Скачать или смотреть Quantitative Easing Explained TARP "Success"

How TARP really became a "success", because of quantitative easing (inflation) and the Big Bright Green Money Machine. Discussed by Tugwit's Free Enterprise Cartoon Bears.

1) From Bubble to Depression? By Steven Gjerstad and Vernon L. Smith 4-6-09
http://online.wsj.com/article/SB12389...

The authors point out that in 1983 the Bureau of Labor and Statistics changed from using home ownership costs ( price ) to rental equivalence ( rent ) in computing the Consumer Price Index. This had no untoward effect for a while because the price/rent ratio remained about 20 until the bubble period from 1999 to 2006 when it went to 32. So ...

"If home-ownership costs were included in the CPI, inflation would have been 6.2% instead of 3.3%."

"With nominal interest rates around 6% and inflation around 6%, the real interest rate was near zero, so household borrowing took off. As measured by the Case-Shiller 10 city index, the accumulated inflation in home-ownership costs between January 1999 and June 2006 was 151%, but the CPI measured a mere 23% increase."

"As the Federal Reserve monitored inflation in the early part of this decade, home-price increases were no longer visible in the CPI, so the lax monetary policy continued. Even after the Fed began to slowly raise the fed-funds rate in May 2004, the average rate remained low and the bubble continued to inflate for two more years." (2)

2) U. S. House Prices vs. Owner-Equivalent Rent
(The second graph on this page shows the house prices vs. the rental equvalence. Greenspan was following the straight purple line, and did not see the housing bubble.)
http://mysite.verizon.net/vzeqrguz/ho...

3) US Beats Street TARP Profit Totals a Sweet $25.2 Billion 10-21-10
http://www.nypost.com/p/news/business...

4) Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds 10-20-10
http://www.bloomberg.com/news/2010-10...

5) Median and Average Sales Prices of New Homes Sold in United States
http://www.census.gov/const/uspricemo...
$250,000

6) Credit Easing Policy Tools
http://www.clevelandfed.org/research/...

This one thanks to HciSteve:
7) Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending by Jim Carney 6-27-09
http://www.businessinsider.com/the-cr...

8) Conn Carroll: Facts show Fannie, Freddie led mortgage market to the collapse
http://washingtonexaminer.com/opinion...

9) How bank bailouts destabilize our economy 11-28-11
http://campaign2012.washingtonexamine...

10) Why the Left Is Losing the Argument over the Financial Crisis 12-27-11
http://american.com/archive/2011/dece...
"there were approximately 28 million subprime and Alt-A loans outstanding on June 30, 2008 ... with a value of approximately $4.8 trillion. This was half of all mortgages in the United States. Of these loans, over 74 percent were on the books of U.S. government agencies and firms subject to government housing finance policies."

11) Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
http://www.silverbearcafe.com/private...

12) GAO: Banks Paying Back TARP with Federal Money 3-9-12
http://www.foxbusiness.com/industries...