|
|
June 18, 2013
|
|
Fed Shifts to Bond-Buying Mode to Boost EconomyPosted on Aug 10, 2010
The Federal Reserve is taking action to try to give the flagging U.S. economy a much-needed jolt by committing to buy up some of the government’s debt in the form of long-term Treasury securities. The Fed’s announcement came in tandem with the gloomy news on Tuesday that America’s economic recovery is likely to be “more modest in the near term than had been anticipated.” Nice with the “more modest,” there, but to translate this message from governmentese, we can deduce that the situation is going to stink for a good while to come. —KA
Advertisement New and Improved CommentsIf you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy. |
By Ray Duray, August 12, 2010 at 7:05 am Link to this comment
William K. Black was today’s guest on the Keiser
Report. The topic was the failure to police Wall St.
Very germane to this article, IMHO:
http://rt.com/About_Us/Programmes/Keiser_Report/2010-
Report this08-12/590482.html
By PatrickHenry, August 11, 2010 at 6:04 pm Link to this comment
Paper begets paper.
Report thisBy JIn lee, August 11, 2010 at 4:07 pm Link to this comment
(Unregistered commenter)
No skulz I don’t smell bullshit. That smell is long gone its more like a rotten corpse being fed on by maggot’s smell.
Report thisBy Beltwaylaid, August 11, 2010 at 9:11 am Link to this comment
(Unregistered commenter)
Can’t we start printing money in colorful, geometric
Report thisand intriguing patterns? A little paste and my
bathroom will look like a million bucks.
By diman, August 11, 2010 at 8:46 am Link to this comment
The economy is collapsing and all these “measures” are just twitches of the dying body.
Report thisBy Shift, August 11, 2010 at 7:07 am Link to this comment
The non-recovery is a result of wages falling faster than prices. Now that deflation is just now beginning to bring prices down to find a balance and recovery can begin, the nutty elite are talking about deflating wages too. HUH? That will just continue the downward spiral. Rx: maintain wages at their current level and allow prices to fall until a balance is reached.
Report thisBy bogi666, August 11, 2010 at 5:33 am Link to this comment
(Unregistered commenter)
I’m going to venture a guess what all this mumble bullshit means. It means that the decision to bailout Wall St. and to make the banks that are to big to fail are now too bigger to fail. The President ObambyaBush gangs along with congress simply choose the wrong strategy and the to big to fail they should have been allowed to fail rather than getting $trillions to be bailout out of a failed business model.Of course, the Wall St., Wash.,D.C.[District of Criminals}axis of evil are easily bribed to do the bidding of Wall St.The Fed, Wall St., D.C.will never admit failure of course. Meanwhile, with interest rates being kept artificially low it will force the stock markets to go up because their is simply no where else for investment money to go. Incidentally, this strategy is just a repeat of the business model that created the crisis in the first place, doing the same thing expecting a different result, a definition of insanity. The President has picked which side he favors and it ain’t main st., folks.
Report thisBy bogi666, August 11, 2010 at 5:09 am Link to this comment
(Unregistered commenter)
Smoke and mirrors? The President ObambyaBush administration was geared to bailout Wall St., it was never intended to solve the economic problems, just to bail out the financial criminals that engineered the crisis.FOLLOW THE MONEY
Report thisBy Ray Duray, August 10, 2010 at 11:36 pm Link to this comment
Hi Tim,
I’m not your hoped for economist, but I do have a
suggestion on follow-up reading for this topic.
Yves Smith of the Naked Capitalism blog has a pretty
Report thisgood bead on what’s up with our monetary decline in the
U.S.: http://tinyurl.com/22jnv58
By Tim, August 10, 2010 at 8:35 pm Link to this comment
(Unregistered commenter)
Apparent desperation indeed. Any economist care to comment on this and explain to me how this is in any way a reinforcing venture.
Report thisBy skulz fontaine, August 10, 2010 at 7:36 pm Link to this comment
The Federal Reserve is going to buy Treasury Securities? How does that work? The
Report thisFed prints the money to buy T-bonds and does anyone smell a bullshit?
Desperation on the cusp of madness.