Why QE3 will workBY BENJAMIN ONG | TUESDAY, 18 SEP 2012 8:30AMThe latest QE has no end date - it's open-ended. The Fed won't finish until there is "broad-based growth in jobs and economic activity that generally signal sustained improvement in labour market conditions and declining unemployment". |
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Money printing has never been a proper fix for an economy. Anyone who thinks Big Ben's 'QE to infinity' will have any lasting good, well, they probably think everyone should stop working because we only have to print money for all our needs. Utter tripe. BigBen is just doing what a Keynesian 'educated' economist is programmed to do when their back is up against the wall, PRINT, and that is what they all do until the cows come home or the whole thing collapses and collapse it will, sadly. what else can anyone expect, really? It is all they know how to do; print money. More debt doesn't fix your problem of too much debt. This isn't the real sadness though. The real sadness is that the majority of Americans believe he's a genius and that he and Obama will keep giving them their 'entitlements' and make it all good. Worse, these people will be caught with their pants down and hit hard when it hits the fan which will make 1929 look like a family picnic. Poor souls . . .