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An interesting thought on The Twist: Is the move a recognition that QE2 - aimed at Wall Street...

An interesting thought on The Twist: Is the move a recognition that QE2 - aimed at Wall Street by pumping asset prices and sinking the dollar - was a failure? Operation Twist, it appears, is targeted at helping the average citizen by lowering mortgage rates and increasing purchasing power with a stronger dollar.
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Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    QE2 was a failure whether or not the Fed ever gets a clue about it. Of course, it wasn't a failure if you define the objective as being to make well-connected banksters and other members of the political-corporate "elites" a whole bunch of money.
    26 Sep 2011, 12:58 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Why over-analyze this stuff? (Just had a thought for a movie: "Overanalyze This!")

     

    The Fed is flopping about like a fish on the bottom of the boat.

     

    Mortgage rates are already at historic lows. If you want to help the average guy, you might make it possible to earn more than -1.5% on his savings. Probably the best way to help the average guy is to stop helping him.
    26 Sep 2011, 02:29 PM Reply Like
  • User 496606
    , contributor
    Comment (1) | Send Message
     
    If helping the average citizen, with the dollar going higher, the price of oil per barrel will go higher. Then I ask how is helping the average citizen? Pushing the price of the dollar lower below the yuan, this would raise the export prices and slow down the yuan? Making gold the reserve as it should be, the dollar would be backed and make it a stronger currency instrument and eliminate deflation?
    26 Sep 2011, 03:05 PM Reply Like
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