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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148390)	1/24/2015 5:02:07 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149319

QE only benefits the 1%, not the 99%. I've been telling you this for years, but you guys love Krugman too much to listen to common sense. Perhaps you'll listen to the people who are in the business of making money from QE...JP Morgan. They repeat what I've tried to help you understand. Wake up, Ted. From JPM's Nikolaos Panigirtzoglou...How QE will hurt the European economy: The wealth effects that come with QE are not evenly distributing. The boost in equity and housing wealth is mostly benefiting their major owners, i.e. the wealthy. Savers, who are long cash, are instead suffering an erosion of their income and wealth. In the case of euro area more specifically, given structurally lower allocation to equities by households, any potential boost to equity prices from the ECB’s QE will likely have smaller wealth and confidence effects than the Fed’s QE had in the US. ftalphaville.ft.com Quantitative Easing and Wealth Inequality dailykos.com