QE3, QE4 aren't all they're cracked up to be!Submitted by George Strait on Sun, 01/06/2013 - 20:11
It looks like instead of printing money like they said they would, the Fed is just playing a shell game.
The Fed hasn't printed any new money in a year, and just recently it transferred $90 billion from loans to foreign central banks to loans to private banks (which will probably be pressured to buy treasuries).
Like the article says, we may continue to have a strong dollar while borrowing costs for foreign banks go up. Seems like a natural move midway through a crisis; save yourself, let the others drown.