Federal Reservations

Back in 1969, a Disney cartoonist sat down at his story board and produced a booklet that the Disney organization never saw: The Official Counterfeiter. It was a presentation of fractional reserve banking and the role of the Federal Reserve System. His name was Vic Lockman. As far as I know, he was the first cartoonist ever to do a booklet based on the Austrian theory of the business cycle. He revised the booklet in 1974. It is now back online.

Originally from The Market Oracle

WASHINGTON (MarketWatch) - The notion that the European Central Bank can run to the rescue of Europe is "overplayed" in financial markets, said James Bullard, the president of the St. Louis Federal Reserve Bank, on Thursday. The notion that inflating is like a free way out of the sovereign-debt crisis is incorrect. Bullard said. It is actually "the worst way" to solve such a crisis because "there would be an inflation-risk premium in the future for all countries that are borrowing in euros. So you would be punishing the countries that have had fiscal rectitude," Bullard said in an interview on Bloomberg Television. The European debt crisis won't be solved "with a silver bullet," Bullard said. "You are talking about governments that have borrowed way too much. It is going to take years for them to get the fiscal rectitude and the fiscal austerity that they are going to need to work down that debt over time," he said. The Fed could reopen its liquidity facilities used in 2008-2009 if the crisis spilled over into U.S. markets. "The first step would be to use these battle-tested things we've used before," Bullard said.

Originally from MarketWatch

The Federal Reserve has become more in interested in what it says about policy than policy itself... IS THIS a sign the Federal Reserve has run out of ammo? The latest Federal Open Market Committee minutes contain a whole section on 'Monetary Policy Strategies and Communication' (the FOMC had a presentation on the subject – to have been a fly on the wall...)

Originally from The Market Oracle

Crude-oil futures rebound Wednesday, snapping a three-day losing streak. Oil pared its advance, however, in face of reaction to Federal Reserve comments.

Originally from MarketWatch

Here’s one of the protesters Reason.tv spoke to at Occupy Wall Street in Los Angeles on October 12, 2011. She identifies herself as Patricia McAllister and as an employee of Los Angeles Unified School District.

“I think that the Zionist Jews, who are running these big banks and our Federal Reserve, which is not run by the federal government… they need to be run out of this country,” she said.

The full coverage of this protest can be seen here.

Originally from Big Government

U.S. stocks rise for their first session in four as fears about Europe’s debt troubles abate and the Federal Reserve finds modest economic expansion.

Originally from MarketWatch

U.S. stocks maintain robust gains after the Federal Reserve’s Beige Book finds economic activity continued to expand at a modest pace.

Originally from MarketWatch

There’s a bank run underway...but in reverse. All the major U.S. banks are seeing an influx of deposits. Reserve levels at the Federal Reserve are climbing to astronomical levels.

Originally from All News, Video and Posts related to TOPIC: Federal Reserve

SAN FRANCISCO (MarketWatch) -- This week's stock selloff was the worst performance for the S&P 500 and Nasdaq Composite since the week ended Nov. 21, 2008. In that week, the S&P 500 lost 8.4% -- versus the past week's 7.2% drop -- and the Nasdaq lost 8.7% vs. 8.1% in the latest week. Just days following the November 21 weekly drop, which came amid convusions in U.S. financial system, the Federal Reserve announced it would buy mortgage-backed securities and bonds issued by the government-sponsored mortgage finance agencies. That special monetary tool, which was eventually expanded to other bonds, became known as the first round of quantitative easing, or QEI. The Fed's Federal Open Market Committee meets again Tuesday.

Originally from MarketWatch

We think that by late fall, the Fed will find some new disguise to renew asset purchases in an attempt to help along our baby biker.

Originally from All News, Video and Posts related to TOPIC: Federal Reserve