The Federal Reserve is expected to announce their new policy of “quantitative easing.”
Q. Does anyone really understand what the Fed is doing?
Q. Does anyone understand if they should do 100 billion, 500 billion, or 1 trillion dollars in purchases?
Q. Does anyone understand what the effects of this program will be?
Q. Does anyone understand if they should include mortgage backed securities, 30 year bonds, CDO’s, and generally any garbage that can be purchased?
Q. Does Wall Street and the market understand what this will really do for the economy?
Q. Does the Fed itself know what it is doing?
You guessed it…
Have a nice day:)