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Mullooly Asset Management PodcastSeptember 19, 2012
Mullooly Asset Management, LLC September 2012
The Federal ReserveNot a part of the federal governmentSmooth out boom and bust economic cyclesPromote stable prices (control inflation),
promote maximum (sustainable) economic output, and promote maximum employment
Mullooly Asset Management, LLC September 2012
What is Quantitative Easing 3?Rates are at zero already, can’t be lowered
anymoreManufacture a rate cut by buying bonds on
the open market Gives money to the banks and government
takes bonds“Hope” that banks make more loans
Mullooly Asset Management, LLC September 2012
Past IssuesFed insists that banks raise reserve
requirementBanks are -- just now -- meeting those
requirements
Mullooly Asset Management, LLC September 2012
Why QE3 is DifferentTime frames existed in past quantitative
easings QE3 will continue until unemployment is
under 7%Interest rates will remain low for a long timeHopefully spurs economic activity
Mullooly Asset Management, LLC September 2012
None of the securities mentioned are considered investment advice. If you’re relying on a podcast for investment advice, I want to tell you, you’re making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment.
Mullooly Asset Management, LLC September 2012
Mullooly Asset Management, LLCEmail: support (at) mullooly (dot) netPhone: 877-223-7300 toll-free
732-223-9000 local 732-223-9600 faxWebsite: http://www.mullooly.net
Mullooly Asset Management, LLC September 2012