Wednesday, April 29, 2009
The Fed's meeting
The Fed comes out with their statement today, and in the leaks last week we were told that the Taylor rule, indicated that a -5% Fed funds rate would be appropriate for today's economy.
If that is the case, shouldn't we hear about Quantitative Easing II?
But hasn't that plan already been a bust?
Ever take out your trash on trash day, and see your neighbor with a generic hefty bag, stretched to the gills with garbage?
It's packed so tight, that you can see through the bag!
That's our Fed with all of their programs.
Now they have to wrap it up in a good sports bra!
Just so the world thinks they have things under control!
Posted by Palmoni at 7:15 AM