The big news hit Wall Street this morning. The Federal Reserve has extended for another year a program that lets major economies around the world all borrow money from our Federal Reserve bank (at 0.25% […]
I’m trying to figure out just who said it was okay for the huge banks on Wall Street to leverage their investments at a ratio of 30-to-1. What does that mean? When you purchase a […]
You’ve heard Obama say it a thousand times, “We can’t afford to raise taxes on small business owners – anybody making less than $250,000.” The bar has been raised somewhat lately to the point where […]
Earlier this year the Wall Street Journal reported that the Federal Reserve is buying 61% of US debt. That’s up from 0.9% before the financial crisis. Yes, this is boring financial news. Bear with me […]
The American Economic Association held their annual meeting this past week. (Imagine a bunch of liberal eggheads trying to justify Obama’s economic holocaust in abstract theoretical verbiage.) There was a ghastly silence when Philadelphia Fed […]
Even the Wall Street Journal is caught up in the frenzy to print a $1 trillion coin to solve the problem of raising our debt limit. It started off as a liberal strategy to undermine […]
You’ve heard it a hundred times in the drive-by media. Almost all of our federal debt for the last 2 or 3 years hasn’t been purchased by China. The truth is that China still owns […]
For all that we need FEMA in emergencies like Sandy, there is still a deep suspicion of government intrusion. It’s a slimy feeling like something is under your skin. We know nothing in life is […]
September 16, 2026Comments Off on The Federal Reserve Announces $10 Trillion Stimulus Plan
The Federal Reserve just announced a plan to continue buying $89 billion in Treasury bills every month for the foreseeable future. This program was expected to run into mid-2015, but now the Federal Reserve says […]
Ben Bernanke waxed philosophical in testimony before the House Banking Committee yesterday. He indicated that no matter how Congress deals with the $85 billion in sequestration cuts it will have the same impact on the […]