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2010-11-18 — pragcap.com
Ben Bernanke has implemented QE in case he needs to buy MBS and shore up the credit markets. He wants to avoid a repeat of Q4 2008. That’s a good thing. It’s actually quite brilliant if you ask me. [Ed. note: GAG] But the fact that QE is being sold to the public as some sort of jobs creation program or Main Street stimulus is 100% nonsense.
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