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Quantitative Easing

What August's Jobs Report Tells Us

Mohamed A. El-Erian | Posted 11.07.2012 | Business
Mohamed A. El-Erian

Notwithstanding citizens dropping out of the labor force, 5 million Americans were classified in August as "long-term unemployed." Meanwhile, teenage joblessness rose to over 24% -- an alarming level given the risk that out of work youth face in going from being unemployed to being unemployable. As hard as Ben Bernanke and his Fed colleagues try -- and they have been trying very hard, taking monetary policy ever deeper into unfamiliar/experimental territory -- the institution does not have the proper tools to deal with our unemployment crisis. The bottom line is a simple one. It should concern us all as citizens and parents. And it is worth repeating over and over again: If Congress is not careful, these trends will further increase an already-material risk that, for the first time in a very long time, our children's generation may be worse off than that of their parents.

Leave the Fed Alone

Michael Farr | Posted 08.23.2012 | Business
Michael Farr

The Romney/Ryan ticket, as well as Ron Paul, are calling for greater scrutiny and audits of the Fed. But politicizing short-term adjustments to monetary policy without regard to long-term consequences simply makes no sense.

Federal Reserve Hints At New Action Soon

AP | MARTIN CRUTSINGER | Posted 08.22.2012 | Business

WASHINGTON -- Federal Reserve officials signaled Wednesday that they may be ready to launch a new bond buying program when they next meet in September...

Conservatives Dumped Milton Friedman on His Centennial

Andrew Pavelyev | Posted 10.08.2012 | Politics
Andrew Pavelyev

Tuesday last week would have been Milton Friedman's 100th birthday. The American conservative establishment effectively renounced him on that day.

Market Continues to "Melt Up" on Talk of Open-Ended QE

Michael Farr | Posted 08.08.2012 | Business
Michael Farr

Stocks are sharply higher thanks mainly to comments by Boston Fed President Eric Rosengren.

Tantrum Time at the Fed?

Michael Farr | Posted 07.31.2012 | Business
Michael Farr

The Great Recession was thwarted, but not conquered, by gobs and gobs of cash supplied by our Central Bank and others. It may be that all of the intervention will make a positive difference. If it doesn't, it will prove to have been an expensive error.

Too Big to Fail Banks Are Stopping You From Getting 5 Percent on Your Savings

Max Keiser | Posted 09.08.2012 | Business
Max Keiser

The banking lobby misrepresents the situation in two ways. First, they foster the belief that the economy needs lower rates to 'get going.' Second, the banking lobby likes to pretend that there is no alternative.

Come on Baby, Let's Do the Twist

Michael Farr | Posted 06.21.2012 | Business
Michael Farr

The Fed has become somewhat impotent and should pass the buck to Congress. If only Congress would answer the phone.

Fed's Number Two Hints At More Stimulus

Reuters | Posted 08.06.2012 | Business

By Ros Krasny BOSTON, June 6 (Reuters) - The Federal Reserve's second-highest official on Wednesday laid out the case ...

The Jobs Babble

Robert L. Borosage | Posted 08.05.2012 | Business
Robert L. Borosage

Everyone is talking jobs but saying nothing. The inadequate recovery is sputtering and no one is doing anything. In the phony war on unemployment, no one has picked up a gun. We're going through the motions, waiting for the misery to ratchet up, the cities to blow and corporate profits to tank before getting serious. As it happens, there really isn't much of a secret about what needs to be done. The only question is how deep the crisis must go and how crippling the pain must be before action is taken. What was Churchill's famous quote? Something like Americans will do the right thing, after they have exhausted all the other alternatives. Well, let's hope he's right.

Mitt Romney: No Need For 'QE3' From The Fed

Posted 06.01.2012 | Politics

Mitt Romney appeared on CNBC Friday afternoon to trumpet the need for a change in the White House, using the latest dismal jobs report as his rallying...

