Double-Whammy on the way!

[slamlander]

1. Second round of Quantitative Easing will cease on schedule. 1
   

Amid increasing political pressure and turbulent financial conditions in the world economy, the Federal Reserve is letting its massive bond-buying stimulus program expire in the next few days without a new initiative to prop up the weak American recovery.

Why we can’t afford more war.

Comments

[desertrat66]

Way I see it Bush started us down this road (no doubt paving it with good intentions) and them Øbama mashed the gas pedal to the floor. While promising unicorns and rainbows for everyone. In the end Our debt was doubled and we have economic indicators at levels not seen since the Great Depression.

If we don't wind up going the way of Zimbabwe I will be surprised.

[desertrat66]

In other news Palin called the current U.S. economic news or more likely someone advising her.

[slamlander]

Bernanke goes with the theory that inflation is better than deflation. However, the guy that'll tell you about hyperinflation is Gonzalo Lira. He's been calling that for some time now. Frankly, I'm less sure but Gonzalo makes some very strong points.

[slamlander]

I might point out that a good chunk of that doubling was actually putting both Iraq and Afghanistan on the books. Bush had them off-book so we wouldn't see how expensive they were.