Tuesday, June 28, 2011

Quantitative Easing is a Circle Jerk

QE 2 will end this Thursday. It will cap nearly one trillion dollars of bond buying by the Federal Reserve. In essence the Fed had to borrow money to buy much of the trillion dollar U.S. government bonds. The U.S. government that issued the bonds did so to repay previous creditors. How long will this financial masturbation last? Oh I almost forgot .The two circle jerkers also work in the same building. But of course.

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