Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label Fed Programs. Show all posts
Showing posts with label Fed Programs. Show all posts
08 July 2010

What Next from the Fed: the Obvious, More of the Same, Secrecy, and Inevitably Devaluation

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I suspect that this is a 'trial balloon' story that the Fed sends out as a means of informing its constituents about the likely path...
23 February 2009

The Fed's Balance Sheet Strategy to Support Qualitative Easing: A Synopsis

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“They [the Fed's financial crisis programs] all make use of the asset side of the Federal Reserve’s balance sheet. That is, each involve...
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