That would be fine if it was money going to the consumer. Those with short tern debt would be forced to pay off the debt with that money. Those who were responsible, just got to keep the money, spend it and put it back into the real economy, whatever they like.
Handing it to the banksters (note former brokers that became banker so they could receive the free money and zero interest money ) and large corporations to spend it inefficiently, or at high non-competitive bids on "shovel ready" project. Well....that is just thievery AND stupidity AND an act of desperation, hoping that somehow a magic solution appears as they kick the can further down the road.
No one wants to "suck up" a difficult solution if there is even a 5% chance that something else might work.
Steveo
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RBA - Royal Bank Australia did a surprise rate hike that jolted the AUD /USD past a ratio of 1 or parity. Although even numbers are often psychologically "sticky" with humans, the big hype about "parity" and the significance of this buzzword, is technically not important. However, rate hikes are "news that matters" as is QE2 -- always the question though---what is already baked in the cake?
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RBA - Royal Bank Australia did a surprise rate hike that jolted the AUD /USD past a ratio of 1 or parity. Although even numbers are often psychologically "sticky" with humans, the big hype about "parity" and the significance of this buzzword, is technically not important. However, rate hikes are "news that matters" as is QE2 -- always the question though---what is already baked in the cake?
