Thursday, September 13, 2012

Quantitative Easing Forever

With the Federal Reserve pledging to buy $40 billion in mortgage-backed securities per month for the indefinite future and a pledge to keep short-term interest rates near zero into 2015 (source), the film may as well be called:

"Fed Chairman Ben Bernanke evidently thinks that driving up the stock market will quicken the animal spirits of the affluent 20 percent who own 93 percent of equities, and this “wealth effect” will spur economic activity, eventually benefiting others. So, the interest rates Barack Obama favors are a form of the trickle-down economics he execrates." - George F. Will (source)

Sunday, September 9, 2012

Treasury Bonds - The Fed's Fuzzy Math

(click for full version)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Thomas Jefferson

Wednesday, September 5, 2012

Segregated Conventions?

On a hunch, I took snapshots of the crowd during the 2012 Republican National Convention and the Democratic National Convention. The results were black and white.