After 8 Years Of Radical Moves, The Fed’s Still In A Box

Investors Business Daily ^ | 5/20/2016 | TERRY JONES

[Georgia Girl 2]

“The post-financial crisis economic recovery still looks shaky. The Atlanta Fed’s widely followed GDPNow number, a timely estimate of the current economy, anticipates 2.5% growth in the second quarter, down from a 2.8% estimate a week ago.”

Raise your hand if you even remotely buy into 2.5% 2nd qrt growth.

[expat_panama]

Great foto! What a lot of folks don’t know is that back when Ben mentioned helicopter money he’d been quoting Milton Friedman, —everyone’s econ patron saint— but somehow the idea got stuck to Ben and not Milt!

[expat_panama]

...open to having foreigners move there, as long as they’re willing to work.

Only if they fill out miles of paper work and pay tens of thousands in lawyers fees.  Retirees who promise not to work or investors who agree to have everything done by locals can get in a lot easier.  The way they make it stick is they constantly check papers (usually by stopping traffic on the highways) and demand papers.   Not to worry about deportation though, anyone without all necessary docs just gets arrested and imprisoned 'til the fines are paid.

imho this isn't out of line at all, in fact it's how it is in most countries w/ a rule of law. 

[Sequoyah101]

I remember when we thought we had done well to get a 7% loan and the times when the economy did just fine with 10% loans.

The FURD can’t raise interest rates because the debt would explode in weeks instead of months or years as it is now. The whole of the tax base could not pay the interest if rates are allowed to increase. The ponzi scheme is falling apart just as we have said for so long.