If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
President Kennedy was not assassinated for being anti-Fed. I don't know how much more clearly that can be said. His death on November 22nd, 1963 was a sad tragedy, but it had nothing to do with any stupid and baseless Executive Order silver certificate conspiracy.
What happened on that late-summer day? It was a Sunday, and President Richard Nixon suspended convertability of the US dollar into gold, effectively ending the 25-year Bretton Woods era of fixed currency exchange rates against the US dollar.
All's I'm sayin' here is that we still have a lot of slack in the job market, highly elevated unemployment, and a strong rationale for aggressive monetary stimulus, not to mention fiscal stimulus, but that is blocked by government dysfunction. The message here is thus: good for the politically independent Fed for keeping the monetary pedal to the metal.
By maintaining an unchanged policy stance, the Federal Reserve delivered on consensus market expectations. The question now is: How long will this sustain the mix of financial conditions that the Fed and investors desire, and is needed to improve job prospects given the extent of Congressional dysfunction?
What is there to say about Alan Greenspan, who at 87 is out flogging his new book, "The Map and the Territory: Risk, Human Nature and the Future of Fo...
The controversy over the Federal Reserve tapering its bond purchases, which are part of Quantitative Easing 3 is largely misunderstood. And now the debate may need to be reopened because the debt ceiling debate may significantly be weakening demand for U.S. Treasuries.
Sin and Redemption, often the cry of the religious right politicians, a possibility for the Federal Reserve Bank to restore its reputation. Through Q...
The massive wave of bank megamergers that took off in the 1990s had plenty of unfortunate results, including the invention of the phrase "too big to fail." Fewer mergers are happening now, but the ones that do happen can have a huge impact on communities.
If we need any more evidence that Janet Yellen should be the next Federal Reserve Chairperson, it was the decision by the Fed Governors to continue th...
Now that the budget battle is truly joined, with hourly updates issuing forth from the not-so-hallowed halls of Washington, the cry among the media as I currently write this runs along the lines of: "A deal is in sight -- maybe!"
Halloween is coming up, and the world of finance and economics is ready with a range of rich treats and sinister tricks.
Congress squabbles but the present system just can't relieve or solve the problem -- because the debt money system itself is the problem!
Between deficit spending and dollars created on the Fed's balance sheet, we estimate $8 trillion has been infused into the U.S. economy over the past ...
The CBO long-term budget outlook report is not only based on the wrong projections. It also focuses on the government's deficit over the next couple decades.
Why, you may ask, did Krugman feel the need to be so bold (and so wrong) in predicting the euro's collapse over and over again, in his column, on his blog and to every media outlet that would give him an interview?
Though the handouts to the larger banks have exceeded a trillion dollars over the five years of the QE programs most, if not all, of these institutions remain underwater if their assets were to be marked to the market.
