QE3 watch - Pimco, BlackRock Say U.S. Economy Is Running at ‘Stall Speed,’ Fed May Act

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#1 Wed, Aug 3, 2011 - 8:47am

Violent Rhetoric

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QE3 watch - Pimco, BlackRock Say U.S. Economy Is Running at ‘Stall Speed,’ Fed May Act

If Ben, Pimco & Blackrock want it, they will get it. QE3... coming to destroy an economy & way of life near you.

https://www.bloomberg.com/news/2011-08-03/pimco-blackrock-say-u-s-economy-is-running-at-stall-speed-fed-may-act.html

The Fed may arrange a third round of quantitative easing, known as QE3, Gross said. The central bank purchased bonds to cap borrowing costs in the first two easing efforts. The Fed has also promised to keep the target for overnight bank lending low for an “extended period.” Policy makers cut the target rate to a range of zero to 0.25 percent in 2008 to support the economy.

Edited by: Violent Rhetoric on Nov 8, 2014 - 5:05am

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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.” ~ Robert Heinlein