You've convinced me. The Federal Reserve Board is delusional, deceitful, and politically biased. Now I can better understand why I've sensed so much hatred for the fed from our brethren on the right.
You've convinced me. The Federal Reserve Board is delusional, deceitful, and politically biased. Now I can better understand why I've sensed so much hatred for the fed from our brethren on the right.
bookmark
Flood the market with stimulus and of course it has an impact. But, when you are financing 10-12% of actual GDP that’s not going to end well.
Did they simply screw up the graph? They indicate they are using annual real gdp...if it was +2.1 in 2007, +.4 in 2008 and -2.4 in 2009, then you could simply move the dip over a year to 2009 and it would look a lot better (and coincide with the BEA number better). Still wouldn’t be a good excuse.
They think they are gods of the economy. I don't think they favor one party over the other, but they do favor big government control, which at the federal level is both parties.