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bernanke's monetary helicopters in action ..

  1. 24,765 Posts.
    John Kemp: Quantitative easing has begun
    Submitted by cpowell on Thu, 2008-11-20 15:33.
    Section: Daily Dispatches
    By John Kemp
    Friday, November 14, 2008

    Quietly, without fanfare, the Federal Reserve has turned on the printing presses. The central bank is flooding the market with enough excess liquidity to refloat the banking system -- and hopes to generate an upturn in both economic activity and inflation in the next 12-18 months to prevent the economy falling into a prolonged slump...

    Quantitative easing has begun.

    Bernanke once threatened to send in the monetary helicopters if that was necessary to avoid deflation and a renewed Great Depression. The massive surge in bank reserves in the past fortnight suggests the helicopters have now been scrambled and the strategy is being put to the test.

    Full article at
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