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Posts Tagged ‘Federal Reserve’

ATLANTA— The Federal Reserve announced yesterday that it will begin using proceeds from its maturing mortgage bonds to buy more government debt, thereby restarting on a smaller scale the quantitative easing policy the Federal Reserve had discontinued back in March.   The purpose of quantitative easing is to purchase debt in large volumes so as to lower, or ”ease,” long-term interest rates.   [...]

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ATLANTA— I keep watching the headlines, waiting for the big day to come.  Will it come in a bang?  Or will it play out over a year or two of painful, elongated decline?  The continued debasement of the dollar by our federal government through Barack Obama’s record deficit spending and through Ben Bernanke’s quantitative easing [...]

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ATLANTA— The spread between interest rates on 2-year Treasury notes and 10-year Treasury notes spiked to the highest on record in daily trading yesterday, driven by fears the burgeoning U.S. federal deficits and quantitative easing at the Fed might exacerbate inflation in the upcoming years.  A spike of this variety suggests investors are increasingly demanding higher interest [...]

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…the question we really should be asking is: why keep insolvent banks afloat? We believe there is no convincing answer; we should instead find ways to manage the systemic risk of bank failures,” Nouriel Roubini and Matthew Richardson, May 6, 2009. ATLANTA— From the beginning, I have been opposed to the government bailouts of major financial [...]

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I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. —Barack Obama, Dover, New Hampshire, September 12, 2008

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ATLANTA— Barack Obama has now been in office for 100 days, which marks the traditional starting point for assessing how his presidency is doing. Mr. Obama’s first 100 days have been incredibly active.  In reality, they have had to be.  He faces two ongoing wars and a crippling, global financial crisis. Additionally, he is a [...]

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ATLANTA— The Obama Administration is declaring its intent to centrally regulate our economy in such a way as to avoid the creation of new asset bubbles in the future.  To achieve this, they would commission a central regulator to identify and stop bubbles before they reach a destructive size and scope.  I have pasted an article from Politico discussing this intent [...]

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