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Alcoa Inc. Message Board

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  • yourdeadmeat69 yourdeadmeat69 Apr 22, 2012 9:59 AM Flag

    Jerks Looking for more QE!!!!

    To get back on topic, the next meeting of the Fed is supposed to provide lemmings another opportunity, for QE!!! QE, giving money to banks so that banks can redeposit the money back in the government and get 3% for NOTHING, has not trickled down to joesixpac. The lowering of irates has, and continues until the last loan for real estate during the bubble years of 2003-2008 gets sopped up.

    My feeling is, that won't begin to show progress until about 2018--we're starting to see some housing "inflation" as a result of lowered irates now in key communities, like DC and parts of NY and selected areas of California.

    Until those prices reach the valuations in 2008--and we're 30% away from those peak valuations, my feeling is the current irates will remain at record lows.

    But throwing more money at the problem? I don't think giving banks another whack at trillions does anything for joesixpac.

    Which is why hoping for QE3 is such a farce. It's not going to happen unless we get a triple dip in housing and unemployment creeps up again. We'll be looking at 8.2% unemployment for the next four years, under any "management" team.

 
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