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Fed ramps up aid to economy with $400 billion stimulus
Yahoo ^
| 9/21/11
| Mark Felsenthal and Pedro da Costa - Reuters
Posted on 09/21/2011 11:57:26 AM PDT by NormsRevenge
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To: NormsRevenge
Markets are throwing a tantrum saying give us more money. Not enough.
21
posted on
09/21/2011 12:57:17 PM PDT
by
Ravi
To: NormsRevenge
Didn’t the Feds recently sell (exchange) long term bonds for short term bonds? I know China did. Now that interest rates are near 1% on long term bonds, the Feds pile (exchange) back into long bonds. The only real new money being created is the payments for the interest rate maturities. Other than that it is just bond printing.
The principle or debt outstanding is another matter but best pushed past the next election(s) or for unborn generations to worry about...Unless generational warfare (young vs old) begins early as elders having pissed youth’s future away becomes abundantly clear even to the stoners.
22
posted on
09/21/2011 1:04:52 PM PDT
by
Razzz42
To: NormsRevenge
Look at the Dow after this announcement... it went down and closed down 284 points.
LLS
23
posted on
09/21/2011 1:10:10 PM PDT
by
LibLieSlayer
(Is the person that you support a Crony Capitalist... A.K.A. CRAPITALIST?)
To: NormsRevenge
Fed Chairman Ben Bernanke ( Archimedes: Give me a place to stand and with a lever I will move the whole world. ) trying to move the world to save any chance Obama has for reelection in a desperate attempt to recover the economy inspite of failed Obama fiscal policies.
This to, will fail.
To: jersey117
Markets took a dive at the end of todays trading session. Down 231.Which, being translated, means: "Don't give us this 'stimulus' bullshit. Get this animal out of the White House. He shuts down Park Avenue with his paramilitary entourage like he's Caesar himself, and says he's gonna raise taxes on millionaires? Fuggedaboudit."
25
posted on
09/21/2011 1:19:51 PM PDT
by
the invisib1e hand
(...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
To: NormsRevenge
( * The Fed said it would launch a new $400 billion program that will tilt its $2.85 trillion balance sheet more heavily to longer-term securities by selling shorter-term notes and using those funds to purchase longer-dated Treasuries. * ) : translated : Obama to Ben : get this economy moving for right now so I can get elected or else.
This is nothing more than another failed attempt to help Obama get relected.
Any fiscal polices that are implemented from now on are in a futile effort to get Obama reelected in the face of failed polices and mismanagement by Obama and Democrats, no, wait, it's not mismanagement, it was all done by design.
To: sickoflibs
RE: "Greenspan taught Bernanke that printing money can cure any problem."
Well said. But in this particular case, they are not printing new money.
27
posted on
09/21/2011 1:39:41 PM PDT
by
Marine_Uncle
(Honor must be earned....Duncan Hunter Sr. for POTUS.)
To: Deo volente
28
posted on
09/21/2011 2:25:21 PM PDT
by
GOPJ
(126 people were indicted for being terrorists in the last two years. Every one of them was Muslim.)
To: GOPJ; blam
29
posted on
09/21/2011 2:58:18 PM PDT
by
NormsRevenge
(Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
To: NormsRevenge
Stupid headline, its not a $400 b ‘stimulus’, it has nothing to do with spending $400b like Obama wants.
It’s a Fed operation to keep long-term rates low.
(They are plenty low already, but ....)
30
posted on
09/21/2011 3:27:53 PM PDT
by
WOSG
To: NormsRevenge
It was said at least 2 years ago that the Fed had run out of ammunition to fight the recession. So instead of doing nothing and letting the economy recover, Ben (the incompetent) just doubles down on stupid. But then he is not alone, he’s got the Food Stamp President and Harry the Loser as companions.
31
posted on
09/21/2011 7:20:37 PM PDT
by
RetiredTexasVet
(There's a pill for just about everything ... except stupid!)
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