I did a posts about QE3 and opperation twist. Also about good US company earnings, trillions of cash on the books and using the Euro as an excuse, to hold markets down and induce fear. Big money Wall Street wants free money, cheaper money is just a plus, the FED is trying to use to motivate long term business expansion and hiring. Which should grow us out of trouble. IMO They will get free money again. Mark my word. QE3 will come.
IMO all this Euro crap was predetermened when it was excepted and implemented. Europe can no more let it fail. Then we could let money center banks fail. We taught them what happens when you let just 1 spoke of the wheel be removed, with Leman. They are not going to let Greece fail. There just fighting to see who foots the largest portion of the bill and how the funds are distributed between the weak economies.
But WOW, The latest idea !!! Don't you just love it. An insurance company idea, to use swaps to increase leverage. Damn seems thats what got the world where it's at now. US insurance derivatives on the mortgage market. Can they expect any better results from doing it on debit again? This is SAD !! Nothing has changed and nothing was learned !
To big to fail is still getting bigger, Toxic debit still exists and is continuing to be used. As govenments buy, trade, now create what corporations use too. Mean while the political answer to all economic financial problems is give banks money for nothing and give them checks for free also. QE1 & 2 & Twist.
Not only can they borrow money for free short term, to bankroll company opperations and increase banks arbitrage on new loans, with the fed window and QE liquidity, but Twist is reducing cost of capital expenditures long term.
While they continue to NOT hire and start calling for more employment cuts. This is just SAD ! Trickle down didn't work for Reagan.
The Euro, it WILL get bailed out. There is NO alternative. Never was, just an excuse to hold the US government at ransom for QE3.
You asked, same rant, Same opinion. The sky will not fall. Big money will continue to make big money and Wall Street will prosper as usual. In my life time. I'm 64 LOL You wipper snappers could have some conern though. Who's left big enough to bail out the Euro swaps & derivatives burst. AIG? LOL
Little guys need to learn to be happy with what they have. The standard of living fell 15% in 3 years. Stop worring about the next Apple product and start learning how to grow apples.
The generous soul will be made rich, and he who waters will also be watered himself.
