Not for a month or so. Pumping a ton of cash into the economy right after a downgrade will make it look like the Fed has lost faith in its own economy. They'll wait a while before continuing their bumfuckery.
Buy on AliExpress.com
Global Financial Crisis (10 Viewers)
- Thread starter Dostoevsky
- Start date
Buy on AliExpress.com
The FED might not call it QE, but they sure as hell will do something of the sort. Bernanke and his Keynesian friends will never stand by without doing something to keep spending going because their whole thesis revolves around that to "save" the economy. It's an extremely flawed and moronic theory, but is their bread and butter. For now they might not need a QE3 because capital is rushing into T-Bills due to Europe's problems, but the focus across the point will not last forever.
This is from the FOMC Policy announcement yesterday:
http://federalreserve.gov/newsevents/press/monetary/20110809a.htm
So, that essentially means they will keep their Zero Interest Rate Policy (ZIRP) in place for another two years, which will put more downward pressure on the value of the dollar just to save the fucking bankstains. Too bad many of them are screwed anyway, and I hope Bank of America fails so hard that riots consume the streets... might as well kill off some unemployed bankers.
The FED basically admitted that the US economy is fucked for another two years, which is of course another one of their "conservative" estimates. It's cooked for much longer than that, unfortunately, partly because of their inane policies.
Why people still trust what this group of financial terrorists have to say, along with politicians who talk about the economy, or faggots like Paul Krugman, is beyond me. But people believed them, bought into the recovery, and now they are feeling the pain in the markets. I have zero sympathy for those people... at least until they become so outraged that we are able to blow up our political system and Federal Reserve and begin anew because the current system will eventually cause the demise of my country.
This is from the FOMC Policy announcement yesterday:
http://federalreserve.gov/newsevents/press/monetary/20110809a.htm
So, that essentially means they will keep their Zero Interest Rate Policy (ZIRP) in place for another two years, which will put more downward pressure on the value of the dollar just to save the fucking bankstains. Too bad many of them are screwed anyway, and I hope Bank of America fails so hard that riots consume the streets... might as well kill off some unemployed bankers.
The FED basically admitted that the US economy is fucked for another two years, which is of course another one of their "conservative" estimates. It's cooked for much longer than that, unfortunately, partly because of their inane policies.
Why people still trust what this group of financial terrorists have to say, along with politicians who talk about the economy, or faggots like Paul Krugman, is beyond me. But people believed them, bought into the recovery, and now they are feeling the pain in the markets. I have zero sympathy for those people... at least until they become so outraged that we are able to blow up our political system and Federal Reserve and begin anew because the current system will eventually cause the demise of my country.
OP
