Posted 1 year ago on Sept. 1, 2012, 10:51 a.m. EST by hchc
from Tampa, FL
This content is user submitted and not an official statement
Ok, so there is a guy named Charles Biderman who is fairly respected in the finance community (depending on who you talk to, like anyone else in any other field).
Anyways, he makes some great comparisions to the QE 1 and 2, and then Twist, in relation to the bump it gave the stock market.
Long story short, each time they do it, it gives a smaller percentage increase than before.
The Fed hinted it's going to be doing something again soon. This isnt going to be terribly effective. But it's the only trick they have. Thats it.
The politicians arent going to do anything about the problems. They caused them, along with their funders. And we have ZERO new parties/people in DC to vouch for us.
Great video, great commentary. And probably worth subscribing to.