Obama Returns Fire After China Slams Fed’s Move

President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week’s Group of 20 meeting. The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent a currency row [...]

G-20 on Collision Course

The United States and China are on a collision course as this week’s gathering of leaders of the 20 most important economic powers threatens to devolve into a meaningless charade amid pressure against a US scheme to cure financial ills by printing ever-more money. From China to Germany, Brazil to France, the world’s financial wizards [...]

U.S. “Quantitative Easing” is Fracturing the Global Economy

What is reversing trends that seemed irreversible for the past 65 years is the manner in which the United States has dealt with its bad-debt crisis. The Federal Reserve and Treasury are seeking to inflate the economy out of debt with an explosion of bank liquidity and credit – which means yet more debt. This [...]

Profitably Escape Paper “Wealth”

Note that this semi-Covert Fed Equities Market Juicing via POMOS, when coupled with the Public Juicing, constitutes a Massive (e.g. $20+ Billion in one week!) Quantitative Easing. Summers is right. The Ultimate Result of all this Artificial Market Juicing will not be pretty. Throughout this September, 2010 just ended, it was this juicing and only [...]

Next Round Of QE In England Now A Virtual Certainty

In a speech before the Imperial College in London, Bank Of England Policy Committee member David Miles made it almost a  virtual certainty that Quantitative Easing will continue in England, saying it is “entirely plausible” that further QE will be appropriate. According to Market News, Miles said that the minutes of the February meeting of [...]

Bank of England to Extend Quantitative Easing

Companies will soon be able to offload high-quality short-term debt on to the Bank of England, which announced on Monday it planned to extend its Asset Purchase Facility to forms of working capital. The Bank said it would begin a rapid consultation on purchasing commercial paper backed by assets such as trade receivables, equipment leases [...]

China Says Global Easing Policies Risk Devaluation

Global central banks risk inflation, currency devaluation and a “big consolidation” in bond markets by pumping cash into their economies, the People’s Bank of China said in its quarterly monetary policy report. The Federal Reserve and the Bank of England this year started quantitative easing, or printing money to buy government bonds, a policy that [...]