference, as I believe since we are so materialistic these days, demand fo sho drives upper-class/corporate wealth.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Borrowing money is the problem. Not the solution.
The Fed doesn't borrow money; it creates it, literally, with QE and eventually the purchased debt matures again.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke, and I didn't realize that statements made by the policy makers are "obvious fallacies". It might differ from my personal opinion or those of others, but many people think that QE is supposed to immediately/directly produce private jobs-that is not the case. Job creation is on the government, and since this is the first time that we have had unlimited QE ("get the eff outta of my" - Ben B), it will be interesting to see if the trickle-down theory works. I know I like this idea a whole lot better than the flash in the pan mass mailing of checks to stimulate the economy.
And no, I am for lowering taxes on the middle and lower-class, and increasing taxes on the upper-class to make up the short-term difference, as I believe since we are so materialistic these days, demand fo sho drives upper-class/corporate wealth.
Incoherent
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke, and I didn't realize that statements made by the policy makers are "obvious fallacies". It might differ from my personal opinion or those of others, but many people think that QE is supposed to immediately/directly produce private jobs-that is not the case. Job creation is on the government, and since this is the first time that we have had unlimited QE ("get the eff outta of my" - Ben B), it will be interesting to see if the trickle-down theory works. I know I like this idea a whole lot better than the flash in the pan mass mailing of checks to stimulate the economy.
And no, I am for lowering taxes on the middle and lower-class, and increasing taxes on the upper-class to make up the short-term difference, as I believe since we are so materialistic these days, demand fo sho drives upper-class/corporate wealth.
Incoherent
Cool story, bro.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke
Job creation is on the government
These two statements are mind blowing.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Borrowing money is the problem. Not the solution.
The Fed doesn't borrow money; it creates it, literally, with QE and eventually the purchased debt matures again.
Yeah I know. The people that borrow from the Fed's created money is the problem.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke
educate yourself... http://www.youtube.com/watch?v=HfpO-WBz_mw
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:facepalm: I understand how the Fed works. I was just commenting on how unlimited QE is supposed to work in theory based on statements by the Fed. My original statement was supposed to clarify that QE is not a cure-all to all economy issues, but it specifically addresses certain issues the Fed deems "important". Job creation is not one of those important aspects initially; the Fed feels that job creation hinges more with the government/private sector and that isn't their job.
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Job creation is not one of those important aspects initially; the Fed feels that job creation hinges more with the government/private sector and that isn't their job.
This is false. The Fed's dual mandate reads:
"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates."
http://www.chicagofed.org/webpages/publications/speeches/our_dual_mandate.cfm
Bernanke thinks he can achieve all the above by printing endless amounts of money, but he clearly has no clue what he's doing. Any jobs that are created are with temporary/fake wealth that is mal investment. Those jobs will go when the economy crashes again.
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The general idea behind QE is that the the Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt.
For some reason I feel like this isn't going to work.
:drink:
Also, that statement is blatantly inaccurate.
Uh. Wut.
Ben himself said that the goal of QE would be to reduce the cost of borrowing money for corporations, bring down mortgage rates even further and potentially boost the stock market, increasing wealth effects for consumers to spur more spending.
Moving past the obvious fallacies in your original statement and your apparent complete misunderstanding of the role of the federal reserve, I have one question for you, are you a supply-sider?
My understanding of QE/the Fed is based on statements from Ben Bernanke, and I didn't realize that statements made by the policy makers are "obvious fallacies". It might differ from my personal opinion or those of others, but many people think that QE is supposed to immediately/directly produce private jobs-that is not the case. Job creation is on the government, and since this is the first time that we have had unlimited QE ("get the eff outta of my" - Ben B), it will be interesting to see if the trickle-down theory works. I know I like this idea a whole lot better than the flash in the pan mass mailing of checks to stimulate the economy.
And no, I am for lowering taxes on the middle and lower-class, and increasing taxes on the upper-class to make up the short-term difference, as I believe since we are so materialistic these days, demand fo sho drives upper-class/corporate wealth.
Holy crap. There really are people out there that think this. This terrifies me.