Would the beloved FED say one thing and do another? Something the complete opposite of what they said?
- Would they lie?
Did QE really end, or not?
- I guess we can watch the FED balance sheet and see. But maybe just taking them at their word is good enough, huh?
The FED has NOT stopped buying MBS for example. In fact, they continue these purchases at the same rate as before.
The Plunge Protection Team continues its noble work of juicing the equities markets, and cheap credit lines to the TBTF banksters continue unabated.
But no worries, debt-fuelled consumption will save the day when all else fails.
"Trust me (but don't audit me) I'm from the FED, and I'm here to help."
Monday, 3 November 2014
Is QE really over?......................from Rico
From Theo Spark at 23:30
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