Article

2011-09-21 Economy

Walker sez President Obama's Deficit Plan 'Worse Than Nothing'

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Posted by Besoeker 2011-09-21 03:24|| || Front Page|| [1 views ] Top

#1 The UK Telegraph is predicting QEIII will happen today (in the US).

All this will do is fuel inflation and maybe prop up the asset bubble for a few weeks or months.

Posted by phil_b 2011-09-21 04:04|| 2011-09-21 04:04|| Front Page Top

#2 For the recovery to start happening yields have to start rising, QE does the opposite lowering yields.

Posted by Bright Pebbles 2011-09-21 08:58|| 2011-09-21 08:58|| Front Page Top

#3 I think the game plan for QE3 is for the Treasury to issue more 10 and 30 year bonds and fewer short term bills, notes and bonds.

It would have the effect of flattening the yield curve. As of today, the yield on a 1 year is 009% and on a 30 year it is 3.2%..

If the yield on shorter term instrument could be raised, the citizens who live on the interest of CDs could, on the margin, get more and spend more. If the yield on long term instruments could be lowered, it would, again, on the margin, make homes more affordable.

Posted by Lord Garth 2011-09-21 09:40|| 2011-09-21 09:40|| Front Page Top

#4 I meant 0.9% on the 1 year

Posted by Lord Garth 2011-09-21 09:40|| 2011-09-21 09:40|| Front Page Top

#5 I think airandee's (sorry if spelling off) idea of printing off a buttload of stamps and borrowing against their value and assumed sale is a better idea.

Posted by swksvolFF 2011-09-21 11:59|| 2011-09-21 11:59|| Front Page Top

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