Fed to Buy Government Debt; Says the Recovery Has 'Slowed'

Do you still doubt that the Fed will fail to meet all the needs to develop as the economy rolls over to a new low? QE is to Infinity!

Jim

Acknowledging that "the pace of recovery in output and employment has slowed in recent months," the Federal Reserve on Tuesday announced that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities.

Jim,

How many investors remember when Fed and its various mouthpieces were worried about timely withdrawal of stimulus in late 2009? Capital unlike the public never forgets.

The price of gold, which is closely watched and managed by connected interests, reflects capital’s confidence in monetary leadership. Capital does not buy into the BS. The price of gold spiked on the news.

Eric

Tobacco Smoke Enema:


Source: nytimes.com