Quote:
Originally Posted by jms62
Matt if they don't do QE3 and the markets ****ing tank big time going into November how do you think that would have helped Obama? Jimmy Rogers feels the same way, Bernanke did it to keep his job. We shall see. I see it as a ****ing boondoggle. Think about the law of unintended consequences, Fed is saying they will keep doing it until the labor market improves. The net affect is that it will inflate the markets and put a floor under it. Greedy bastard CEO's are the ones that will seriously profit from this. Why would they hire?
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I don't disagree with you there, my point was about people (middle-class) thinking things are good/getting better just because the market is flying.
I want to believe that people are starting to realize that this enitre thing is a house of cards.