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Old 02-06-2013, 12:21 PM   #1
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Cheerleading for the FED

http://finance.yahoo.com/news/global...075955967.html

"But the best kept secret is that the Fed does more for the successful operation of the global business cycle than all these "talking shops" combined. And it does that at no cost to American taxpayers. Last year, for example, the Fed transferred $76.9 billion in profits to the U.S. Treasury, while one of these summit jamborees can cost $850 million."

I guess they have never heard of inflation?

"The dollar bears may also wish to reconsider: the greenback will have no match as the world's key transactions currency for as far as the eye can see. And while there may be some competition for the dollar as a store of value, the Fed's commitment to price stability in the United States should be taken seriously."
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Old 02-06-2013, 12:46 PM   #2
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Old 02-06-2013, 12:51 PM   #3
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Old 02-06-2013, 01:32 PM   #4
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Last edited by DSAbug; 02-06-2013 at 01:35 PM.
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Old 02-07-2013, 02:40 AM   #5
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Originally Posted by benjamen View Post:
http://finance.yahoo.com/news/global...075955967.html

"The dollar bears may also wish to reconsider: the greenback will have no match as the world's key transactions currency for as far as the eye can see. And while there may be some competition for the dollar as a store of value, the Fed's commitment to price stability in the United States should be taken seriously."
I guess if one is blind, the 'as far as the eye can see' actually makes sense. Otherwise, one must be wearing rose-colored glasses. Either way they can't or won't see too far.

Taken seriously? Give me a break.
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Old 02-20-2013, 09:16 AM   #6
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http://finance.yahoo.com/blogs/break...3Rpb25z;_ylv=3

"Despite it all the notion that Federal Reserve Chairman Ben Bernanke did the right thing by launching unprecedented monetary stimulus remains controversial. The view of the Wall Street cynics (and almost everyone on Wall Street is a cynic) is still that an economic disaster is just around every corner.

Lee Munson of Portfolio LLC and author of Rigged Money, is one of the few willing to step up and take the other side. Dismissing the doomsayers as "smart guys who sell books, who sell newsletters and tell people to buy gold and keep it overseas," Munson thinks it's long past time for the Cassandras to admit defeat.

Core inflation hasn't spiked, interest rates have remained exactly as artificially low and the dollar remains the world's reserve currency."
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Old 02-20-2013, 09:29 AM   #7
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