The Fed’s $600 Billion Statement, Translated Into Plain English

[sdrealtor]

I maybe an a-hole in your eyes but at least I was right. You are still are hanging onto the same point of view. A broken clock is right twice a day and eventually you may be also.

[scaredyclassic]

A broken clock may not be right twice a day if it’s just slow. Could be wrong all day.

[scaredyclassic]

A broken clock may not be right twice a day if it’s just slow. Could be wrong all day.

[scaredyclassic]

A broken clock may not be right twice a day if it’s just slow. Could be wrong all day.

[scaredyclassic]

A broken clock may not be right twice a day if it’s just slow. Could be wrong all day.

[scaredyclassic]

A broken clock may not be right twice a day if it’s just slow. Could be wrong all day.

[lepetitangel]

Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!

[lepetitangel]

Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!

[lepetitangel]

Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!

[lepetitangel]

Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!

[lepetitangel]

Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!

[CA renter]

Great post, lepetitangel. Bernanke is not only screwing the upper and middle classes (who are in far better shape than most because they have discretionary income/savings to invest in inflation hedges).

The ones who are feeling the most damage are the ones at the bottom who are seeing their purchasing power diminished rather dramatically. We won’t even go into the screwing the senior citizens and others on fixed income are getting. They are getting hit the hardest of all, IMHO. I can’t understand why the AARP or somebody — anybody! — isn’t raising hell about this.

[CA renter]

Great post, lepetitangel. Bernanke is not only screwing the upper and middle classes (who are in far better shape than most because they have discretionary income/savings to invest in inflation hedges).

The ones who are feeling the most damage are the ones at the bottom who are seeing their purchasing power diminished rather dramatically. We won’t even go into the screwing the senior citizens and others on fixed income are getting. They are getting hit the hardest of all, IMHO. I can’t understand why the AARP or somebody — anybody! — isn’t raising hell about this.

[CA renter]

Great post, lepetitangel. Bernanke is not only screwing the upper and middle classes (who are in far better shape than most because they have discretionary income/savings to invest in inflation hedges).

The ones who are feeling the most damage are the ones at the bottom who are seeing their purchasing power diminished rather dramatically. We won’t even go into the screwing the senior citizens and others on fixed income are getting. They are getting hit the hardest of all, IMHO. I can’t understand why the AARP or somebody — anybody! — isn’t raising hell about this.

[CA renter]

Great post, lepetitangel. Bernanke is not only screwing the upper and middle classes (who are in far better shape than most because they have discretionary income/savings to invest in inflation hedges).

The ones who are feeling the most damage are the ones at the bottom who are seeing their purchasing power diminished rather dramatically. We won’t even go into the screwing the senior citizens and others on fixed income are getting. They are getting hit the hardest of all, IMHO. I can’t understand why the AARP or somebody — anybody! — isn’t raising hell about this.

[Author]

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