Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

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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