Tag Archives: federal reserve

Food and Energy Inflation Is Not Transitory

FORT LEE, N.J., April 28, 2011 /PRNewswire/ — Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy… Read More »

Obama’s Speech on Deficit Reduction: “My finely honed Political Instincts”

Our Obama, who art on vacation, Hollowed be thy head. Your limo come, vacation’s done, in Chicago as it is in Hawaii. Give us this day our daily cheese, and forgive us our conservatism, as we forgive those commie, pinko, progressive, tree-hugging environmentalist wacko Van Jones clones who trespass against us. And lead us not… Read More »

Learning Economics From Chinese Students

As shameful as it is, a Chinese student gets what we’re struggling to understand – government policies are stifling consumption, exports and therefor the economy. A Bloomberg.com post mentioned that when a professor was discussing the nation’s move to keep interest rates low, a student chimed in with true wisdom: Peking University professor Michael Pettis was discussing… Read More »

Economy Nearing Carter-Era Catastrophe – Volcker Present Again

Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month.  Yahoo news points at a separate survey that shows 558,000 more people were unemployed in… Read More »