QE4Ever!

[g5000]

QE4ever continues: U.S. Fed buys $825 million of mortgage bonds, sells none

The Federal Reserve bought $825 million of agency mortgage-backed securities in the week from Dec. 19 to Dec. 24, compared with $1.806 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

 

[Crepitus]

QE4ever continues: U.S. Fed buys $825 million of mortgage bonds, sells none

The Federal Reserve bought $825 million of agency mortgage-backed securities in the week from Dec. 19 to Dec. 24, compared with $1.806 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

But the economy is great!

 

[Norman]

The balance sheet seems to have been fairly stable since 2015.

There is zero reason to crash the economy by letting the money supply fall. Well, unless you factor in...

ORANGE MAN BAD!!!

 

[g5000]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

 

[Norman]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Might want to check the chart. Obama pumped trillions into the supply, Trump simply kept it stable. But you still call both QE. That's because you are retarded.

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Might want to check the chart. Obama pumped trillions into the supply, Trump simply kept it stable. But you still call both QE. That's because you are retarded.

That's because QE IV just recently started up. Started up in what is supposed to be a "great" economy.

 

[gipper]

We most certainly love our economic socialism.

Well...the 1% surely love it, since they benefit greatly from it.

 

[NightFox]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Why would anyone condemn Obama? or any other President for that matter.

The decision to expand or contract the balance sheet of the Federal Reserve is one that is made by the Federal Reserve Board of Governors (aka Economic Planners R US) not the douche bag sitting in the Oval Office.

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Why would anyone condemn Obama? or any other President for that matter.

The decision to expand or contract the balance sheet of the Federal Reserve is one that is made by the Federal Reserve Board of Governors (aka Economic Planners R US) not the douche bag sitting in the Oval Office.

We saw what happened when Trump started crying for more socialist propping up of the markets. Granted he had a lot of company but he led the call.

 

[NightFox]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Why would anyone condemn Obama? or any other President for that matter.

The decision to expand or contract the balance sheet of the Federal Reserve is one that is made by the Federal Reserve Board of Governors (aka Economic Planners R US) not the douche bag sitting in the Oval Office.

We saw what happened when Trump started crying for more socialist propping up of the markets. Granted he had a lot of company but he led the call.

Uh-huh, you seem to be missing the fact that the Federal Reserve Board of Governors isn't required to pay attention to what the dickweed in the White House starts "crying for", they have all the legal independence any cabal of economic central planners could ask for, yet the clueless still like to blame the Executive Branch when the bankers send the printing presses into overdrive and the risk takers into a gambling with other peoples money frenzy.

Our economy has become inextricably linked to ever increasing levels of debt and by proxy constant liquidity injections, this isn't the fault of any one politician or any one party, it's the system that we created when we decided to acquiesce to the decoupling of the monetary system from any sort of external controls.

 

[Seawytch]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Few? Right wing media dedicated themselves to condemning him for it.

Fox's Dagen McDowell: Fed Stimulus Is "A Big Fat Campaign Contribution To Mr. Barack Obama By Ben Bernanke"

Rush Limbaugh: Fed Stimulus "Is Not Designed To Revive Economy; This Is Designed To Revive Obama's Election Chances"

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Why would anyone condemn Obama? or any other President for that matter.

The decision to expand or contract the balance sheet of the Federal Reserve is one that is made by the Federal Reserve Board of Governors (aka Economic Planners R US) not the douche bag sitting in the Oval Office.

We saw what happened when Trump started crying for more socialist propping up of the markets. Granted he had a lot of company but he led the call.

Uh-huh, you seem to be missing the fact that the Federal Reserve Board of Governors isn't required to pay attention to what the dickweed in the White House starts "crying for", they have all the legal independence any cabal of economic central planners could ask for, yet the clueless still like to blame the Executive Branch when the bankers send the printing presses into overdrive and the risk takers into a gambling with other peoples money frenzy.

Our economy has become inextricably linked to ever increasing levels of debt and by proxy constant liquidity injections, this isn't the fault of any one politician or any one party, it's the system that we created when we decided to acquiesce to the decoupling of the monetary system from any sort of external controls.

Offensive linemen aren't supposed to hold either.

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Few? Right wing media dedicated themselves to condemning him for it.

Fox's Dagen McDowell: Fed Stimulus Is "A Big Fat Campaign Contribution To Mr. Barack Obama By Ben Bernanke"

Rush Limbaugh: Fed Stimulus "Is Not Designed To Revive Economy; This Is Designed To Revive Obama's Election Chances"

Few and where was the left in condemning it?

 

[Seawytch]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Few? Right wing media dedicated themselves to condemning him for it.

Fox's Dagen McDowell: Fed Stimulus Is "A Big Fat Campaign Contribution To Mr. Barack Obama By Ben Bernanke"

Rush Limbaugh: Fed Stimulus "Is Not Designed To Revive Economy; This Is Designed To Revive Obama's Election Chances"

Few and where was the left in condemning it?

Is the left condemning Trump for it now?

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Few? Right wing media dedicated themselves to condemning him for it.

