Why the Fed has no ammo left....
Posted in the Banking Forum
#1 Mar 17, 2014
Read this: The Federal Reserve gets a lot of credit for what passes as an economic recovery. Whether it deserves that credit, going forward the Fed has very little power to influence events because it is essentially out of ammo to further ease. The economy, meanwhile, is still lackluster, despite the central bank's unjustified optimism.
The Fed cast a warm and fuzzy glow in January, when it predicted a pickup in economic growth, which it cited as its rationale for tapering its bond buying campaign, called quantitative easing (QE). And if that acceleration doesn't happen in the near future? By Kevin Flynn, AdviceIQ 7:17 p.m. EDT March 16, 2014
The point: All the double talks in the remaining article...MY take - Starting six months ago, the increasing sizable withdrawal of capitals from the Fed Foreign holdings make any more easing impossible!!!
Fed used those foreign holdings as a questionable collateral...But, it ran out because Ben Bernanke's incessant and irresponsible practices in the past six years!
When the "National Debt" became a Non-Issue in 2014, it fooled only the residents in America!!! History never lies!!!
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