JOBLESS CLAIMS JUMP BACK UP
from a trader on the floor " it's everybody in the pool, just because you FORCE people into RISKY ASSETS doesn't make them LESS RISKY.....(on QE) I'm not a fan..."
QE1 didn't create jobs in this country, QE 2 won't either, and the #1 problem listed is jobs.....we already have LOW LOW borrowing costs, companies sitting on huge cash horde....so only objective of the Federal Reserve is to prop up and raise asset prices....that's all they got, in for a PENNY ($2T) in for a pound (another $1T)
This folks is the ultimate ponzi musical chairs scheme, and it will RISE on a pyramid of FED money out of thin air.....and this cannot go on forever, how do ponzi schemes end?
D
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