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

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  •  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

      [ Parent ]

      •  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

        [ Parent ]

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