Steve's barking not another QE

I don't know what the fuss is about QE III after all I didn't going on the QE 1 or QE II, besides I get sea sick. Oh you mean the economic term quantitative easing.
Oh never mind.
Will the latest  fed reserve trick work?
I maybe crazy, but right now there happens to be a surplus of housing stock, so I don't think it going to help the construction industry by buy mortgage back bonds. I kind of think that one would not be thinking of buying a home unless one can afford the mortgage payments and if income from working is going down it really doesn't matter if there is no interest on a mortgage, if you can't afford it you can't afford it.
I maybe reading it wrong but banks have plenty of money to lend, it just who they are lending it to that's troubling. (Read speculators).
Now I may have this wrong also but too many of our major corporation don't have to borrow they have cash on hand.
I seem to have read in a major magazine that many of our major corporations are making record profits and holding on to that money. Now silly me if I was the head of one of those companies I probably would hold on to that money too.


Some times it doesn't matter what the doctor does, the patient dies.