Showing posts with label QE. Show all posts
Showing posts with label QE. Show all posts

11.13.2013

Zimbabwe Janet: I'm going to keep printing like a mofo

From the mouths of maniacs:
We have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October, it is still too high, reflecting a labor market and economy performing far short of their potential. At the same time, inflation has been running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.

For these reasons, the Federal Reserve is using its monetary policy tools to promote a more robust recovery. A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.
Sounds like she just took the December taper off the table.

4.08.2013

Why does America keep winning?

X : Yes. But also, America's abundance of natural resources and history of fortuitous developments kinda seems like God shed His grace o...