Msg. 04956 of 62138 (This msg. is a reply to
04945 by
capt_nemo)
Jump:
>>>
"An argument could be made that the wealth effect from QE is not evenly distributed, and that low discount rates mean savers suffer from an erosion of income."
>>>
What obozo's 'QE' did . . .
Was shovel Hundreds of Billions of Dollars into the
pockets of rich dudes . . .
While the zero percent interest rates hammered folks
who thought their life savings would make them a small
supplement to their incomes via bank interest.
- - - - - The above is a reply to the following message:
DUHHHHHH they are quick I tell ya, chezzzzzzzz JPMorgan: QE Might Have Devastating Consequences After All
By: capt_nemo in
POPE 5 Sun, 29 Jul 18 11:33 AM
"An argument could be made that the wealth effect from QE is not evenly distributed, and that low discount rates mean savers suffer from an erosion of income."
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