No sir, NEVER would they do that, it is illegal for the Fed to intervene. They just let their dealer banks do it with the Fed's money! See, no problem, another useless law circumvented. Bankers can break any law without ever facing criminal prosecution, they are god's after all.
All risk removed, Wall Street has the backing of central banks and taxpayers. No need to look for retail investors, they don't need or want you. They are playing in their own casino, they have so much money coming in from central banks they don't know what to do with it. Now the ECB will step in to the QE arena as the Fed leaves. It doesn't matter which central bank it comes from, since WWII it is one huge central bank. No growth or jobs are wanted by Wall Street, they want everything to stay like it is, flat. That guarantees QE forever and a steady flow of fresh money into stocks and bonds. The 1% will play the game themselves, the wealth is never going to trickle down. Banks still won't lend, they have no reason to, all the money goes in to the market, the returns are far better and the collateral is more liquid. They have no interest in loaning for housing, real estate doesn't trade 10,000 times a second like stocks and bonds and the Fed is not there to buy houses but they will buy stocks and bonds. Knowing you have no downside at all has created a new normal that has starved Main Street but stuffed Wall Street. It will end when there is social unrest which I expect to begin in 2016. There will be a collapse of currencies, we will see it when oil starts to spike higher. By the time central banks acknowledge it and react, it will be too late. they painted themselves in the QE corner with no way out. Eventually gravity will win, this bubble will also burst. Europeans are about to get a taste of what QE does, they are far more radical and revolutionary than we are in the US. The real economy and the 99% do matter but a very few seem to think they don't. This golden age could end in chaos. When you exclude the bulk of the population from sharing the prosperity, bad things happen.
That is what they want, a planet of slaves. They envy China, a government that sells cheap labor to global corporations. That is what they want, the working poor and ultra rich, no in between. That usually ends badly, heads tend to roll.
What do you think people are going to do to protect their money, keep it in a bank and pay to keep it there as their central bank devalues the currency? Markets will crash as cash gets pulled from banks!
Just keep fueling speculation with lower rates, more QE while you deny that there is inflation. This will end very badly. They just don't get it, there can be no recovery with $100+ oil and inflation that eats away at our buying power without wage inflation. We need wages to rise, not commodities! All their programs only benefit banks and their gambling in the markets. Not one penny trickles down, in fact they are stealing money from savers to reward gamblers! QE is destroying savers which is why they can't spend!
They just can't leave it be, they have to squeeze every penny in there. Would the country fall apart if the stock market went down a few percent? I guess so because there is a lot of money being thrown at it daily to make sure it always goes higher. Who is going to cash it all out one day?
Our government is complicit in this Ponzi. The Fed is calling all the shots, everyone is on the same page and no one dares to question anything. If you do you line up dead or under investigation from the IRS. The media is owned by corporations and the government tells them what they can and can not say.
Just plug in any number you like. The one thing we do very well in this country is lie! We don't fabricate anything except lies anymore, we leave the labor to the Chinese, we just produce numbers.
How this market always recovers at exactly the same time every day. I'm really glad we live in a free market society where everything is on the up and up without any government intervention:-).
We are 6 years in to crisis management by the Fed. Every year they say the second half of the year will be better but that day never comes. All the money they printed never trickled down, it all stayed with the banks who gamble with it in the markets and reward themselves richly. The more the Fed does, the more they gamble. Corporations refinanced and borrowed trillions more but you can't refinance an underwater mortgage. The Fed isn't here to help the economy, they only help Wall Street get richer.
People like Tepper and Cohen deserve to make another $3 billion a year for at least a few more years, don't you agree?
Record profits, stocks at all time highs, bonuses at all time records, hedge fund managers making billions a year yet the economy still needs the Fed's help? The Fed never helped the economy, all the QE money went to the pockets of Wall Street insiders who run hedge funds!
Made $12 billion combined, David Tepper alone made $3.5 billion. There are about 12,000 hedge funds in total, care to guess how much money these people took in 2013? Steve Cohen made $2.4 billion, John Paulson 2.3 billion and the list goes on and on. There are thousands who made $100 million. This is personal money, this is insane! This is what the Fed is supporting with their QE! These people are beyond ultra wealthy. We had to bail the system out when the top 1% in this country hold almost $25 trillion in personal wealth? Do you notice that the money only flows in one direction, out of the markets and in to their pockets. When they get in trouble they never dig in to their money to bail themselves out, no way. They go to the taxpayer and the fed for more money.
Every penny of QE has been taken by Wall Street and made to personal money. It is sickening to think that one man can make $3.5 billion, I'm sure the top 100 people in his hedge fund clipped a few billion more. These are people who produce nothing, they are being enriched by our Fed. Is any one man worthy of $3.5 billion in one year? Bill Gates changed the world, he built something, he never dreamed that he was going to be that wealthy but he earned it by creating something for all to use. What do hedge funds do for society? They exist to drain money from the markets and the Fed keeps pumping it in so they can take it out by the billions for themselves.
I'm sorry but this has to stop, it is totally out of control and we have the Fed to blame for it!