Just in case you missed this in 2010, they’re at it again.
The Fed said it would spend $40 billion a month, for as long as it takes, to stimulate the economy by buying mortgage securities — and perhaps buy more if the job market doesn’t improve.
How will the job market improve when there are ‘still’ no jobs for those unemployed and those no longer looking [not counted as unemployed] because of lack of jobs ?????
In the week ending September 8 2012, the advance figure for seasonally adjusted initial claims was 382,000, an increase of 15,000 from the previous week’s revised figure of 367,000. The 4-week moving average was 375,000, an increase of 3,250 from the previous week’s revised average of 371,750.
What the Federal Reserve is up to, and how we got here. circa 2010
This is no laughing matter … but the video is funny as hell and does quite well at explaining the problem with Quantitative Easing.