h***b
发帖数: 1233 | 1 【 以下文字转载自 Living 讨论区 】
发信人: hkmbb (hkmbb), 信区: Living
标 题: Quantitative Easing QE2--it's official
关键字: economy
发信站: BBS 未名空间站 (Wed Nov 3 15:52:35 2010, 美东)
The federal reserve concluded its 2-day meeting and officially announced the
much-anticipated Quantitative Easing QE2--buying another $600,000,000,000
worth of US government's own bonds (treasury bonds) by mid 2011. where's the
$600B come from? ***printing*** that's 6,000,000,000 pieces of $100 bill.
1st round of QE was in 2009 and brought us back from the brink of some
called "depression"... US emerged out of recession by statistics (2
consecutive quarters of growth in GDP) in June of '09 although many don't
feel that way. unemployment of 9.6% in Sep is still near record high, and so
is housing foreclosure rate. US economy is stabilizing at a low level and
refuses to improve further.
More advanced than US is the Japanese. their QE started in the 90's. 2
decades later, Japan's economy is struggling. only difference is the Yen
appreciated while the Dollar continues to depreciate...
does printing money generates wealth?! regardless, hope we're not entering
the "lost decade" like the Japanese does... |
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