The Federal Reserve is likely to signal further efforts to revitalise securitised markets for credit at its policy meeting this week, which will see interest rates maintained at virtually zero. Full Story »
Posted by Derek Hawkins
Yet another economic story about the destruction of the U.S. economy but forecast as if the central players at the Federal Reserve actually know what they are doing, including giving banks free money at zero interest with no evidence of transparency. This article forecasts possible moves in the week to come; but the reporter still had an obligation to explain the consequences of each of those moves without the jargon.
Then again, The Financial Times believes as the feds do that Wall Street is more important than Main Street where the majority live within their means and put as much as they can scrape into savings at 0.0025 interest.
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