"Quantitative Easing" -- or "QE" -- my butt. The Fed loves the locution because it rings of careful policy crafted by the wisest of the wise.
Wrong, Bunkie. It is a pure and simple dilution of every dollar you have accumulated. It is money-printing.
So "QE" deserves a twee name. I nominate Kwee. As in, "Last week the Fed imposed Kwee 3 on the liquid wealth and productive forces of America."
Kwees are cute, also expensive as Hell. Permit me to take you back about four years, to a TMR report Dec. 4, 2008, when the the federal government was only thinking about bailing out every thuggish and incompetent business in sight.
As of the time the Mr. Coffee wheezed itself full today, wholesale gasoline needed to decline just 29/100ths of one cent (about the value of a Pelosi promise) to be below $1 per gallon. And a pound of lead now trades at 45.5 cents.
The corresponding prices today are about $3 for wholesale gasoline and around $1 for lead. The difference is what it cost you to permit the politically connected money barons to enjoy all the rewards of capitalism but none of the penalties. 'course if your personal income has doubled or tripled in the past three years and 10 months, you probably aren't all that upset. Show of hands, please?
Pronunciation aid: "kwee" rhymes with "Weimar."