Posted on 01/26/2011 1:58:27 PM PST by FromLori
he economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program.
That was the assessment Wednesday of Fed policymakers as they ended their first meeting of the year. The Fed made no changes to the program, and the decision was unanimous.
The decision came from a new lineup of voting members that includes two officials who have criticized the bond purchases. They have said the purchases could eventually ignite inflation or speculative buying in assets like stocks.
The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.
(Excerpt) Read more at finance.yahoo.com ...
Frog marching some banksters, regulators & politicans to jail would give this economy a real kick start. As long as we let these zombies suck the life out of us, we will be stuck in the death spiral.
Defund ALL the alphabet agencys, start over, meanwhile Hilary finds 500 million to give Mexico and our gov’t is going to give Russia some of our tax dollars to help them solve their airport bombing, see, there’s lots of mooola.
Income down, expenses up.
Looks like it best to prepare.
Didn't the government policies artificially boost housing prices a few years ago. That sure worked out great. If the market is saying that a stock is worth one price, what good can come from artificially boosting it higher? (Unless you want to say that the stock market is up since you assumed the presidency). These guys have cornered the market on smoke and mirrors.
Benefit of???
Meanwhile... April Lexington was spotted buying more physical gold today before flying back to the United States...
I am not disputing what you say.
About 6-9 months ago I saw an interview with former Fed Charman Greenspan (aka ‘Easy Al’). He testified to Congress that the best thing for the economy was rising stock prices.
What was to propel stocks higher he did not say. But one would assume he meant that the thing to do was fix the real economy so that stocks would reflect an improving business and labor market, not QE 1,2,3...
On the other hand maybe I'm giving Greenspan too much of the benefit of the doubt.
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