it encourages the buying of assets. it helps improve bank balance sheets (they need the help). far overlooked this is a response to major FIC losses banks had this past quarter.
it is also a helicopter drop (discourages cash, encourages buying of assets) of artificial liquidity.
the moral hazard of operation dumb-o drop is that it masks faulty assets and encourages risker behavior.
although i feel a concentrated flow of capital to certain sectors would be helpful (encourage reducing inventories)
the zombies among us are about to get a second breath.
this liquidity will help inflationary assets like gold and silver . based on gold:silver ratios being at generational highs the bigger value is silver (physical gold swap for physical silver )