Tag Archive: economic stimulus

Does the Fed Have Any Credibility Left?

The Federal Reserve has demonstrated that it is incapable of weaning the stock market off Fed-stimulus. This begs the question of whether the central bank has any credibility left as an inflation fighter and independent institution. The central bank began “treating” the market years ago. The Federal Reserve began with an initial round of QE, and when that didn’t work, it proceeded to provide additional injections in the form of QE2 and later QE3. Even that wasn’t enough, and the Fed was also forced to... Continue Reading

U.S. Crosses $20 Trillion in Debt Threshold

The United States was reportedly in debt as of Friday to the tune of $20.16 trillion. Yes-that’s trillion. To put this figure into context, well, let’s just say that you could stack $100 bills in massive piles all around the Statue of Liberty, and literally box her completely in. How did the U.S. get here you may be thinking…Well, the massive debt is a combination of things including previous tax cuts, fighting in wars and economic stimulus. Think about that for a moment. The Iraq... Continue Reading