[lbo-talk] Does QE2 work?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Nov 3 16:14:01 PDT 2010


Doug writes:


> They can buy all the bonds they want but they can't make
> the banks lend out the cash.

... or make people want to borrow. Unlike, say, expanding Freddie and expanding the Making Home Affordable program to more than just a token number of decently credit-worthy people.


> Until that changes, QE2 is bupkes.

... or worse! :-) It certainly will continue to hammer the dollar.

/jordan



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