Alas - a reasoned view (though one I don't entirely agree with) - this thread was getting a little stale with a technician and a state school grad...
Oh boy. Well, you know what - we aren't academics here right? Why get angry? Just trade your convictions. You think fed is a terrible institution...
Um, I have. I have an advanced degree in economics, an undergrad degree in history, and a math degree. Unlike most people around here, I actually...
This is kind of funny actually... suppose we have the following: An Econ Major: Burn your econ textbooks An Econ Phd (I'm not one): It's more...
Every major economy in the world has a central bank that carries out monetary policy (the degree of independence from the government varies and is...
Why? Without quoting conspiracy theories and childishly inaccurate economic reasoning - why? While there are rationale and reasonable objection to...
This is so completely illegal it's not even funny.
Not at all. On this announcement, Citibank's CDS traded from 42.5bps this morning to 38.5bps - implying that the bank is less risky. It's a...
Just one question: What exactly is the fed doing with their "profit"? As far as we know, fed governments and chairmen aren't exactly rolling in it....
Link on the second page.
Clearly, governments have lied and made up data (to wit, China and the Soviet Union in the 50s through 70s, probably even now). But your earlier...
Go to the next page! That's just one side of the accounting statement. The government first pays the Fed as holders of treasury securities. The...
I offer a third party audited set of statements that are widely read by every private, quasi-public, and central bank in addition to investment...
Well - let's do this. What can we (or anyone) show you that will disprove the fact that the fed is a conspiracy of sort (note: I didn't say prove,...
http://www.federalreserve.gov/boarddocs/rptcongress/annual06/pdf/tables.pdf The above link contains the GOP and private accounting firm audited...
How many time has it been stated that there are clear procedures whose implementations are audited both by government and private organs that...
No. That's not correct. "The Federal Reserve's most critical role is to keep the economy healthy through the proper application of monetary...
It's not the fed's job to move rates to reflect some "reality". Interest rates is a monetary policy instrument. In this case, raising rates is not...
And to this joker: no you don't have any recourse. Any fund that's marked-to-market will necessarily incur the probability that it's NAV dips...
In all likelihood (of course, I could be wrong, naturally), the person answering the phone has little access about the exact composition of those...
Separate names with a comma.