Thursday, May 21, 2009

The Feel-Good Fed

"In March, Fed policymakers launched a $1.2 trillion effort to boost the economy by buying government debt and mortgage securities. At the April meeting, some members said that effort may need to be expanded"

I'm sick of the smoke up the ass and the unceasing lies. You?

"Amid poor outlook for 2009 overall, Fed sees good signs; Sales, production suggest recession could be easing" by Jeannine Aversa, Associated Press | May 21, 2009

WASHINGTON - The Federal Reserve expects the economy to improve in coming months, even as policymakers downgraded their outlook for all of 2009 and said the unemployment rate could approach 10 percent.

Fed chairman Ben Bernanke and his colleagues continue to believe that business sales and factory production will begin to recover gradually during the second half of this year as President Obama's stimulus package and the Fed's aggressive efforts to lift the country out of recession take hold....

Actually, if you read some of the blogs, you find they are planning on the destruction of the economy later this year. The current period is being referred to as a con game.

In March, Fed policymakers launched a $1.2 trillion effort to boost the economy by buying government debt and mortgage securities. At the April meeting, some members said that effort may need to be expanded to speed a recovery.

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How many TRILLIONS is that now? I lost track at about 12!!!