Fed Prints more money in a last attempt to save Obama

[Jroc]

Your money will be worth less....40 billion a month, the presses are running over time with this bunch...This is unreal to me:

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates until an improvement in unemployment that the central bank says will be a problem for several years.



Home with a reduced price sign. Mortgage rates are near record lows.The Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.

There's strong hints that they'll do Treasurys next," Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London."They're pulling out all the stops to try to get this economy to gain some traction and, most important, to get unemployment down."

Enacting the third leg of quantitative easing will take the Fed's money creation past the $3 trillion level since it began the process in 2008.
"The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Open Market Committee said in a statement. (More: Read the Fed's Full Statement Here.)

As a follow-up to the statement, the Fed released its latest economic projections, which foresee slow growth including a jobless rate that stays above 7 percent into 2014. The economic projections expect growth to remain slow but to improve due to the stimulate measures announced Thursday.


In addition, the Fed said it will continue its program of selling shorter-dated government debt and buying longer-term securities, a mechanism known as Operation Twist. It also will continue its policy of reinvesting principal payments from agency debt and mortgage-backed securities back into mortgages

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates - Yahoo! Finance

romney's losing. he's failed at every major opportunity he's had to show he's ready for the job.

bernanke just got tired of letting you guys drag down the economy so you have a better chance of winning. isn't it also possible that he might have gotten tired of right blaming him for the economy?

yes, he took sides.

good on him.

Please..Anyone who is too blind to see Obama's incompetence isn't living in the real world

 

[LadyGunSlinger]

Your money will be worth less....40 billion a month, the presses are running over time with this bunch...This is unreal to me:

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates until an improvement in unemployment that the central bank says will be a problem for several years.



Home with a reduced price sign. Mortgage rates are near record lows.The Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.

There's strong hints that they'll do Treasurys next," Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London."They're pulling out all the stops to try to get this economy to gain some traction and, most important, to get unemployment down."

Enacting the third leg of quantitative easing will take the Fed's money creation past the $3 trillion level since it began the process in 2008.
"The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Open Market Committee said in a statement. (More: Read the Fed's Full Statement Here.)

As a follow-up to the statement, the Fed released its latest economic projections, which foresee slow growth including a jobless rate that stays above 7 percent into 2014. The economic projections expect growth to remain slow but to improve due to the stimulate measures announced Thursday.


In addition, the Fed said it will continue its program of selling shorter-dated government debt and buying longer-term securities, a mechanism known as Operation Twist. It also will continue its policy of reinvesting principal payments from agency debt and mortgage-backed securities back into mortgages

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates - Yahoo! Finance

The Fed is not political and doesn't answer to the president. They are to congress... But congress doesn't seem to care. The Fed does whatever the hell the Fed wants to.

The President chooses his appointment who heads up the Fed/Central Bank. We agree on one thing.. The Federal Reserve is a run amok disaster which crippled the US ecomony during the Great Depression. The Fed needs to be abolished and we need to return to the Gold standard. Fiat money is what's sinking this nation.. IT'S fucking worthless and the Fed's printing machine is making it that much less valuable.. This false BUBBLE will do nothing but increase inflation, driving goods up hitting the Middle Class hardest. ..It devalues the dollar which hits our trade deficit .. The Fed Reserve is criminal

 

[Jroc]

Can someone please explain why, in an environment of very high unemployment and very low inflation the Fed should take actions to combat....

Inflation?

It's like we haven't learned anything in the past 70 years. How many millions of Americans have to be out of work before you expect the Fed to address unemployment (one half of its mandate, mind you)

If Obama would quit smothering our economy we'd have jobs the fed can't counter the failed policies of Barack Obama...It aint happening, "tax the rich" The rich will be making plenty of money in the market, because of the feds policies the "middle class" not so much

 

[LadyGunSlinger]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

 

[Sallow]

Your money will be worth less....40 billion a month, the presses are running over time with this bunch...This is unreal to me:

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates until an improvement in unemployment that the central bank says will be a problem for several years.



Home with a reduced price sign. Mortgage rates are near record lows.The Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.

There's strong hints that they'll do Treasurys next," Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London."They're pulling out all the stops to try to get this economy to gain some traction and, most important, to get unemployment down."

Enacting the third leg of quantitative easing will take the Fed's money creation past the $3 trillion level since it began the process in 2008.
"The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Open Market Committee said in a statement. (More: Read the Fed's Full Statement Here.)

