September 13, 2012

It's QE3!

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

This is open ended. $40,000,000,000 per month from now until doomsday.

A few weeks ago when Wall Street analysts predicted this (and I thought they were going out on a limb) they sent out an email with this gif:


This means debt is going to get cheaper and your purchasing power is going to drop even further. Wheee!

Also get into precious metals. Goldbugs are going to be thrilled. Do not, however, overlook silver. It's been very very good the last few years.

Posted by Duffy at September 13, 2012 03:26 PM | TrackBack

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