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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (53851)	9/25/2013 10:07:53 PM
From: RMF	Read Replies (1) \| Respond to of 85487

I'll have to check those sources out, but still in my opinion Coolidge was pretty much a NON entity as president. He may have been "aware" of what was going on and did nothing, but to me that would be WORSE..

To: Joe Btfsplk who wrote (53851)	9/25/2013 11:55:50 PM
From: FJB	Read Replies (1) \| Respond to of 85487

Stephen Roach On Inequality And The Fed's "Treacherous Endgame" Submitted by Tyler Durden on 09/25/2013 - 20:04The Federal Reserve continues to cling to a destabilizing and ineffective strategy. By maintaining its policy of quantitative easing (QE) – which entails monthly purchases of long-term assets worth $85 billion – the Fed is courting an increasingly treacherous endgame at home and abroad. By now, the global repercussions are clear, falling most acutely on developing economies with large current-account deficits. But there is an even more insidious problem brewing on the home front - wealth effects are for the wealthy (as the Fed knows too well). QE benefits the few who need it the least. That is not exactly a recipe for a broad-based and socially optimal economic recovery.