Tag Archives: trillion

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    Off the Cuff: When Trillions Aren’t Enough

    Our banks' bottomless need for capital
    by Adam Taggart

    Thursday, October 4, 2012, 3:36 PM

    14

    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • No Joy on Wall Street
      • Banks cry poor despite record profits
    • The Invisible Recession
      • Hidden by faulty data
    • The Fallible Fed
      • It really doesn't know what's going on
    • Our Taxing Tax System
      • The case for simplification

    It's clear to all that QE3 is a continued push by the Federal Reserve to rescue the banking system. But why is it necessary?

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  • Blog

    Daily Digest – July 23

    by Davos

    Thursday, July 23, 2009, 3:00 PM

    0
    • The Dollar is Overvalued… But Against What? (Chart)
    • When $3 Trillion Seems Like Small Potatoes (Chart)
    • Suburban Suvilaist, Economic Preparedness (MSNBC Video)
    • Q&A of Fed Reserve Chair Bernanke by Alan Grayson (Video)
    • Morgan Stanley Pays Damages For Precious Metals Fraud
    • Elizabeth Warren on Consumer Financial Product Agency
    • Feldstein: Risk of Double Dip
    • Minsky: Turning Neoclassical Economics On Its Head
    • 180 Degrees Off Target
    • Whalen On Banking (Video on page)
    • CNBC Attempts Assasination on Barofsky (Video, Repost)

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  • Blog

    A Recent Alert – Fed Prints a Trillion

    by Chris Martenson

    Saturday, March 21, 2009, 12:55 AM

    0

    Below is an alert I sent out on Wednesday evening.  I want everyone to see what is at the forefront of my thinking right now.

    I am busy writing up my next layers of thought around this development and will make that the basis of my next Martenson Report or two.  

    Why?  Because this recent action by the Fed is a "game changer."


    In a shocking development that I frankly hoped we’d never actually see, the Federal Reserve dropped a bombshell yesterday and announced that it is going to create an extra $1 trillion dollars out of thin air to support the spending desires of the US government and to drive down interest rates for mortgage borrowers.

    Of course, this will continue to punish savers and pension plans, but those, frankly, are of no concern to the Fed.

    Below I explore this outrageous turn of events. Please note that I have not had much time to digest this incredible news and that I reserve the right to add to (or amend) my thinking over the next few days.

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