Qe2 Quotes

I've had it with being nice, understanding, fair and hopeful. I feel like being negative all day. The chip on my shoulder could sink the QE2. I've got an attitude problem and nobody better get in my way...I'm in a bad mood and the whole stupid little world is gonna pay!

After Hymns and tears, they boarded the brig Thaddeus, a vessel so crappy, it made the Mayflower look like the QE2.

Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.

The formula that allowed Murphy to overtake Paley’s QE2 was deceptively simple: focus on industries with attractive economic characteristics, selectively use leverage to buy occasional large properties, improve operations, pay down debt, and repeat.

It was premature to make a definitive judgment about the effects of QE2, but the early signs seemed promising.

We called it the Maturity Extension Program. The press, not quite accurately, nicknamed it “Operation Twist,” after a Fed program of the same name during the early 1960s. Back then, under the leadership of William McChesney Martin, the Fed bought longer-term securities and sold shorter-term securities in an attempt to “twist the yield curve”—that is, lower long-term interest rates (to stimulate spending and investment) and raise short-term rates (to protect the value of the dollar, supposedly).‡ This time, our goal wasn’t to move short-term and long-term rates in opposite directions but to bring long rates closer to rock-bottom short rates. With so many reserves already in the banking system and our promise to hold rates at zero at least through mid-2013, we saw little danger that selling short-term securities would lead to a significant rise in short-term rates. Thus, we expected our purchases under the Maturity Extension Program to have effects similar to those of our purchases under QE2.

Whatever bond Rick had enjoyed with Roger in the previous fifteen or so years was terminally broken, and Rick’s downfall was swift. Steve was happily cruising to America on the QE2 when he was called by Roger and told to have Rick out of the band by the time Roger arrived in LA, where the album was due to be mixed.

MARKETS SEEMED TO anticipate QE2 and take it in stride.