It also plans to push billions into the economy by so-called - TopicsExpress



          

It also plans to push billions into the economy by so-called unconventional means – buying securities from banks. Those are ABS, or asset backed securities, created by high street banks bundling together mortgages and other loans ---- This is the same printing money out of thin air to buy Its own securities that the US Fed has been doing and will result in the same outcome that we have been trying to recover from for 6 years now. Boy wouldnt it be nice to be a central banker. ... SMH
Posted on: Fri, 05 Sep 2014 05:53:25 +0000

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