Fox's Dagen McDowell: Fed Stimulus Is "A Big Fat Campaign Contribution To Mr. Barack Obama By Ben Bernanke"

Rush Limbaugh: Fed Stimulus "Is Not Designed To Revive Economy; This Is Designed To Revive Obama's Election Chances"

Few and where was the left in condemning it?

Is the left condemning Trump for it now?

Trump Used to Make Sense When He Talked About the Fed. Not Anymore.

 

[Olde Europe]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Except the right condemned monetary policies throughout Obama's terms, and - guess who! - Ryan, their monetary guru, led the charge:

The Fed has no business cheapening the nation's currency, Ryan says, even if a weaker dollar might provide a short-term elixir for struggling industries in his southeastern Wisconsin district by making American exports less expensive overseas while increasing the prices of imports sold in the United States.

"There is nothing more insidious that a government can do to its people than to debase its currency," Ryan said.

Just as harmful, Ryan warns, is that the proliferation of newly printed dollars inevitably unleashes inflation and throws the economy out of kilter in other ways.

"Inflation is a killer of wealth. It wipes out the middle class. It eviscerates the standard of living for people who have retired or are living on fixed incomes," he said. "Name me a nation in history that has prospered by devaluing its currency."

As the incoming chairman of the powerful House Budget Committee, Ryan's blasts carry newfound weight. And he's hardly alone in his castigations; the past week's unrelenting attacks on the Fed mark an unusual turn in the economic debate.

Critics of the Fed's stimulus plan range from German and Chinese government officials to former Fed Chairman Alan Greenspan. The reserve bank, which was conceived as a powerful and politically autonomous institution, rarely finds itself so intensely on the defensive.​

Inflation!!! Debasing the almighty dollar!!! Wiping out the middle class!!! Eviscerating the standard of living!!! Killing wealth!!!

How quickly we forget, and pretend it never, ever happened.

 

[pknopp]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Except the right condemned monetary policies throughout Obama's terms, and - guess who! - Ryan, their monetary guru, led the charge:

The Fed has no business cheapening the nation's currency, Ryan says, even if a weaker dollar might provide a short-term elixir for struggling industries in his southeastern Wisconsin district by making American exports less expensive overseas while increasing the prices of imports sold in the United States.

"There is nothing more insidious that a government can do to its people than to debase its currency," Ryan said.

Just as harmful, Ryan warns, is that the proliferation of newly printed dollars inevitably unleashes inflation and throws the economy out of kilter in other ways.

"Inflation is a killer of wealth. It wipes out the middle class. It eviscerates the standard of living for people who have retired or are living on fixed incomes," he said. "Name me a nation in history that has prospered by devaluing its currency."

As the incoming chairman of the powerful House Budget Committee, Ryan's blasts carry newfound weight. And he's hardly alone in his castigations; the past week's unrelenting attacks on the Fed mark an unusual turn in the economic debate.

Critics of the Fed's stimulus plan range from German and Chinese government officials to former Fed Chairman Alan Greenspan. The reserve bank, which was conceived as a powerful and politically autonomous institution, rarely finds itself so intensely on the defensive.​

Inflation!!! Debasing the almighty dollar!!! Wiping out the middle class!!! Eviscerating the standard of living!!! Killing wealth!!!

How quickly we forget, and pretend it never, ever happened.

Very few condemned it. If it's wrong, and it is, why did Obama do it for eight years?

 

[Seawytch]

When the black guy was in office, QE BAD!

Now QE is good.

And to think there are tards in another topic as we speak who are claiming the Right doesn't like big government.

Few condemned Obama when he was doing it. This goes both ways.

Few? Right wing media dedicated themselves to condemning him for it.

Fox's Dagen McDowell: Fed Stimulus Is "A Big Fat Campaign Contribution To Mr. Barack Obama By Ben Bernanke"

Rush Limbaugh: Fed Stimulus "Is Not Designed To Revive Economy; This Is Designed To Revive Obama's Election Chances"

Few and where was the left in condemning it?

Is the left condemning Trump for it now?

Trump Used to Make Sense When He Talked About the Fed. Not Anymore.

That didn't seem like much of a condemnation of QE just because Tump is doing it.

So why harp on Trump’s suggestion that we return to the good old days of QE? I’ve often noted that Trump’s desire for low interest rates and anger at Powell for hiking them were pretty reasonable on pure policy grounds, even if his habit of publicly thrashing Powell undermined the tradition of presidents not overtly politicizing the central bank’s decisions. Trump’s problem, when it came to the Fed, wasn’t that his ideas were wrong. It was that he was seemingly too inept to pick central bankers who actually agreed with his views. Rather than doing a bare minimum amount of homework himself, he simply relied on the recommendations of Treasury Secretary Steve Mnuchin, then fumed when he didn’t get the results he desired. While it was easy to laugh at the situation, it raised the possibility that Trump might do something rash like attempt to fire or demote Powell, potentially leading to a legal crisis.​

 

[Olde Europe]

Very few condemned it. If it's wrong, and it is, why did Obama do it for eight years?

Many followed Ryan's lead and condemned it.

With interest rates at the lower bound, QE makes sense to get the economy going in a depressed economy. Now, in the best economy the country has ever seen (Trump), it's wholly inappropriate.