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SE ND | Quantitative easing is working...for the betterment of speculators, big banks, and for politicians. But, the only way to truly get what the fed is after, inflation, is to get the money to everyday folks. The money that is being printed is going into the assets, but is not being lent out by the banks.
I've been thinking about this and it seems that the more political the fed president and board members become, the more likely it is that we could see a TAX CUT or Refunds. And the best way to get it done politically would be to have the fed finance it.
If it wasn't already bad enough what the fed is doing just imagine how reckless they will become if they are at the beck and call of Washington. Which sad to say, they are. I'm sure no one would have been more accommodative than Summers or Geithner, but I'm sure Yellen will do just fine.
Tapering is a distant memory, and asset purchases will increase for if they don't a recession in our current depression is likely.
What a mess they have gotten all of us into. | |
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QE blunder
