The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the…
The cash generated by the ECB’s second big LTRO operation hit the US banking system last week. At the same time the Fed is still…
US banking system measures continued to rise over the last 2 weeks, driving the composite macroliquidity picture to a new high. Until the past week,…
Jul 21, 2011
Why banks aren’t lending
By Ellen Brown
Why aren’t banks lending to local businesses? The Fed’s decision to pay interest on US$1.6 trillion in “excess” reserves is a chief suspect.
Where did all the jobs go? Small and medium-sized b…
Even a QE opponent within the Fed policy-making board says that it (QE2?) “complicated the exit strategy”. What do you think he meant by “exit strategy”. I’ve seen no evidence of such a thing. (For that matter, what did he mean by “it”?)
http://www….
Ben Bernanke is great at taking credit for a lot of things that the Fed didn’t actually achieve, while refusing responsibility for the worst results of Fed policy blunders. Here are a few examples of which Fed apologists should take note.
Another S…
The Fed’s pumping will now pick up from the reduced pace of the past two holiday weeks. That will coincide with another Treasury paydown this…
Economic pundits and the Wall Street captive media are fond of telling people that the stock market is a discounting mechanism and that it leads…
by LimeJuice2 I have a hard time reading Bill Gross anymore, or anyone talking about the US financial system/economy as if it’s a one country…
