StoopTroup
11/9/2010, 01:26 PM
Some really fun stuff to think about while you're watching the whorns dismantle the gumbies....
FACTBOX - What is quantitative easing?
Central banks throughout the world are considering or turning to non-conventional measures like quantitative easing to keep credit flowing as they run out of scope to lower benchmark interest rates any further.
Read more: http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx#ixzz14oLF5pXN
Yummy....
* U.S. FEDERAL RESERVE:
-- Economists agree the Fed's various programmes to boost the flow of credit through the expansion of its balance sheet to over $2 trillion (1.41 trillion pounds) can be regarded as a form of quantitative easing.
-- On March 3, the Fed announced the details of the Term Asset-backed Securities Loan Facility, TALF. A $200 billion (91 billion pound) programme to lend against securities backed by student, auto, credit card and business loans, TALF could expand to $1 trillion and include troublesome mortgage and debt securities from banks.
-- The Fed is buying highly rated, U.S.-dollar denominated, three-month commercial paper through a special purpose vehicle to run until October 30.
-- In January, the Fed started a programme to buy $100 billion in the direct obligations of housing-related government sponsored enterprises -- Fannie Mae, Freddie Mac and the Federal Home Loan banks -- and $500 billion in mortgage-based securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.
Read more: http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx#ixzz14oLk4WGC
http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx
FACTBOX - What is quantitative easing?
Central banks throughout the world are considering or turning to non-conventional measures like quantitative easing to keep credit flowing as they run out of scope to lower benchmark interest rates any further.
Read more: http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx#ixzz14oLF5pXN
Yummy....
* U.S. FEDERAL RESERVE:
-- Economists agree the Fed's various programmes to boost the flow of credit through the expansion of its balance sheet to over $2 trillion (1.41 trillion pounds) can be regarded as a form of quantitative easing.
-- On March 3, the Fed announced the details of the Term Asset-backed Securities Loan Facility, TALF. A $200 billion (91 billion pound) programme to lend against securities backed by student, auto, credit card and business loans, TALF could expand to $1 trillion and include troublesome mortgage and debt securities from banks.
-- The Fed is buying highly rated, U.S.-dollar denominated, three-month commercial paper through a special purpose vehicle to run until October 30.
-- In January, the Fed started a programme to buy $100 billion in the direct obligations of housing-related government sponsored enterprises -- Fannie Mae, Freddie Mac and the Federal Home Loan banks -- and $500 billion in mortgage-based securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.
Read more: http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx#ixzz14oLk4WGC
http://network.nationalpost.com/np/blogs/fpposted/archive/2009/03/05/quantatitve-easing-fact-box.aspx