The are pumping 105 Billion new dollars every day since September 18th.
Right, more dollars chasing goods. No wonder necessities are inflating lot higher than CPI.
>>>The are pumping 105 Billion new dollars every day since September
Techically, its the same $105 billion recycled daily.
“The are pumping 105 Billion new dollars every day since September 18th.”
********************************************************
To make sure there is no misunderstanding... today they are “lending” overnight up to $75 Billion to be paid back by the borrowers tomorrow ..including interest. Then tomorrow they again loan, USING THE MONEY JUST PAID BACK, up to $75 Billion again. They repeat it everyday loaning and getting back the same money repetitively over and over again. When the program ends they are paid back the money from the final borrower.
The same thing applies to the $35Billion dollars that are loaned out and repaid every 14 days.
The only reason is to add liquidity to the economy...and that is a good thing. All loans are FULLY COLLATERALIZED.