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: Mortgage Lender Implode-o-Meter

FOMC Announcement: $600 Billion, $75 Billion/Month, $110 Billion Including QE Lite, 35% SOMA Limit Removed, $27.5 Billion Weekly POMO, On Run Rate To Monetize Entire Budget Deficit

By Implode-Explode Heavy Industries

"There is little doubt, at least in this corner, that the plan cannot possibly work. Corporate borrowing costs are the lowest in history and that hasn't spurred hiring. Will another quarter of a point lower matter? Will QEII even lower rates that much?"

Full post as published by Mortgage Lender Implode-o-Meter on November 03, 2010 (boomark / email).