The Federal Reserve today released the minutes from its Dec. 14 meeting to determine just how much money it would create out of thin air as part of its continuing effort to stimulate the economy.
The Fed determined that labor demand was increasing but not enough to stave off high levels of unemployment. Industrial Read More
The Federal Reserve continues to view the economic recovery as too slow for comfort, and is therefore proceeding with its controversial plan to print $600 billion and buy long-dated Treasury securities with the newly created funds, the central bank announced today. It cited several factors in this decision that are probably well known to Read More
“It’s going to be an interesting day,” said the American Action Forum’s Douglas Holtz-Eakin, “when you open The Wall Street Journal and you see your picture opposite Ben Bernanke’s, and you’ve picked a fight with the Fed.”
That might explain the number of uncomfortable silences at today’s conference on Capital Markets in Real Estate, hosted by N.Y.U.’s Read More
A group of big-time investors, prominent economists, journalists and former government officials teamed up today to write an open letter to Federal Reserve chairman Ben Bernanke that basically says the central bank’s $600 billion asset purchase monetary stimulus regime is a majorly bad idea.
“We subscribe to your statement in the Washington Post on Read More
The Federal Reserve today initiated Quantitative Easing 2: The Revenge by purchasing $7.23 billion dollars in long-term Treasury securities, creating money out of thin air in an effort to make Americans wealthier.
Last Wednesday, the Fed announced that it would be buying around $600 billion in Treasury securities over the next eight months. The central Read More
Here is a video of The Black Swan author Nassim Taleb saying on Bloomberg TV the Fed is basically shaking a giant bottle of monetary ketchup over the dinner plate of the American economy. Eventually that ketchup bottle is going to explode everywhere, covering our nation with a viscous, sticky, economically corrosive condiment.
Quantitative easing, quantitative easing, quantitative easing! It’s a mantra, it’s a magic spell, it rolls off the tongue like a rhythmic incantation. It’s all that, plus 219 points worth of upside for your friendly, neighborhood Dow Jones Industrial Average. Is it getting hot in here, or is it just that I AM ON Read More