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View Diary: BREAKING: Fed Launches $40-Billion-a-Month QE3 Stimulus (129 comments)

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  •  It will raise the price of oil (1+ / 0-)
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    erush1345

    That's what I said, and that is what will happen.

    And things based on the price of oil will also likely rise in price.

    Money Week - QE favours the rich

    Oil, stocks and gold all went up yesterday in anticipation.
    The Fed prints and prices rise for the people the Fed action pretends to help. The first round of QE drove food prices up 20% and oil up 59%. Then, QE2 pushed up oil another 30%, while food rose 15%.
    •  You've said quite a bit more than oil (0+ / 0-)

      And the price of oil goes up as the economy improves because people use energy to do all those economic activities.

      So, any action which improves the economy will tend to raise the price of oil.

      Romney economics: Feed our seed corn to the fattest pigs and trust them to poop out jobs.

      by blue aardvark on Thu Sep 13, 2012 at 11:47:55 AM PDT

      [ Parent ]

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