How The New U.S. Fed $400 Billion Stimulus Will Effect You

Unless you are a giant company borrowing long term U.S. money or a U.S. home owner with huge equity in your home, have a big mortgage and strong personal credit and want to refinance your mortgage, it will have little effect on you. The economy is crumbling and the Fed wants to show it is taking action. Unfortunately for most people that action is meaningless and it shows us the Fed is out of good options.

Dick
For details of the Fed's announcement, please see "Fed Will Shift Debt Holdings to Lift Growth," The New York Times http://www.nytimes.com/2011/09/22/business/fed-to-shift-400-billion-in-holdings-to-spur-growth.html?_r=1&ref=todayspaper