I laughed so hard,” one reader comments, “watched again, laughed even harder…” “That is the funniest **** I’ve seen all year,” agrees another. “Sums it all up.” “Bernanke, Congress critters and the White House,” comments a third “are dancing the…
…. of normalization of the Fed’s balance sheet. Did you catch that? No? Gee, what does that mean? It means The Fed is intentionally creating a bubble in asset prices. Just like GreedScam did. Just like Bernanke and Greenspan did in…
There seems to be a rather fundamental lack of understanding regarding what happened in Greece and what is going on in Cyprus right now. Unfortunately that lack of understanding is intentional. See, the debt merchants of the world, despite publishing…
Having pumped the system with liquidity non-stop since the Crash of 2008, the Fed now realizes it’s in big trouble and needs to manage down expectations of further stimulus. As we noted earlier this year, the Fed, while attempting to…
I usually do a fairly-exhaustive post on the Fed Minutes. There’s no point this time, unless you want to be bored (or amused), so I’ll simply focus on the part that matters. Policy was also aimed at improving the labor market…