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FED continues to attempt to game the system while everyone suffers from this shitty economy ! What a bunch of assholes. Check it out !

 
Anonymous Coward
User ID: 34837866
United States
03/08/2013 08:29 PM
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FED continues to attempt to game the system while everyone suffers from this shitty economy ! What a bunch of assholes. Check it out !
You can tell these games are all about balance sheets. Who gives a flying fuck if the FEDS balance sheet has losses ? They just print up some more dollar script notes and walla !
Are they putting on this show for everyone to have concern while they rape and pillage the world ?
wtf

The U.S. Federal Reserve is considering jettisoning a plan to eventually sell off the massive haul of bonds it is now buying, a politically defensive strategy that would have the added benefit of supporting the economy for years to come.

In what would be a revision of their blueprint for the eventual tightening of monetary policy, Fed officials have said they could simply allow the trillions of dollars in securities they have bought through three rounds of quantitative easing to mature.

Fed Chairman Ben Bernanke and other officials have said a decision not to sell the mortgage and Treasury bonds would only add about a year to the process of returning the central bank's balance sheet to a more normal size of around $1 trillion, probably around 2020. It is worth some $3 trillion now, and could swell to near $4 trillion by year end.

While a new "exit strategy" is not likely to emerge from the Fed's next meeting on March 19-20, officials plan to review the blueprint soon because it has not been updated since mid-2011.

Under the existing plan, the Fed would commence asset sales at some point after policymakers begin to raise interest rates.

But things have changed since the plan was put in place.

Not only has the central bank's balance sheet grown in value, but the average duration on the bonds has risen by 3 years to about 10 years. That means the Fed could suffer big losses on its portfolio later this decade if it sells assets when interest rates climb.

[link to www.cnbc.com]
Anonymous Coward (OP)
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03/08/2013 08:51 PM
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Re: FED continues to attempt to game the system while everyone suffers from this shitty economy ! What a bunch of assholes. Check it out !
For some common knowledge here ! bump
Anonymous Coward
User ID: 35676013
United Kingdom
03/12/2013 05:04 PM
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Re: FED continues to attempt to game the system while everyone suffers from this shitty economy ! What a bunch of assholes. Check it out !
Bernanke doesn't care, he's only holding on till the end of the year then he's gone and it then becomes someone elses problem.

He wants to go out on a high so that he can say look, I pulled us out of the worst economic crisis since the great depression, left the markets at an all time high blah blah blah blah blah.

In the meantime its ordinary Joe public who has to pay, and the shits only going to get worse.

The corporations will get richer the rich will get richer, the poor are fucked.

Always have been always will be.