The Federal Reserve announced prior to Christmas that it would begin tapering its $85 billion per month quantitative easing initiative by $10 billion. Prior to Fed Chair Ben Bernanke exiting, he confirmed the institution would be increasing the taper figure by an additional $10 billion, which would reduce the monthly bond-buying program to $65 billion. […]
Archives for February 2014
Pope At It Again – ‘unjust’ unemployment can lead to sin, suicide
We all know Pope Francis doesn’t like capitalism and free markets: in the past few months, he has written that capitalism creates an impoverished society and believes the solutions to our global problems are more socialistic policies. Of course, the Pope is economically ignorant and Jesuits adhere to communism. In a message for Lent, the […]
Treasury Secretary warns a U.S. debt default could happen ‘very soon’
The United States federal government could default on its obligations and debt “very soon,” the Obama administration warned Monday. The U.S. is near the part where the government runs out of room to borrow money under a legal cap on the public debt. It’s pretty much a repeat of nearly every single year in this […]
Peter Schiff: Yellen will reverse taper, increase QE; U.S. to head into recession
Three important things coming out of the Federal Reserve this past month: Ben Bernanke has exited the Federal Reserve, Janet Yellen is now head of the central bank and the Fed might taper back more of its quantitative easing measures. Peter Schiff, president of Euro Pacific Capital, nails it on the head when he says […]