Fed Pumps Yet Another Trillion into economy, this time out of thin air!

[KingCondanomation]

Well why not, it's just money, it's just a trillion, print the money and the value will stay the same.

"Fed to pump another $1 trillion into U.S. economy

WASHINGTON: Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.

"Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending," the Fed said, adding that it would "employ all available tools to promote economic recovery and to preserve price stability."

As expected, the Fed kept its benchmark interest rate virtually at zero. But in a surprise, it drastically increased the amount of money it will create out of thin air to thaw out the still-frozen credit markets that have cramped lending to consumers and businesses alike."
http://www.iht.com/articles/2009/03/18/business/fed.php

Thank god those Republicans are out of power and things couldn't get any worse...

 

[ib1yysguy]

Considering how close we are to deflation, this might not be such a bad move.

 

[Damocles]

Few noticed, they were too distracted finding out that the Fed knew well beforehand that AIG was giving out bonuses.

Can anybody say "smoke and mirrors"?

 

[Bonestorm]

Well why not, it's just money, it's just a trillion, print the money and the value will stay the same.

"Fed to pump another $1 trillion into U.S. economy

WASHINGTON: Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.

"Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending," the Fed said, adding that it would "employ all available tools to promote economic recovery and to preserve price stability."

As expected, the Fed kept its benchmark interest rate virtually at zero. But in a surprise, it drastically increased the amount of money it will create out of thin air to thaw out the still-frozen credit markets that have cramped lending to consumers and businesses alike."
http://www.iht.com/articles/2009/03/18/business/fed.php

Thank god those Republicans are out of power and things couldn't get any worse...

I think you have a fundamental misunderstanding of how the Fed works.

 

[Damocles]

Is there a pattern of short-term deflation before high inflationary periods caused by the Fed dumping cash into the market?

 

[Topspin]

dont fight the fed, buy stocks

 

[Chapdog]

Yah i noticed with the euro exchange rate this am. should have gotten my 2500 Euros the other day that I need. pisses me off.

 

[Damocles]

What do you need 2500 Euros for?

 

[Chapdog]

Going to Ireland in August for vacation. I have plane tickets already but want some spending money.

 

[KingCondanomation]

Considering how close we are to deflation, this might not be such a bad move.

Inflation is only being kept down by falling fuel and housing prices. Everything else I have seen has gone up.
This is a terrible move and historically a bad idea.

 

[Bonestorm]

Going to Ireland in August for vacation. I have plane tickets already but want some spending money.

You can use your ATM card and get a pretty decent rate while you are there and you don't have to worry about carrying that kind of cash around. I think Bank of America doesn't charge some of the fees that other banks charge.

 

[Damocles]

You can use your ATM card and get a pretty decent rate while you are there and you don't have to worry about carrying that kind of cash around. I think Bank of America doesn't charge some of the fees that other banks charge.

I just used my Credit Card and the exchange rate was simply what the exchange rate was. I got charged no fee for it.

 

[Chapdog]

yes, but my thinking was the dollar is (well was) strong versus the euro a few days ago and i blew it.. Based on our spending of trillions of dollars and the threat that the dollar may be replaced with a weighted currency it may slide fast and my Aug trip may cost me 30-40% more if i dont lock in now.. Check the chart.
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1y&l=on&z=m&q=l&c=

 

[FUCK THE POLICE]

Well why not, it's just money, it's just a trillion, print the money and the value will stay the same.

"Fed to pump another $1 trillion into U.S. economy

WASHINGTON: Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.

"Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending," the Fed said, adding that it would "employ all available tools to promote economic recovery and to preserve price stability."

As expected, the Fed kept its benchmark interest rate virtually at zero. But in a surprise, it drastically increased the amount of money it will create out of thin air to thaw out the still-frozen credit markets that have cramped lending to consumers and businesses alike."
http://www.iht.com/articles/2009/03/18/business/fed.php

Thank god those Republicans are out of power and things couldn't get any worse...

FUCK YOU

 

[FUCK THE POLICE]

Inflation is only being kept down by falling fuel and housing prices. Everything else I have seen has gone up.
This is a terrible move and historically a bad idea.

Inflation is at 0%, you douchebag. The only reason it isn't negative is because of the stimulus and zero-percent interest rate - and it's still only barely keeping inflation positive.