Wednesday, June 19, 2013

The Looting Continues

According to the LA Times, the Fed has decided to keep printing money as fast as the presses can run.

Breaking news
Fed to continue stimulus policies, won't hike interest rates
Los Angeles Times | June 19, 2013 | 11:15 AM

Federal Reserve policymakers said today that they would continue the central bank’s controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery.

Fed officials, after their two-day meeting, said they had no plans to change the Fed’s monthly purchase of $85 billion of Treasury and mortgage-related bonds. They also upgraded their forecast on the unemployment rate, saying it could fall to as low as 7.2% this year and 6.5% next year. But the Fed downgraded its projections of economic growth this year to no more than 2.6%, from an earlier forecast of as high as 2.8%.

For the latest information go to
Why not?
If they stop now the game is over.

1 comment:

  1. Hmm two million were just dropped off the unemployment check rolls supposedly because of the sequester. Yet unemployment is going down ?
    Oh yeah those people don't count as they are not looking for work....


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