Bill Gross Warns QE3 Is Coming In The Form Of "Operation Twist" For The 2 Year

Where exactly did I type that?

The answer is - I never did. I have never even thought that.

Once again, you fabricate.

And your credibility takes another fall.


Until you learn to stop making things up and posting facts instead of putting words in people's mouths; then you are a waste of my time...no offense.


Have a more honest day.

 

Granny doin' the Twist...

... she Twistin' the night away...

... oh-oh twistin', twistin, Twistin' the night away.

 

Do you have any, or just a flapping jaw that spews garbage ?

 

I don't care what it was "meant for", it purchased agency debt.
You are absolutely void of substance.

 

yeah, your'e right, there was no housing boom.

 

The funny thing is you think that "housing boom" means people borrowed to buy goodies.

That's how confused and silly you are.

Now that we've established that there was a housing boom, what's your evidence that working people used debt to buy "goodies'.

Wait, I hear crickets chirping.

 

So you're backpedaling and admitting your claim that it was used for something else was false. Indeed, you don't even care about the own argument you made.

I hear you on THAT!

 

Let the reader note: Squiddie doesn't have any evidence for his claim and has just admitted it.


It must really suck to be a Tea Party hack.

 

Geez, give it up and read our own posts. I shouldn't have to constantly remind you of what we're discussing.

 

Psssst: most people are economically literate enough to know that increasing consumer confidence means more consuption, and hence anti-deflationary pressure. Or as you might call it, inflation.

And that was the purpose of QE2 because the conserative policies that wrecked the financial markets drove the economy to the brink of a deflationary spiral. And that, is very dangerous. Unlike a little inflation.

 

what policies were those and how do they differ now ?
We've created over one hundred trillion in dollar based derivatives since this all started, 200 trillion belonging to the top 10 US banks. (BIS & Office of the comptroller data, go read it yourself) You are ignorant of reality.

 

my claim was always that it purchased agency debt.
Learn to read more and flap your gums less.

 

the entire economy was driven by debt based consumerism, with housing as the collateral. You are once again proving yourself to be ignorant.

 

All you seem to bring to these discussions is condescension, illogical opinions and fabrications.

To me, you are a waste of my time.


Have a nice day.

 

Yep, that's what Reagan and Bush caused by shifting income so heavily from the working classes to the rich. People had to go into debt to send their kids to college or go to the hospital.

So you agree with me apparently?

 

What I love about Tea Partiers is, when you challenge their ignorance of basic economic principles, they get all huffy. Ignorance sucks and makes Tea Parties defensive.

 

Not enough since the GOP has blocked extensive regulation, but at least there is additional control of mortgage backed securities, which cased the problem.

In addition, Obama and the Democrats have tried to raise taxes on the rich, but of course the Tea Party has prevented that. It's the sine qua non of real reform.

The HRA was a good thing and will prevent alot of bankruptcies and debt in the future, since of course medical debt is the majo source of bankruptcies.

But I love market evangelist logic -- they prevent reform and then point fingers that reform hasn't happened. Typical.

Derivatives aren't the problem per se. Derivatives can play a useful role in an advanced economy in controlling risk. The issue is regulation and disclosure, which is now more less in place.

Keep shoveling those Tea Party memes!

 

For the record, this guy made up what Bernanke said and he made up what I typed.

He appears to simply manufacturers things when he feels like it.



Have a nice day all.

 

that's what I like, little men who point the finger at others for their failures and lack of action.

oh goody, you said "meme" again. that is just so cute.

 

yes, that's how housing bubbles develop, people borrowing to purchase necessities.

 

Exactly what happened in this one. Sorry that the facts don't accord to your ridiculous hatred of working Americans.

 

giggles, did your teacher tell you that?

 

giggles, did your teacher tell you that?

 

You are saying that the housing bubble was caused by people borrowing to purchase necessities?

No offense, but in my opinion, you have no idea what you are talking about.

The bubble was brought on by real estate speculation. People believed there were huge profits to be made in the market so they took out gigantic mortgages at ridiculous terms that they could only afford so long as the real estate market continued to rise. When it stopped, the whole house of cards came crashing down.

The housing boom/bust was about greed - not buying necessities.

 

they have sold away any control as they allow their friend to pillage the people of their money. read this and vomit. contact your congressman.http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817