Forty-eight of 49 economists say the Federal Reserve could do the unthinkable tomorrow

If buying shady mortgage paper created jobs, wouldn't the economy have been stimulated for the past 10 years?

Insanity: doing the same thing over and over again and expecting different results.

If buying shady mortgage paper created jobs, wouldn't the economy have been stimulated for the past 10 years?

Insanity: doing the same thing over and over again and expecting different results.

Tomorrow is 12/12/12 = 333

wow you print money and buy mortages with it
i guess their not hurting

Tomorrow is 12/12/12 = 333

We need an Economic Jesus to absolve all of the debt so the world can have a fresh start. lol jk thats impossible were fucked.

Get ready for $5 ramen.

I heard what sounded like a voice from among the four living creatures, saying, "One day's ration of wheat for a day's wage, or three day's ration of barley for a day's wage! But don't damage the olive oil or the wine!"

Revelation 6:6

The Federal Reserve will amplify record accommodation tomorrow by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion, according to a Bloomberg survey of economists.

Forty-eight of 49 economists predict the Federal Open Market Committee will purchase Treasurys to bolster an existing program to buy $40 billion in mortgage bonds each month. The panel pledged in October to continue that plan until the labor market improves "substantially."

"It's going to be massive and open-ended in size," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York and a former New York Fed economist.

Chairman Ben S. Bernanke and his FOMC colleagues will press on with purchases at least through the first quarter of 2014, according to the median estimate in the Dec. 7-10 survey. They are expanding the balance sheet beyond $2.86 trillion in a bid to spur growth and lower an unemployment rate of 7.7 percent.

"They view this stimulus as what's needed to sustain the economy" and reinforce improvements in industries such as autos and housing, said John Silvia, chief economist at Wells Fargo & Co., the biggest U.S. home lender.

[link to www.bloomberg.com]

This also devalues the dollar by 4% a month so figure what is ahead can you say 5 dollar loaf of bread. and if we do not settle the over the cliff problem 5 days after Chritmas 4 million people will lose unemployment.

Tomorrow is 12/12/12 = 333

We need an Economic Jesus to absolve all of the debt so the world can have a fresh start. lol jk thats impossible were fucked.

Well did anyone Kiss you?

So, 4 years running of ZIRP, and 3 continuous QE programs which have nothing but lifted the stock market to highs shy of 2008 are not indicative that the economy is in dire trouble?

Oh wait, they laundered trillions in fraudulent mortgages for the biggest banks during that time so I guess all is not lost.

Exactly what I've been thinking about lately.

What the FUCK!!

Why is this not even in the news?

Not impossible!! :)

This years' will be a Very Merry Christmas !

I know you look forward to it. It's been some time coming. Everything in its time. Remember to share & help each other. Secrets bring dis-ease. Hear the bell ring. Have faith. Trust in one another.

x

Economic Jesus says.. it's all play money.. it has no real value to the FED.. or the elite.. they can just print more.. it's not relevant to any goal on their agenda.. it's for control only.. unthinkable to you.. but only because you give them that power over you..

They are buying your homes for pennies on the dollar.....and we just let them.

Too bad its always for the banks and Wall Street. Want to get the economy going? Refinance peoples personal debt to the 0.25% interest rate that Wall Street banks pay for money.