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QE3: Finding a Vein for that Sweet, Sweet Junk

Posted By Barry Ritholtz On September 16, 2012 @ 9:39 am In Federal Reserve,Humor,Video | Comments Disabled

Trevor “Deuce” Bagge, just your average financial muckymuck finally scores the fix he has been craving for so long.Relief washed over him in warm waves with a few quick shudders…..mmmmmmmmmm…..back in business.The money goes mainline into the banks and then into the whole circulatory system – treasuries, mortgage backed securities,commodities, stocks,balance sheets…with nothing actually going to create jobs or re-inflate the real estate market.Luckily this fix doesn’t stop – Bernanke said this time the fix goes on forever.

Hat tip Mike Panzner [1]


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URL to article: http://www.ritholtz.com/blog/2012/09/qe3-finding-a-vein-for-that-sweet-sweet-junk/

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[1] Mike Panzner: http://www.financialarmageddon.com/

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