FED sets a new record …
To explain the unexplainable …
the FED issued the LONGEST statement on record … AUTSCH!!!
They keep buying time … needing always more words …
and they still have NO CLUE …
- The Committee anticipates that a gradual recovery in economic activity will begin later this year, but the downside risks to that outlook are significant.
READS: NO GROWTH AROUND THE CORNER
- Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term.
READS: INFLATION WILL COME SOON
And …
Voting against was Jeffrey M. Lacker, who preferred to expand the monetary base at this time by purchasing U.S. Treasury securities rather than through targeted credit programs.
READS: ONE of them is already pulling out ALL THE STOPS …
Januar 29th, 2009 at 11:58
you are the best oly,
with three words you describe perfecly the situation
i think exactly the same!
Well, this is a model for the countries of the rest of the world:
1) Setup a central bank
2) Collapse your financial system
3) Don’t panic…..
4) ….as we’ll now finance our government spending buy buying our own paper
Im joking, but…
now the only “tool” that the FED has is to debase the currency. Any other description is just a matter of semantics.
And if the FED exchange toxic paper with money
then worth of money=worth of toxic paper
Januar 29th, 2009 at 17:40
Thanks
I don’t think, you are joking
Januar 30th, 2009 at 08:56
other people thinking the same:
http://www.marketwatch.com/news/story/inflation-concerns-prompt-new-strategies/story.aspx?guid=%7BBED804EB%2DC241%2D4585%2D9DFB%2D1A7010AA98D3%7D
IHMO we have some time (1-2 year?) but the problem will come,
like breeze first, then like hurricane…