QE3 Tweets: The Greatest Hits (^DJI)

QE3 Tweets: The Greatest Hits

The Federal Reserve announced another round of quantitative easing yesterday, the third go in as many years.

How's it work? The Fed is pledging to buy $40 billion worth of government securities -- mostly mortgage bonds -- until further notice. There's no time limit and no dollar limit; it's going to buy bonds until things get better. The Dow (INDEX: ^DJI ) surged more than 200 points in response.

I know what you're thinking: Have we tried this before?

No.

What's the ultimate outcome?

No one knows.

But, as always, the Twitter universe had an untold number of insights, jokes, and predictions. Here are 20 that stuck out to me.

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Fool contributor Morgan Housel doesn't own shares in any of the companies mentioned in this article. Follow him on Twitter @TMFHousel. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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Report this Comment On September 14, 2012, at 8:33 PM, Thaeger wrote:

"Added benefit of QE3: We get a whole new round of hyperinflation predictions that we'll be able to make fun of a year from now!"
Report this Comment On September 17, 2012, at 3:41 PM, astuber9 wrote:

"Added benefit of QE3: We get a whole new round of hyperinflation predictions that we'll be able to make fun of a year from now!"
Yes, my favorite trifecta of economists Harry Dent/Gary Shilling/John Mauldin would all probably agree.