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Confirmed: We Are In A Depression & The FED And ECB Are Out Of Bullets!
How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!
FED ANNOUNCES UNLIMITED QE
The Federal Reserve
decision is out, and it’s a biggie.
There are two main components.
The first is that the Federal Reserve has extended its guidance for low rates through 2015.
The second is that there’s going to be open ended quantitative easing.
The Federal Reserve will buy $40 billion worth of Mortgage Backed Securities without end.
Whereas in the past the Fed always announced a specific amount of QE, this time there will be no stop until the Fed is happy with the pace of recovery.
From MarketWatach:
Significantly, the new bond-buying plan is open-ended, meaning that the Fed will keep buying long-term bonds until it sees a substantial improvement in the job market. If hiring doesn’t pick up, the Fed could step up the pace of bond-buying until it does.
Sincere congratulations Barracuda. For once you post an accurate and mature link.
Do we all know see that it is the banks / corporations that run the show? Politicians are only their hired servants, not our ‘deciders’. The banks do all the fundamental deciding.
Get ready for the $5 gas that this inflation will trigger, and remember to thank Bernanke (and not some politician) each time you go to the pump.