Category Archives: fed

So Much for the Sugar High

The Case-Shiller index of housing prices has turned down again, contrary to the expectations of Ben “Let’s Try Throwing 2.7 Trillion at Housing” Bernanke. This would be a double-dip in housing prices, which obviously does not bode too well for … Continue reading

Posted in bernanke, fed, housing | 1 Comment

Iraq to US – You Owe Us 1 Billion Dollars

One billion dollars seems to be the damage done to Baghdad by the U. S. invasion. Of course we are going to have the last laugh. Ben Bernanke and his cohort at The Fed, will print one billion more worthless … Continue reading

Posted in baghdad, bernanke, fed, iraq | Leave a comment

More Nitwittery from the Fed

I’m not sure why I keep posting these criticisms of the Fed because they all seem to read the same way and it’s a bit like pounding my head against concrete. I may think it is necessary, but it’s not … Continue reading

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Bernanke: "Gentlemen, Fire up those Printing Presses"

As expected QE2 is good to go and ready to launch. The Fed will print 600 billion worth of worthless dollars to buy government bonds to drive down the value of the dollar because this will SAVE THE ECONOMY! Yay! … Continue reading

Posted in bernanke, fed, fiat money inflation in france, qe2 | Leave a comment

QE2: Disaster in the Making

This article in the Asia Times does a good job of explaining why QE2 won’t work and the great damage that the Bernanke led Fed is doing to savers, while rewarding speculators, who got us into this mess in the … Continue reading

Posted in bernanke, fed, krugman | 2 Comments

The Program that will Never End

Think the Fed is done buying treasuries (i.e. printing money)? Think again. I suspect the Fed will be printing money to buy treasuries to print more money to buy more treasuries for the forseeable future.

Posted in fed, monetization | Leave a comment

Who Will Bailout Profligate Greece? (Hint: Check a mirror)

Now that the Europeans are smart enough not to bailout Greece, who do you think is going to do it? Did you look in the mirror? Yes, you, the U. S. taxpayer. Sure you’re already weighed down handing money to … Continue reading

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Paul Krugman: We Have China Over a Barrel

It never ceases to amaze me that some economists advocate actions that appear to be insanity in action. Paul Krugman says that we—biggest debtor nation in the world—have China—biggest creditor nation in the world—over a barrel and that we can … Continue reading

Posted in brady willet, china, fed, krugman, yuan | Leave a comment

The Quants

I need to read this book. Sounds pretty interesting. Another example of so-called “brilliant minds,” almost bringing down the financial system. Good thing we have the Fed around to print unlimited money on demand. I know we’ll never have to … Continue reading

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Bernanke Nomination Put on Hold…for Now Anyway

Nice to see that someone is trying to put the brakes on the nomination of Ben Bernanke to a second term as Fed Governor. A little transparency, please, Mr. Bernanke, then we will see if you deserve a second term.

Posted in bernanke, fed, nomination | Leave a comment