05-16-2012, 04:17 PM
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Hall of Fame Poster
Join Date: Jan 2007
Posts: 22,638
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Quantitative Easing III - We Don't Need It
The biggest fool who has ever been in charge of the Fed will prolly try to tell us we need another round of quantitative easing (QE III). The only thing that results from it is an artificially inflated stock market.
Gee, that's what we need....
"WASHINGTON (AP) -- Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
The comments stood in contrast to the previous minutes, which said that only "a couple" of members expressed support for further bond purchases. Since the financial crisis, the Fed has pursued two rounds of bond purchases to try to push down long-term interest rates, with a goal of encouraging borrowing and spending."
Fed: Several members could support further easing - Yahoo! Finance
Can anyone say "Smoke & Mirrors"? 
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