FOMC Minutes 4-8-09: 'Economy Sucks Big One, Thanks for the 1+ Trillion, Mr Taxpayer'

Discussion in 'Wall St. News' started by ByLoSellHi, Apr 8, 2009.

  1. Bernanke & Co. have abandoned any pretense of eloquence and have adopted use of 'street slang.'

    http://www.marketwatch.com/news/story/Worsening-economy-forced-FOMCs-hand/story.aspx?guid={2047179C-CC83-4ABE-9B88-9265A1CB25E7}


    Worsening economy forced FOMC's hand: minutes
    By Rex Nutting
    Last update: 2:02 p.m. EDT April 8, 2009

    WASHINGTON (MarketWatch) - A significantly worsening economic outlook forced the Federal Reserve's hand in mid-March, leading the Federal Open Market Committee to commit to buy up to $1.25 trillion in long-term assets to goose the economy and prevent a slide into deflation, according to minutes of the March 17-18 meeting released Wednesday. The summary of the meeting indicates little debate among the FOMC members on the question of buying longer-term Treasurys, with the major disagreement coming over how much to buy. All members of the committee agreed that "substantial additional purchases of longer-term assets ... would be appropriate," the minutes said.
     
  2. Rally on market, rally on
     
  3. TGregg

    TGregg

    The economy gets "goosed" but the taxpayers get #@&^ed up the @$$.
     
  4. 'Goose' is not to be found in the actual FOMC minutes released by the Fed. The word used was the reporter's, not the committee's... With a punchy name like Rex Nutting (honestly, this sounds like a name for a pornstar, not a financial reporter), I suppose, 'goose' comes all natural-like.
     
  5. [​IMG]
     
  6. TGregg

    TGregg



  7. NICE GOOSE, DUDE!

    :)
     
  8. Knew it. Bearish article + homoerotic title = BuyLow / S2007
     
  9. Piss off, and put your head back where it belongs.

    [​IMG]
     
    #10     Apr 15, 2009