Posted on 04/10/2013 6:37:45 AM PDT by John W
The Federal Reserve released the minutes from its March meeting before the opening bell Wednesday morning, hours earlier than planned after the news was inadvertently sent to Capitol Hill staffers at some point Tuesday.
The biggest news out of the release was the possibility that the central bank could start paring back its quantitative easing efforts by the summertime, and not necessarily because the economic recovery has firmed up.
Minutes from the March 19-20 policy meeting reinforced comments from recent statements out of the Fed that extraordinary monetary policy will remain necessary until substantial improvement in the economy, but also showed increasing vigilance on just how big of an impact the central bank’s asset purchases are having.
(Excerpt) Read more at forbes.com ...
“Economic recovery has firmed up”....
and the other one plays jingle bells.
Ok so a few more months of pumping and then what???? Fun and games R US.
Well if you think things are bad now wait til they stop pumping and rates go up even a point or two. The already horrible housing market will screech to a halt. Without a housing recovery there will be no economic recovery.
IMO the Fed has no idea of how to bring us out of this downward spiral. They are destroying the dollar. The only thing that will probably save us in the short term is the unravelling of the Euro which will cause a flight to the dollar.
Agreed. Everyone knows it and continues to whistle past the graveyard making money while they can as they can. Knowing it ends catastrophically and pretending they don’t know any such thing.
LLS
Bingo. The only goal is to get the housing market off its deathbed so that the Prime Directive, that TBTF banks don’t lose money, can be maintained. If things were left to markets, housing would have bottomed out and foreclosures would have been sold — at lower prices — years ago, and we would really be in a economic recovery.
Hah. Hah. Hah. Keep curling the mustache, boys. Hell ain’t half full yet.
“I am convinced that we are going to crash”
Me too. We are preparing for that certain eventuality.
The minute the FED turns off the 0% money spigot to Wall St., kiss DOW 14000 good-bye. Since the DOW is used as a propaganda tool to tout economic recovery to the masses, that is highly unlikely to happen. Once the government takes over a market and props it up, they have basically told everyone that the other choice is to painful. The end game will still be the same, which is the market collapses once the prop is removed. The longer they delay in taking their medicine the worse it will be when the inevitable happens.
Indeed friend.
LLS
The problem is that with a crash with a Marxist in power,
HE will attempt to rebuild it in the manner he wants.
Being prepared helps you not help him.
Further on this story-—
A more hawkish chorus of Federal Reserve officials showed up at the last FOMC meeting, but traders are paying more attention to recent weak economic reports than to the history in the meeting’s minutes.
As a result, stocks soared, following through on a rally that began even before the unexpected 9 a.m. ET release of the March meeting minutes. The Fed released the minutes five hours early because they were inadvertently sent to Congress and trade lobbyists Tuesday afternoon at 2 p.m. The Fed has asked for an investigation into whether there was trading on that release.
Some of us will stand against tyranny.
LLS
This is a jumbled bunch of nonsense indicating no real substance.
The essence is that there is not total agreement.
Housing starts were up 25+% last year and are on track for another 25% gain is year. Compared to the 50+ years average of 1.5 milllion yes it’s bad but significantly better than the 500-600K starts we saw from 2009-11. Household formation is now back up over 1.2 million which is what is necessary for “normal” housing starts. The fundamentals of the housing market are the best they’ve been over the last 5 years.
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