Intermarkets' Privacy Policy
Support
Moron Meet-Ups
MI/Midwest Meet-up:
10/5-10/6/2018

It has a website!

Central NJ MoMe: 10/13/2018: Hillsborough-Somerset County
Contact fenelonspoke

SW Ohio MoMe: 10/20/2018, 7-10pm in Dayton OH
Contact ibguy

Texas MoMe: 10/20/18
Contact Ben Had
REPORTS: Marines not permitted live ammo | Main | After IED Attack On Benghazi Consulte In June, No Additional Security Steps Were Taken; All Was Left In The Hands of Local (That Is, Libyan) Security
September 13, 2012

Federal Reserve Announces Open Ended QE III

Interest rates will stay in current range through 2015 and the Fed will be buying $40 Billion worth of mortgage backed bonds per month...until morale improves.

This is what makesthe biggest difference: the Fed isn't announcing a limited amount of purchases. It's an open-ended program to buy bonds until the economy improves. From the statement: "If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability."

Fed Chairman Ben Bernanke used to be jokingly called "Helicopter Ben". He's certainly living up to that name, though it should be updated to "Drone Ben".

As always my question is, if running up tremendous public debt and inflating the currency is the key to prosperity, why isn't Zimbabwe considered the most prosperous nation on Earth?

James Pethokoukis reacts.

What Romney should say: Is this Obama's "New Foundation" economy? Built on trillion dollar deficits and cheap money?

We are so screwed.


digg this
posted by DrewM. at 12:46 PM

| Access Comments




Recent Comments
Chi-Town Jerry: "Evening, all ..."

Clifford Cleveland Global Initative For Sustainable Resource Extraction: " Wish I wasn't so late to the party but I was wat ..."

SERENITY NOW: "Common sense needs to prevail over TDS. Posted ..."

atomicplaygirl, now with more Kaboom!: "6217 I think Blasey is some sort of Slavic name. P ..."

Puddleglum: "[i]583 From what putative academic diploma mill d ..."

Kentucky kid: "Yo ..."

Mr. Peebles: "Saw a poll of TX today that had Cruz +9. ..."

rhomboid: "Nope, absolutely nope.Dems try anything *else* now ..."

Aetius451AD Work Laptop: "Nood. ONT. ..."

Aetius451AD Work Laptop: "Thanks for the ONT. Sanders and Khan are two d ..."

Lancelot Link Secret Agent Chimp : "Posted by: DocJ at September 18, 2018 09:58 PM (9T ..."

Burnt Toast: "605 The other three guys are Gorsuch, Roberts, and ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64