MB Civic

after printing a cool trill back in March (quantitative easing or “QE”), the Fed looks like its gonna do it again in Novemeber – here’s Taibbi ..

QE is a highly dubious idea in general, and probably an indication that the economy is worse off than it seems by far. When the Fed stops being able to stimulate the economy by the traditional method of slashing interest rates, and has to resort to printing money by the trillions, that is a sure indication that things in the economy are seriously FUBAR. If this is what it takes to prop up home values and keep the government liquid and the stock market from collapsing, we’re all in a lot of trouble

.. read more