Fed’s $600B (on top of 2009’s $1.5T) QE 2, a.k.a Printing
More on this loony action by Bernanke, the crackpot No 2 (No 1 was Greenspan) later. For now , check this pic, which I stole from the Big Picture Blog:
Federal Reserve Board
Feds to Continue their War on Savers
With current financial turmoil entering its fourth year, it is time to reflect on things that got us here. Today Ben’s bandits at the Fed announced that they will buy US debt (“in small quantities”, yeah – right!) to stimulate the weakening economy. Call this quantitative easing 2 or plain old printing, it only means […]
His Cure is Worse than the Disease
I think Senator Dodd’s bill on Financial Reform is no-good, very-bad, ugly bill! I have been investing/trading stocks and options (derivatives) for nearly 20 years. I read a lot of stuff on economy, markets etc etc. These are my 2 cents on Financial Regulation based on whatever I come to know from my exposure and […]