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Posts Tagged ‘Federal Reserve’

More Financial Regulations, More Financial Failures By John Tamny Back in 2000 and 2001, the first stage of the Internet era ran aground in an ugly way. From Webvan to theGlobe.com to eToys, investors saw their stakes in these once high-flyers reduced to nothing. What’s important is that the dying companies were allowed to fail. [...]

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ATLANTA— Barack Obama announced his new Afghanistan strategy yesterday in a press conference.  A summary of Mr. Obama’s plan, according to the USA Today, is provided at the bottom of this missive. While some of the specifics of this proposal make me hesitant (particularly the piece that involves increased economic aide to Pakistan), I am [...]

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  ATLANTA – Ben Bernanke has stepped in to do what he has been promising now for months, to monetize U.S. debt by purchasing $300 billion in longer-term Treasuries.   In layman’s terms, this is significant because the Federal Reserve is basically creating dollars out of thin air and handing them to the United States Treasury [...]

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  [Ben Bernanke] also dismissed concerns that expanding the Fed’s balance sheet would stoke inflation, pointing out that with global economic activity so weak and commodity prices low, there was little risk of unacceptably high inflation in the near term.” —At the National Press Club, February 18, 2009. From the Great Depression, to the stagflation [...]

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ATLANTA— Barack Obama announced on his radio address today that without action, the U.S. economy could lose hundreds of thousands more jobs- pushing unemployment above 10%.

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ATLANTA – The Dow fell 678 points yesterday and is set to tumble further today.  The Dow closed under 9,000 yesterday for the first time in FIVE YEARS.  These events are shocking and are evidence that

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