As a follow-up to the statement, the Fed released its latest economic projections, which foresee slow growth including a jobless rate that stays above 7 percent into 2014. The economic projections expect growth to remain slow but to improve due to the stimulate measures announced Thursday.


In addition, the Fed said it will continue its program of selling shorter-dated government debt and buying longer-term securities, a mechanism known as Operation Twist. It also will continue its policy of reinvesting principal payments from agency debt and mortgage-backed securities back into mortgages

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates - Yahoo! Finance

The Fed is not political and doesn't answer to the president. They are to congress... But congress doesn't seem to care. The Fed does whatever the hell the Fed wants to.

The Fed is charged with keeping both inflation and unemployment low.

What they are doing is in keeping with their requirements.

 

[Sallow]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

 

[Sallow]

Can someone please explain why, in an environment of very high unemployment and very low inflation the Fed should take actions to combat....

Inflation?

It's like we haven't learned anything in the past 70 years. How many millions of Americans have to be out of work before you expect the Fed to address unemployment (one half of its mandate, mind you)

If Obama would quit smothering our economy we'd have jobs the fed can't counter the failed policies of Barack Obama...It aint happening, "tax the rich" The rich will be making plenty of money in the market, because of the feds policies the "middle class" not so much

How, exactly, is Obama "smothering" it?

 

[8537]

The Fed needs to be abolished and we need to return to the Gold standard.

oh gawd....

 

[8537]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

I'm glad you phrased all of those as questions because you clearly need to seek answers. Buying MBS's will give banks more opportunity to refinance underwater mortgages.

Thanks and good night.

 

[Jroc]

Can someone please explain why, in an environment of very high unemployment and very low inflation the Fed should take actions to combat....

Inflation?

It's like we haven't learned anything in the past 70 years. How many millions of Americans have to be out of work before you expect the Fed to address unemployment (one half of its mandate, mind you)

If Obama would quit smothering our economy we'd have jobs the fed can't counter the failed policies of Barack Obama...It aint happening, "tax the rich" The rich will be making plenty of money in the market, because of the feds policies the "middle class" not so much

How, exactly, is Obama "smothering" it?

Overregulation. He will not unleash our own energy production, he has no new tax reform plan except his bullshit “tax the rich” crap which will do nothing but hurt. Obamacare is preventing small businesses from hiring on ...and..on Obama is a joke

 

[LadyGunSlinger]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

You're not real bright are you?? You think money grows on tree's and all we have to do is pick it, or print it???! Like some magic money printing machine??!! My GOSH, you liberals are truly a bunch of Jethro Bodines!

Printing money, flooding the economy with WORTHLESS FIAT does nothing but sky rocket inflation.. Supply and demand, simple economics, so much so my 7 year old daugter understands it.

 

[Sandoka]

inflation is on it's way thanks to the drought, but you can blame Oblama it's okay.

Actually, according to my economics book, the low interest rates will keep inflation under control.

By the way, the Fed does not print money. Never has.

 

[Sandoka]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

You're not real bright are you?? You think money grows on tree's and all we have to do is pick it, or print it???! Like some magic money printing machine??!! My GOSH, you liberals are truly a bunch of Jethro Bodines!

Printing money, flooding the economy with WORTHLESS FIAT does nothing but sky rocket inflation.. Supply and demand, simple economics, so much so my 7 year old daugter understands it.

That is the craziest bunch of bullshit I have seen you post. The Fed does not print money.

 

[8537]

If the Fed Reserve is made up of the "most brilliant" economists, how is it they print money we don't have? What kind of a stupid dumbass, when warned by Moody's and KNOWING we're running a 16 trillion dollar debt, PRINTS money to buy mortgage securities??? WTF is purchasing mortgage securities going to do for the upside down home owner with ruined credit?? NOT A DAMN THING..

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

You're not real bright are you?? You think money grows on tree's and all we have to do is pick it, or print it???! Like some magic money printing machine??!! My GOSH, you liberals are truly a bunch of Jethro Bodines!

Printing money, flooding the economy with WORTHLESS FIAT does nothing but sky rocket inflation.. Supply and demand, simple economics, so much so my 7 year old daugter understands it.

First you blame the Fed for the Great Depression....

