The Fed's $600 Billion Statement, Translated Into Plain English

[bwhhisc]

RD special....

Interactive article....you can click on each statement from the Federal Reserve and it translates it into "layman's terms" .

Or click "convert all" for the cut thru the BS quickie tour.

http://www.npr.org/blogs/money/2010/...l-reserve#more

[Rubber Duck]

Originally Posted by bwhhisc

RD special....

Interactive article....you can click on each statement from the Federal Reserve and it translates it into "layman's terms" .

Or click "convert all" for the cut thru the BS quickie tour.

http://www.npr.org/blogs/money/2010/...l-reserve#more

Yes, but what he doesn't say is that Federal Government is on the verge of insolvency. The Chinese loans are now nearly all short maturities and they have just down graded US Sovereign Debt and given it a negative outlook.

If nobody else will lend the money then Bernanke has no option but to print it regardless of the impact on the economy.