The 16 Trillion dollar woman

On the Fed's QE program: "You know, a lot of people say, this [asset buying] is just helping rich people. But it's not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

Uhuh.

http://content.time.com/time/magazine/article/0,9171,2162267,00.html?pcd=pw-magic

 

I guess she has to say "stronger recovery", otherwise she would scare everybody and they would put their money back under the mattress.

 

1) Deflation is a "bitch".
2) The "recovery" is only occurring amongst "The 1%".

 

when I read the title, I actually thought one woman had made 16Trillion! .
I was like "wow! Is that true?"....
Oh well...

 

I have never been a big fan of the trickle down effect. But it can and does work. I even started a social media platform that puts the trickle down affect to use.