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how does giving away money to banks lessen unemployment? the linkage ain't clear. can you explain it to me, maestro?
Don't worry about unemployment. As soon the job-creating House Repugs get back to work in the next session, they will continue their incredible, never-ending War on Unemployment and helping the jobless.
how does giving away money to banks lessen unemployment? the linkage ain't clear. can you explain it to me, maestro?
related: Fed extends liquidity swaps to foreign banks through 2014:
The Federal Reserve, along with four other central banks, announced Thursday that it will extend a program that keeps borrowing costs cheap for foreign banks that want to deal in U.S. dollars.
http://money.cnn.com/2012/12/13/news...html?iid=HP_LNLast year, the Fed slashed in half the rate that foreign central banks pay to borrow U.S. dollars, a staple in global financial transactions.
The so-called dollar liquidity swaps are basically credit lines to foreign central banks. It's a tool that has been extended and revived several times, to lower the cost of short-term borrowing, particularly for European banks, and keep the global economy free of a credit crunch as in 2008.
The Fed announced Thursday that it will extend the program through February 2014. Previously, it was set to remain in place until February 2013.
Don't worry about unemployment. As soon the job-creating House Repugs get back to work in the next session, they will continue their incredible, never-ending War on Unemployment and helping the jobless.
ers are whoring to foreign banks propping the dollar to counterbalance the negative impact of monetizing of debt. Son of a !
What?
I thought we were "moving forward" with Obama to eliminate unemployment.
The Repugs control the House financial strings.
And the senate keeps shutting the house down.
http://www.marke ch.com/story/yel...ime-2014-03-31"For the many reasons I have noted today, I think this extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policymakers at the Fed," Yellen said.
example?
we know Boner won't even allow votes on stuff that comes from the Senate with bi-partisan passage.
nothing but continuing to enrich the financial sector, giving them free money to gamble.
Fed offers NO HELP for the non-financial economy, as always
can't piss off the political donor class. how can a public servant do good if he can't afford to run?
Fed people are appointed, not elected.
the Fed was created by the banks, for the banks, always was, always will be.
Last edited by boutons_deux; 04-24-2014 at 01:17 PM.
you'd do well to focus on basic elements of grammar and style. your posts often have a fractured, frenetic quality that does you little credit.
presumably there is such a thing subject/verb agreement in whatever your first language is.
cost of ultra low interest rates to American savers -- and hence, the benefit to banks -- is $758 billion, and that's just purchasing power lost to inflation.
http://www.money-rates.com/research-...rates-2014.htm
typy/grammar smack! GFY
QE3 comes to an end:
Read more here: http://www.mcclatchydc.com/2014/10/2...#storylink=cpyThe Federal Reserve on Wednesday formally ended its controversial purchases of government and mortgage bonds, and in doing so cleared the decks for eventual increases in interest rates, last seen in 2008.
The nearly unanimous decision by the rate-setting Federal Open Market Committee – only one member of the 10-person panel voted “no” – brought to a close a program that saw the Federal Reserve make more than $4 trillion in bond purchases, over three incarnations, designed to keep the economy moving forward after the financial crisis
so the financial sector created $Ts in toxic loans, and their puppets at the Fed bought them all.
"designed to keep the economy moving forward after the financial crisis"
no, designed to keep the financial sector afloat and enriching itself with free Fed $Ts. The Real Economy? still stagnating
we're in agreement there, only, I don't find it funny.
the Real Economy will go into full recession once the Repugs gut even more fed, state, local spending, eg, Kansas, Wisconsin, etc.
Republicans don't control the economy any more than Dems do. That's a fairytale.
Plus which, you're terrible at prediction. You do it all the time here, and you're almost always wrong.
who said anything about control?
govt spending, govt employment are huge components of the economy.
Cut $300B from DoD and see how many Ms of jobs are lost.
Just the ing F-35 fiasco sustains jobs in nearly every state. That's why Congress won't kill it, even though the military doesn't want it and other useless weapons systems.
government spending is not going away under GOP rule.govt spending, govt employment are huge components of the economy.
fed govt spending on science, safety net, health, environment, education, IRS, etc, will all be cut more, as they have been since 2010.
And red states will continue to screw public schools, lay off public school teachers, etc and then blame the schools for poor performance so they can transfer taxpayers funds to Christian Taliban madrasas and for-profit charter scammers, and kill RET as they are paid to do by BigCarbon.
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