Indentured Servitude for Seniors: Social Security Garnished for Student Debts

Ellen Brown | Posted 07.15.2012 | Business
Ellen Brown

U.S. taxpayers now pay nearly half a trillion dollars annually to finance our federal debt. By financing the debt itself rather than paying interest to private parties, the government could divert what it would have paid in interest into tuition, jobs, infrastructure and social services.

The Fed's Jelly Donut Policy

David Einhorn | Posted 07.02.2012 | Business
David Einhorn

I believe that stocks are depressed because there is a pervasive feeling that something awful is going to happen. What is this enormous tail-risk? It's the intersection of reckless fiscal policy with overindulgent "Jelly Donut" monetary policy.

Paul Krugman On The Federal Reserve: 'Not Enough Inflation'

The New York Times | Paul Krugman | Posted 04.06.2012 | Business

A few days ago, Alan Greenspan, the former chairman of the Federal Reserve, spoke out in defense of his successor. Attacks on Ben Bernanke by Republic...

Markets Wake Up to Central Banks' Complicated Tradeoffs

Mohamed A. El-Erian | Posted 06.05.2012 | Business
Mohamed A. El-Erian

This week's market action serves as a vivid reminder of how dependent valuations are on central bank policies. The question for markets thus boils down to whether central banks will do more; and the issues these institutions face are extremely and increasingly complex.

These Three Words Are Causing A Pavlovian Stock Rally Today

The Huffington Post | Mark Gongloff | Posted 03.07.2012 | Business

Just how addicted is the stock market to the Fed's easy money? We just got a prime example. Late Wednesday morning, stocks were meandering along, n...

Fictional Davos Discussion Between Tim Geithner and China's He Yafei

Howard Steven Friedman | Posted 04.03.2012 | World
Howard Steven Friedman

The following conversation did not take place... but wouldn't it have been interesting if it did? Geithner: Glad I found you. We really need to talk...

Bonnie Kavoussi

Will Another Fed Stimulus Boost The Economy? | Bonnie Kavoussi | Posted 01.05.2012 | Business

As the international economic climate becomes more threatening, there is talk that the Federal Reserve could try another monetary stimulus to aid the ...

Bonnie Kavoussi

Federal Reserve Keeps Europe At Arm's Length | Bonnie Kavoussi | Posted 11.29.2011 | Business

As the eurozone crisis continues to develop, pressure for the European Central Bank to act is mounting. Many want the ECB to bail out troubled Europea...

Epiphinal Economic Times

Patrick Yam | Posted 01.01.2012 | Business
Patrick Yam

Quantitative Easing has dispelled any notion that we are dedicated to maintaining a strong dollar, as various presidential administrations have professed throughout the past few decades.

What Quantitative Easing Really Means

Ismael Hossein-zadeh | Posted 10.21.2011 | Business
Ismael Hossein-zadeh

Not only did Wall Street gamblers bail themselves out by means of $16 trillion of taxpayer money, but now they are also showering themselves with additional trillions of QE dollars to grow even richer.

Democracy Versus Bankers at the Fed

Dean Baker | Posted 12.17.2011 | Business
Dean Baker

An overhaul of the Fed is long overdue. It should be turned into a body that directly answers to Congress just like every other regulatory agency. And the bankers must go.

'Operation Twist': What Is It? How Could It Help? But Why Will It Not?

Gemma Godfrey | Posted 11.27.2011 | Business
Gemma Godfrey

As the U.S. launches $400bn 'Operation Twist' in a desperate attempt to kick-start the economy, concerns arise over how effective this will be.

New York Times To Produce Interactive Comics

Posted 11.23.2011 | Arts

The New York Times has announced that it will partner with video production website Xtranormal for a new interactive comic strip. The NYT will use the...

It's Not Bernanke, It's Congress

Daniel Hough Jones | Posted 10.27.2011 | Business
Daniel Hough Jones

I think our state of affairs is nonsense. We the People are standing around allowing Congress to run us onto the rocks. We are stupid. We should stop being stupid and solve the problem. We should fix the situation.