FedRes Stimulus Goes From 'Shot In The Arm' To 'QE4-Ever' !

• Fed Stimulus Goes From ‘Shot In The Arm’ To  ‘QE4-Ever’! 
  by SEN. JIM  DEMINTSEN, http://www.investors.com/ 
  We really ought to quit calling the Federal Reserve’s latest round of quantitative easing “QE3.” Federal Reserve Chairman Ben Bernanke’s third round of quantitative easing is to go on indefinitely, institutionalizing his money-pumping policies. The Fed will buy mortgage securities, at a rate of $40 billion per month, until he feels better about the state of the labor market — an immeasurable standard subject to the political whims and pressures of the day.
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  This “quantitative” easing is unquantifiable. Bernanke skipped right over QE3 and went straight to QE4-ever. After four years of aggressive interventions, there is still no discernible strategy for the Fed to extract itself from the market, prevent inflation, or address the high costs of financing our ever-increasing deficit.
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  If the first two rounds of easing were supposed to be a “shot in the arm” for the economy, now the Fed is shoving an intravenous drip into it — action that’s sure to foment a nasty dependency on cheap and constant cash.
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  Our printing press is a dangerously addictive painkiller. The Fed has dumped more than $2.3 trillion into the economy since 2008. Yet, all this cash hasn’t healed the economy, it’s just given it an insatiable craving for more. A recent New York Fed study showed that over half the last decade’s stock market gains, according to one major index, are due simply to expectations the central bank will act.
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