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So we’ll print money at $100 crude oil and not affect consumption.
Love america.
ked’
printing a little more may not change anything other than confidence
Remind me again what confidence QE 1 and 2 returned to anyone excluding stock traders who could get drunk and buy stocks
I mean, it makes sense for the Fed to keep Europe from caving, but really, this is the third quarter in a row the QE3 crowd have been wrong.
Care to gamble they’re at least a year early?
ked’ & Cain,
the point of QE1,2,3, and more is to keep rates down,instill some confidence, and help GDP remain above 0.
without qe and stimulus we would print negative
GDP to the tune of -2 to -4%.
that is unacceptable in the world we live in where bond purchase are based upon positive GDP to instill confidence our lenders will be payed back.
maybe Ron Paul is correct about getting rid of excess and printing negative numbers for many quarters b4 we resume higher…but who wants to deal with that?