Quantitative Easing Explained

Exhibit A

QE2: Fed pulls the trigger (CNN Nov 3, 2010)
Short form:The fed is going to buy 600 billion dollars in T-bills as part of a Quantitative Easing program (e.g. paid for with money they borrowed from themselves… e.g. they just effing printed it)

Exhibit B
Quantitative Easing Explained by 2 cartoon characters

local version:

Are the cartoon characters correct?

Ok, now the big question: Should I cash out my meager life-savings now?

(Yes I know that if every individual cashed out the way I am considering, the world would get all Mad Maxy real quick. But I have to act as an individual, right? I cashed out in September 2008 for a few months; I ended up loosing about 30% of my life savings to the credit crunch while many people lost 50%; it was the right decision then.)

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