no run and let the consumer space it out in bitcoins.i need a trail to fort knox.
The Federal Reserve Board has announced that it is ending its Quantitative Easing (QE) program. Monetary policy and Wall Street finance decisions like this one typically make the average person roll their eyes and groan about abstract concepts that don’t seem to affect them — that is, until the failure of poorly conceived financial instruments threaten to bring the American economy to its knees and produce a recession or depression.
So what is QE, exactly? It began in 2008 and was designed to try to bolster the sagging economy by injecting money and increasing the availability of credit. A helpful New York Times piece explains QE using charts. They show that for the last six years, the Fed has been buying bonds — lots and lots of bonds, to the point where it now owns $4.8 trillion of them. And it hasn’t limited its bond buying to…
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