Breaking - 650 Billion in QE3 !

[cbc58]

just kidding....

[Origanalist]

just kidding....

Ugh, I cringed reading that headline. totally believable.

Snot funny.....

[cajuncocoa]

Yep, snot funny indeed.

[cbc58]

sorry... getting tired of waiting for this. i apologize.

[Zippyjuan]

Didn't think any announcement was due for about another hour or so at the earliest.

[cbc58]

well i was close. just more of the same.

[youngbuck]

well i was close. just more of the same.

link?

http://www.chicagotribune.com/busine...,6516716.story

[Zippyjuan]

$40 billion a month in Mortgage Backed Security purchases. I said I didn't think they would do it and they did. I still stand by my other claim that it will do little if anything for the economy. The goal is to improve housing sales but that is treating a symptom- not a cause. The housing market does well when the economy is doing well. People will buy more houses when they have more jobs and more money- this will give people neither. The guys selling the bonds will do OK though.

[Dr.3D]

Well, I read the title of this thread and then checked the price of silver before clicking on this thread and thought, yup....


Now I wonder why the price of silver just shot up like that.

[hazek]

$40 billion a month in Mortgage Backed Security purchases. I said I didn't think they would do it and they did. I still stand by my other claim that it will do little if anything for the economy. The goal is to improve housing sales but that is treating a symptom- not a cause. The housing market does well when the economy is doing well. People will buy more houses when they have more jobs and more money- this will give people neither. The guys selling the bonds will do OK though.

I wanted to suggest if you'd care to correct any other prediction about what the FED is going to do in the future but then I decided against wasting time reading your posts and finding the right quotes.