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Nordstrom Inc. Message Board

  • biddermon_ca biddermon_ca Jan 26, 2013 2:49 PM Flag

    3 trillion and counting

    **The Federal Reserve’s balance sheet now tops $3 trillion, a new record. The Fed has increased its purchases of Treasuries and mortgage-backed securities as part of its so-called quantitative easing strategy to revitalize the economy**

    As the song by Dire Straits goes, "free money for nothing, and chicks for free"

    We now have had the best week since 2004, are most folks better off today than they were then. When the government subsiditzies something you get more of it, and the FED is subsidizing the markets. What will happen when the fed quits stokin the QE...higher rates and inflation as they try to unwind their balance sheet...enjoy it why it last.

    Sentiment: Hold

68.43-0.54(-0.78%)Oct 9 4:01 PMEDT