Category Archives: Recession

Bernanke Announces QE3 In A Big Way

Ben Bernanke announced today that QE3 (Quantitative Easing 3) would be an open-ended round of buying mortgage securities and keeping rates between 0% and 0.25% through mid-2015. This move is the biggest and boldest of all the easing the committee has done yet. Unlike QE1 and QE2 where there were limits set to how much…
Read more

Obama May Extend Bush Tax Cuts

Yesterday President Obama announced that he may be open to extending the Bush tax cuts at least for a little while. This article from the Wall Street Journal explains who might benefit from this.
Read more