Posts Tagged ‘crash’

I’m not trying to suggest a “dooms-day” scenario will materialize. However, the longer the Fed continues to pump up the economy, the harder it will be to return to normal. The Fed is paying interest on bank reserves for one reason, to keep the money in reserve and out of the economy. If so, why would the Fed continue adding $55 billion per month? As I said, it is purely psychological. After all, people will spend more if they actually are richer or if they believe they are richer. In this case, it seems to be the latter.(Link)

LinkWookieepedia: Link was a MC80a Star Cruiser belonging to the Rebel Alliance.

Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. (See our 2005 segment with Burnham below about how “lizard brains” influence our economic decisions.) (Link)

LinkWookieepedia: Link was a MC80a Star Cruiser belonging to the Rebel Alliance.

AM TV

Posted: February 3, 2014 in Economy
Tags: , ,

[NEW YORK] US manufacturing activity slowed sharply in January on the back of the biggest drop in new orders in 33 years while construction spending barely rose in December, pointing to some loss of steam in the economy.(Link)

imagesIntense Selling: Wall Street Walloped Amid Mounting Uncertainty… (Link)