I said it in post a day or so ago ,QE3 is just going to buy up MSB packages (mortgage bundles) probably the bad ones from the banks who are already filthy rich from QE1 & QE2.
Us kitchen table economists know this will do nothing for jobs and will add 40 billion more to the deficit every month.
The only conclusion one can draw from these moves are that they sure want to bust all the social welfare programs in a lame attempt to cut the deficits..One can only guess where this will end up, I'm closing my eyes.
10 Shocking Quotes About What QE3 Is Going To Do To America:
'via Blog this'