Detailed text transcripts for TV channel - FOXNEWS - 20120910:08:14:00
Wall street at multi-year highs, but this just as we learn that jobs market just isn't working. and what gives? the traders are betting the fed will. when the central bank meets this week it could consider a third bond buying binge called qe3 in washington. the translation, the banks will print more money to buy what could be hundreds of billions of bonds for mortgage debt. how? well, the aim is to lower long-term interest rates and stimulate more businesses and consumers to borrow and spend, jump starting the recovery. yet, this means the money printing presses go into high gear just as our n...