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View Diary: BREAKING: Fed Launches $40-Billion-a-Month QE3 Stimulus (129 comments)

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  •  When can we expect the effects of this to... (2+ / 0-)
    Recommended by:
    marianevans, blue aardvark

    ...show up in the numbers?  Is this enough time for the October jobs report to show good numbers?  Seems like mid September, we've only got a couple weeks to get this thing going.

    "If these Republicans can't stand up to Rush, how can they stand up to the Iranians?" - Redmond Barry

    by xsonogall on Thu Sep 13, 2012 at 10:32:44 AM PDT

    [ Parent ]

    •  Stock market will go up immediately (4+ / 0-)
      Recommended by:
      marianevans, Jarrayy, MGross, George Hier

      This does nothing for regular people, except probably lead to higher gas prices.

      Oh.. and mortgage rates will be unbelievably low (as they have been), but you still won't be able to get a loan without a hefty down payment.

      •  Soooo... this is bad? (1+ / 0-)
        Recommended by:
        marianevans

        Because if gas prices go up, consumer confidence goes down, leading to worse job numbers?

        "If these Republicans can't stand up to Rush, how can they stand up to the Iranians?" - Redmond Barry

        by xsonogall on Thu Sep 13, 2012 at 10:39:07 AM PDT

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        •  Jerry J is a troll. You can ignore him. (1+ / 0-)
          Recommended by:
          clubbing guy

          This is excellent news. It should free up banks to start lending and stop sitting on their reserves. This will make it easier for small businesses to get credit lines to be able to do business, help homeowners refi, etc.

          President Obama at Madison Rally 9/28/2010 - "Change is not a spectator sport."

          by askew on Thu Sep 13, 2012 at 11:39:27 AM PDT

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        •  There is no connection between gas prices and.... (0+ / 0-)

          the money supply.  None.

          Gas prices are so unmoored from general inflation that they aren't even included in the basket of goods used to calculate overall inflation.

          Refinery fires, OPEC actions, Libyan revolutions, and a thousand other things that have absolutely nothing to do with inflation cause gas prices to spike and drop.  Gas and food are particularly unmoored from general inflation.

          Art is the handmaid of human good.

          by joe from Lowell on Thu Sep 13, 2012 at 11:46:31 AM PDT

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    •  I think the benefits can start right now. (11+ / 0-)

      Businesses that have been on the sidelines can now put their money in with confidence.  Just the show of support from the Fed is enough to engender some initial economic activity.  

      Alternative rock with something to say: http://www.myspace.com/globalshakedown

      by khyber900 on Thu Sep 13, 2012 at 10:35:54 AM PDT

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      •  I like the sound of that better... (2+ / 0-)
        Recommended by:
        FiredUpInCA, marianevans

        Really hope it moves the jobs needle by October jobs report...  The small businesses that actually want to hire but needed something like this can feel good and I hope they do a lot of hiring immediately... Though I'm guessing if you're a CEO hoping Romney wins in November, you're probably not going to start hiring anybody now just because the Fed did something.

        Man, I wish they had done this a month ago.

        "If these Republicans can't stand up to Rush, how can they stand up to the Iranians?" - Redmond Barry

        by xsonogall on Thu Sep 13, 2012 at 10:42:49 AM PDT

        [ Parent ]

        •  The jobs report isn't as important as the economic (3+ / 0-)
          Recommended by:
          xsonogall, marianevans, askew

          confidence index. Research has shown that politically, consumer confidence is more highly correlated than the unemployment rate to the incumbent's success.

          Last week when the Dow went up 250 points, the economic confidence index as measured by Gallup went up to its highest level in a year.

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