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do you think the FED will do QE3 sometime this year?
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<p>[QUOTE="Cloudsweeper99, post: 1410405, member: 3011"]The best solution, of course, would have been to never get into this situation. But it's too late for that and there is probably no good way out of the present situation. The derivatives are a problem. But the zero interest rates might turn out to be more of a problem even if it takes longer to develop. Eventually, a zero interest rate will destroy much of the accumulated capital in the US. A lot of damage has already been done. My personal opinion is that there will be a debt default at some point, although they won't call it that. It might start with the cancellation of the Treasury securities held by the Social Security administration. Jon Stewart jokingly suggested that we get rid of our debt to China by giving them Idaho. It seems that much higher tax rates and a much smaller military will be necessary regardless of political philosophy or even need. The America we grew up in isn't coming back.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1410405, member: 3011"]The best solution, of course, would have been to never get into this situation. But it's too late for that and there is probably no good way out of the present situation. The derivatives are a problem. But the zero interest rates might turn out to be more of a problem even if it takes longer to develop. Eventually, a zero interest rate will destroy much of the accumulated capital in the US. A lot of damage has already been done. My personal opinion is that there will be a debt default at some point, although they won't call it that. It might start with the cancellation of the Treasury securities held by the Social Security administration. Jon Stewart jokingly suggested that we get rid of our debt to China by giving them Idaho. It seems that much higher tax rates and a much smaller military will be necessary regardless of political philosophy or even need. The America we grew up in isn't coming back.[/QUOTE]
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do you think the FED will do QE3 sometime this year?
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