Then you rant that the Fed shouldn't print money / add to the money supply?

Are you aware of the contradiction there?

 

[LadyGunSlinger]

Your money will be worth less....40 billion a month, the presses are running over time with this bunch...This is unreal to me:




Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates - Yahoo! Finance

The Fed is not political and doesn't answer to the president. They are to congress... But congress doesn't seem to care. The Fed does whatever the hell the Fed wants to.

The Fed is charged with keeping both inflation and unemployment low.
What they are doing is in keeping with their requirements.

I think I just laughed up a kidney!!!!!!!!!!!!!!!!!! The Fed can't keep unemployment low by manipulating the economy and creating false bubbles.. HOW THE FUCK HAS THAT WORKED OUT??? Do you know ANYTHING at all about the Fed and abolishing the Gold standard?? Do you understand that because of the Fed, we run deficits precisely because they can and do print money?? Have you ever taken an economics class??? Do you realize how much oil shot up today because of that DUMBASS Bernanke and his commitment to buy 40 billion a month in mortgage securities?? Do you know WHY oil shot up or even get it????!

 

[Rozman]

hmmm weren't there cries about massive inflation after QE1 and QE2?

Since the additional money isn't really circulating out into the consumer market, we won't see much inflation

Really? So we're just buying up tons of bad debt right?

Just the fact that you had to mention QE and QE2 and now we are at QE3...scares me.
We are now up to QE3....
Is that because QE1 and 2 worked so well?

 

[thanatos144]

More proof if your not voting against Obama you are voting for him.....There is no neutral ground here if you love your country.

 

[LadyGunSlinger]

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

You're not real bright are you?? You think money grows on tree's and all we have to do is pick it, or print it???! Like some magic money printing machine??!! My GOSH, you liberals are truly a bunch of Jethro Bodines!

Printing money, flooding the economy with WORTHLESS FIAT does nothing but sky rocket inflation.. Supply and demand, simple economics, so much so my 7 year old daugter understands it.

First you blame the Fed for the Great Depression....

Then you rant that the Fed shouldn't print money / add to the money supply?

Are you aware of the contradiction there?

Go take a history class on economics.. You will see and read that nearly ALL famed Economists agree that the Central Bank sunk our nation and the world in to depression with their policy of forcing small banks in to bankruptcy, (small banks didn't have the protection of being a part of the Federal Reserve Banking system) and propping up BIG BANKS, the same damn shit we saw over the past 3 years = TOO BIG TO FAIL.. Where has that gotten us???? 16 TRILLION IN DEBT AND THESE samn banks sitting on all of that money.. Low growth, higher inflation.. The facts and history don't bear your argument out, AT ALL.

 

[8537]

Go take a history class on economics..

I have a passing familiarity with the topic at hand...

You will see and read that nearly ALL famed Economists agree that the Central Bank sunk our nation and the world in to depression with their policy of forcing small banks in to bankruptcy, (small banks didn't have the protection of being a part of the Federal Reserve Banking system) and propping up BIG BANKS,

Ummm...Speaking of history lessons...

Do you know what tool the Fed had in its arsenal to prevent small banks from failing? Hint: it involves adding to the money supply.

And the Fed didn't prop up any large banks until after FDR took office. Many were allowed to fail - over 4,000 in fact.

The facts and history don't bear your argument out, AT ALL.

 

[LadyGunSlinger]

How do you figure that?

If they "print" it..we have it.

And ratings companies all got the Mortgage backed securities, wrong.

Relying on them at this point is a fool's errand.

You're not real bright are you?? You think money grows on tree's and all we have to do is pick it, or print it???! Like some magic money printing machine??!! My GOSH, you liberals are truly a bunch of Jethro Bodines!

Printing money, flooding the economy with WORTHLESS FIAT does nothing but sky rocket inflation.. Supply and demand, simple economics, so much so my 7 year old daugter understands it.

First you blame the Fed for the Great Depression....

Then you rant that the Fed shouldn't print money / add to the money supply?

Are you aware of the contradiction there?

Just where do you think the money they print comes from?? NOTHING.. it's worthless.. it floods the market and devalues and destabilizes the dollar.. which in turn creates a cascading effect on our trade deficit and real deficit which creates RECESSION - O growth.. debt to GDP over 100% which we have NEVER seen.. we're in unchartered terroritory an LIBERALS think money grows on fucking trees!