Gold and Silver is on SALE Today...Enjoy...Thanks Blythe...
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QE: Hyper-Inflation to Oblivion
Merkel Sets Terms Of Quid Pro Quo: Tells Greece To Sell Assets, Ireland To Hike Corporate Tax Rate To Get Rate Cut Concessions
Submitted by Tyler Durden on 03/10/2011 11:45 -0500Auntie Angela has finally snapped at the panhandlers begging for handouts, making it clear what the quid pro quo considerations are for interest rate concessions:
Under the guise of engineering a "Goldilocks" recovery, the Federal Reserve has instead heated up yet another bubble which is now imploding. The Fed has long played Goldilocks to the U.S. economy, claiming the ability to avoid overheating ("too hot") or contraction ("too cold") and thus engineer a "Goldilocks, not too hot, not too cold" economy. Let's look at a long-term chart of the S&P 500 to see how successfully the Fed's Goldilocks has achieved a steady-state of merely "warm." Things swung from mighty hot to mighty cold and then back to boiling from about 1995 on. This chart shows that the Fed's claim to Goldilocks powers is pure hubris: what the Fed excels at is not maintaining a "warm" economy of steady employment and low inflation but a bubble economy of rampant speculation that inflates huge asset bubbles which then boil over and take down the real economy, which quickly chills to contraction and recession. In its hubris-soaked over-confidence with matches and the gasoline of credit creation and market intervention, the Fed has cranked up the heat and lit a conflagration which is burning down the three bears' home and indeed the entire global economy.
- MERKEL SAYS GREECE MUST SELL ASSETS IN RETURN FOR RATE CUTS
- MERKEL SAYS IRELAND MUST BACK JOINT CORPORATE TAX BASE FOR CUTS
- GERMAN LAWMAKERS CITING MERKEL AS COMMENTING IN CLOSED SESSION
- GERMAN LAWMAKERS SPEAKING ON CONDITION OF ANONYMITY
Guest Post: Fed Goldilocks Ignites Firestorm, Three Bears Now Homeless
Submitted by Tyler Durden on 03/10/2011 11:40 -0500Under the guise of engineering a "Goldilocks" recovery, the Federal Reserve has instead heated up yet another bubble which is now imploding. The Fed has long played Goldilocks to the U.S. economy, claiming the ability to avoid overheating ("too hot") or contraction ("too cold") and thus engineer a "Goldilocks, not too hot, not too cold" economy. Let's look at a long-term chart of the S&P 500 to see how successfully the Fed's Goldilocks has achieved a steady-state of merely "warm." Things swung from mighty hot to mighty cold and then back to boiling from about 1995 on. This chart shows that the Fed's claim to Goldilocks powers is pure hubris: what the Fed excels at is not maintaining a "warm" economy of steady employment and low inflation but a bubble economy of rampant speculation that inflates huge asset bubbles which then boil over and take down the real economy, which quickly chills to contraction and recession. In its hubris-soaked over-confidence with matches and the gasoline of credit creation and market intervention, the Fed has cranked up the heat and lit a conflagration which is burning down the three bears' home and indeed the entire global economy.
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