Comments on: Counterparties: Well Fed critics A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: fresnodanhome Sat, 11 May 2013 13:46:13 +0000 The industrial FED apologist complex.
Is there an organization with more empirical evidence of ineptness? But just as the military industrial complex has a vast incentive to justify and expand itself, the same applies to the FED. s/2007/gei070323.html speeches/1999/19990319.htm testimony/2002/20020417/default.htm king-sector-remains-literally-unchanged/  /bloomberg-news-responds-to-bernanke-cr iticism.html

Yes, the US is in the best of hands….the great recession was like a hurricaine or sumthin’

By: TBV Sat, 11 May 2013 07:59:30 +0000 “Fed bashing” from people like James Grant (and his readers, Druckenmiller, El-Arian, Faber, et. al.) goes at least as far back as the 87 crash. What’s new?

Low interest rates? David Stockman writes:

“the Fed’s prosperity management model has led to the extinction of the traditional saver class. During the fourteen-year period since the Greenspan Fed panicked at the time of the LTCM crisis, its interest rate repression policies have resulted in an inflation-adjusted return on six-month bank CDs of exactly zero percent.” (The Great Deformation, p. 496.)

And of course the “investment return” on Treasury’s most recent 4-week T-bill auction (before inflation) were just that: 0.000% — precision to 3 decimal places.  

Bernanke’s legacy will be the assist he gave beleaguered PE titans, whose top nine executives took home only $1 billion in dividends and compensation last year: 127887323293704578334651224569798.html

We get the blogosphere we deserve. sigh.