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and...? its been said a hundred times (if not more) that the fed's goal in qe is simply to transfer wealth from savers (of which the elderly are the primary group) to the big banks. what's new about this? this was all part of the "change we could believe in". continue the same practices as the previous failed policy and administration.
But Olias will tell us it "just isn't so". I mean, how could we be so certain that the Fed's unprecedented policies are actually doing any harm to anyone. I mean, golly gee whiz.
You're really not too bright are you? Obviously QE hurts the elderly (fixed income) crowd to some degree. I would never say otherwise. Why don't you dig through my posts and show me where I said that? ...and when you don't find it, come back and retract your statement. What I will say, and have said, is that yes, there is a price to pay for printing money. But we are between a rock and a hard place. It is a necessary evil. You see, there a nuance there that you don't seem capable of picking up on. You seem to oversimplify. Everything is black and white to you. Try to keep up
so, i'm curious, gabfly. what about olias's post do you agree with? are you supporting his economic view or are you just anti-denner? i'm genuinely curious, because i'm looking to debate your (and his) economic views if you truly believe the fed's decision is the right one.
He's upset that I outted his man crush on Marketsurfer. Just another socialist loser that doesn't even reside in the US. Seem to be alot of north of the border folks who cheer on the demise of this country.