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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (32828)7/5/2010 3:16:49 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "I don't think QE has really ever been tried before...very dangerous stuff like Kryptonite..."

That is correct.

(Aside perhaps from some small-scale trials in Japan a few years ago), I believe it had largely only been theorized about.

That is until 2008 and 2009 when the US Federal Reserve bought some trillion and a half of treasury bonds and mortgage-backed bonds to staunch the collapse into Depression and the near total shutdown of US housing markets....