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(CNBC)   Bank officials make case for further easing, mainly since they are out of lube   (cnbc.com) divider line 8
    More: Obvious, Kansas City Fed, Federal Reserve, Charles Plosser, Federal Reserve Chairman Ben Bernanke, Philadelphia Fed, Thomas Hoenig, Asian Tigers, regional banks  
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741 clicks; posted to Business » on 17 Aug 2012 at 2:35 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-17 12:57:21 PM
The article says the exact opposite of what the headline says. They're arguing against further easing.
 
2012-08-17 02:42:30 PM
Until the banks are covered with a few regulations that will keep 2007 from happening again, it doesn't matter what banks ask for, all they should get is a steel toed boot to the nuts. Metaphorically.
 
2012-08-17 02:59:10 PM
www.businesspundit.com
 
2012-08-17 03:10:47 PM

MacEnvy: The article says the exact opposite of what the headline says. They're arguing against further easing.


This. Raising the target inflation rate would erode the value of their debt, which helps the debtors but not so much the banks.
 
2012-08-17 05:12:54 PM
A this point, a van full of Oompa Loompas could do a better job anticipating and reacting to market conditions than any of the empty suits at the Fed.
 
2012-08-17 07:56:06 PM

Grand_Moff_Joseph: A this point, a van full of Oompa Loompas could do a better job anticipating and reacting to market conditions than any of the empty suits at the Fed.


but, I thought John Boehner was to busy to be in a van let alone be cloned
 
2012-08-17 09:34:57 PM
With so many people out of jobs, these policymakers argue, there is little upward pressure on prices, giving the Fed room to flood markets with easy money to boost employment without fear of sparking inflation

Really? I guess these "policymakers" don't drive, or shop for groceries.... But then again, given things we use everyday no longer are part of the inflation calculus, this statement isn't completely and totally full of shiat...
 
2012-08-20 06:59:39 AM

Arkanaut: This. Raising the target inflation rate would erode the value of their debt, which helps the debtors but not so much the banks.


This is a very important point.

Inflation is a sign of a growing economy, but it lessens the real value of outstanding loans.

This represents the real tranches of class warfare right here. That the commercial banking system will not tolerate any loss in equity
even if it means a broadening of the consumer base. And they will fight tooth and nail to prevent the Federal Reserve from fulfilling it's 2nd mandate
of "full employment" and will happily force the public sector to deleverage from it's debt overhang with insufficient income to actually pay off that debt overhang.

This right here is why the banking sector got trillions while main street America only saw a couple hundred billion.
 
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