They do it because the executive and legislative branches of the federal government are hopelessly deadlocked. Everyone saw that during the stupid debt ceiling debate, right? It's happening with every budgetary measure. They are the only ones that have the authority to do what they want by a small committee vote. They are the only game in town.
Uncle Ben. The so called expert on the great depression aye! Was he even alive then and did he actually live through it? NO!!! There is a an old saying "Those that can't work, teach!" Thank you Uncle Ben please go back to teaching pleasssseeeee. Uncle Ben your QE theory just doesn't work. You actually need to raise rates.
gentlemen, what can i say, manual work is cheap, engineering, cheap. doctors cheap, resources are not. Add war or two maybe even major one and resources should be featured in long side of portfolios.
Who do you think will end up buying the balance sheet off the Fed? The banks will probably buy some for pennies on the dollar. But, I say China.