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The Sandbox - National The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here.

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Old 09-13-2012, 11:15 AM   #1
SEE3772
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Default As I predicted last night... Fed to launch QE3 by buying mortgage backed securities

The Fed said it would buy mortgage-backed securities at a pace of $40 billion per month.
http://stream.marketwatch.com/story/...27/SS-4-11598/

http://www.eccie.net/showthread.php?t=549273
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Old 09-13-2012, 05:44 PM   #2
I B Hankering
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Quote:
Originally Posted by waverunner234 View Post
What QE3?
Who's ignorant?
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Originally Posted by CJ7 View Post
then you tell us about QE3 Mr has a Clue
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Originally Posted by CJ7 View Post
if you found it on the net and jim said it then its true !!

woohoo!

What happened to all of that chatter from the peanut gallery!?!
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Old 09-13-2012, 05:56 PM   #3
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God help the people on fixed incomes when the inevitable inflation comes.
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Old 09-13-2012, 06:37 PM   #4
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Quote:
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God help the people on fixed incomes when the inevitable inflation comes.
+1
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Old 09-13-2012, 06:42 PM   #5
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Gave the stock market a kick in the ass ...
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Old 09-13-2012, 06:43 PM   #6
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God help the people on fixed incomes when the inevitable inflation comes.

God help us all, when the dollar isn't worth the paper it's printed on.
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Old 09-13-2012, 07:41 PM   #7
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Ka-ching. I made a hefty sum today.
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Old 09-13-2012, 07:56 PM   #8
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God help us all, when the dollar isn't worth the paper it's printed on.

Isn't that now? The rest of the world just hasn't fired us yet.
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Old 09-13-2012, 08:25 PM   #9
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Isn't that now? The rest of the world just hasn't fired us yet.
I think the house of cards will collapse when we have to roll over the national debt at substantially a higher interest rate.

We can barely carry sixteen trillion at two percent interest. When the debt goes to twenty trillion at ten percent interest, that's probably about the limit.

The higher debt, will cause higher interest rates, which will drive the debt even higher, which will drive the rate higher, lather rinse repeat. Game over.
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Old 09-13-2012, 08:37 PM   #10
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Originally Posted by joe bloe View Post
I think the house of cards will collapse when we have to roll over the national debt at substantially a higher interest rate.

We can barely carry sixteen trillion at two percent interest. When the debt goes to twenty trillion at ten percent interest, that's probably about the limit.

The higher debt, will cause higher interest rates, which will drive the debt even higher, which will drive the rate higher, lather rinse repeat. Game over.
back to the Carter days?
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Old 09-13-2012, 11:18 PM   #11
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I hope it is like the Carter days. It could be much worse.

If I remember correctly the interest payments on the debt are currently around 240 billion. Current interest rates are about 1 to 2% on T bills. What happens to the budget when the low interest rates are 8 to 10%. The current drastic budget cuts that are being objected to will be trivial. There won't be any money for social programs. we will be sending it to China as interest payments.
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Old 09-13-2012, 11:55 PM   #12
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Isn't that now? The rest of the world just hasn't fired us yet.
http://www.eccie.net/showthread.php?t=548595
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Old 09-14-2012, 06:08 AM   #13
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China only hold about8 percent of our debt.
How much debt does SS hold?
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Old 09-14-2012, 09:53 AM   #14
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Ka-ching. I made a hefty sum today. Wonderful, now it is worth less. Congratulations! Like winning a bidding war to a classic car and finding it has no engine.
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