” as Easing Looms “
What am I missing??
I thought the Fed has had interest rates bouncing at, or near, zero for years...
Where is there any ‘tightness’ left to ‘ease’ in the system??
In an attempt to ease the loss of jobs and decrease the size of the future obligations of the dederal government in real terms, the Fed will continue to trash the dollar. This policy will continue until the bond markets finally tire of the game and interest rates increase. The bond market is the next bubble as long as Bernanke plays this game.
They hope that the banks will then be more willing to lend money, but there is a good chance that the banks will sock the money away in a vault and wait for a less crazy president to take charge.
WTF, is this a "get your daily FIBER commercial"?
What am I missing??