The Fed bought short term bonds from 2 to 7 Yr to keep the bond yield curve intact so the market doesn't nose dive. This guy is talking out of his ass.
The whole point is, in addition to the rates being low which forces the banks to go out and find businesses to invest, now the bonds are being bought by the Fed which increases banks' reserves. These two measures would allow the banks to loan even further and stimulate the economy.
we dont make things? so thaaaats why we're selling boeing and GE trade rights to india... thaaaaats why chinese demand for GM is going up. huh. good thing we have Glenn Beck, this beacon of truth and hope in America
Quantitative easing is a tax on the people. You will lose your purchasing power. It will take America out of World Currency status. It is a scam. Reject the looting. No more bailouts. No Quantitative Easing.
The Fed bought short term bonds from 2 to 7 Yr to keep the bond yield curve intact so the market doesn't nose dive. This guy is talking out of his ass.
The whole point is, in addition to the rates being low which forces the banks to go out and find businesses to invest, now the bonds are being bought by the Fed which increases banks' reserves. These two measures would allow the banks to loan even further and stimulate the economy.
ninuxy 11 months ago
we dont make things? so thaaaats why we're selling boeing and GE trade rights to india... thaaaaats why chinese demand for GM is going up. huh. good thing we have Glenn Beck, this beacon of truth and hope in America
raga7 1 year ago
Quantitative easing is a tax on the people. You will lose your purchasing power. It will take America out of World Currency status. It is a scam. Reject the looting. No more bailouts. No Quantitative Easing.
MadCatNews 1 year ago