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re: Rick Santelli goes bonkers attacking QE and the fed
Posted on 7/15/14 at 9:10 am to constant cough
Posted on 7/15/14 at 9:10 am to constant cough
quote:
$85 billion a month in QE has been going on for six years now
Factually inaccurate. July purchases will be less than half that. Pretty sure the last month it was $85 bil was sometime late 2013.
ETA: Santelli IRATE, and wrong, and stupid.
This post was edited on 7/15/14 at 9:13 am
2
Posted on 7/15/14 at 9:21 am to 90proofprofessional
quote:
ETA: Santelli IRATE, and wrong, and stupid.
Please enlighten us on how great QE is and how it should never stop
It's pathetic that a 5-year CD is going for a 1% return these days. People like me who like to save are screwed because we can't park our money anywhere that has an interest rate that can even come close to beating inflation.
Posted on 7/15/14 at 9:47 am to 90proofprofessional
quote:
Factually inaccurate. July purchases will be less than half that. Pretty sure the last month it was $85 bil was sometime late 2013.
Oh ok, so only 5 years of pumping $85 billion a month and now it's only like $40 billion according to you. I guess that makes it all ok.
quote:
ETA: Santelli IRATE, and wrong, and stupid.
He's not wrong. All that QE pumping did was devalue the dollar. But hey if your portfolio is up then who cares right? It's free money to them!
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