Now Here Is A Central Bank Doing It's Job

Discussion in 'Economics' started by Aaron Copland, Apr 15, 2008.

  1. Doing their job and not playing politics. Perhaps a rate increase is needed.
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  2. Inflate or die!
  3. Central Banks around the world have been pumping the money supply like crazy for the last several years. And at a current money-pump rate of 20%, the US is not even the worst offender... imagine that!

    OF COURSE there's an inflation problem, regardless of how the Gummint lies about it.

    Rates in the US should be rising, too. :mad:
  4. You do realize the ECB's "job" (mandate) is different from the Fed's, yes?
  5. True... but is the "mandate of the Fed" virtuous? Not in my eye.

  6. Are you talking about Northernrock?
  7. Perhaps a split mandate, inflation/bank rescues. Now that’s being politically correct.
  8. I hope you're joking.

    Ignore words and watch the actions. All central banks have been printing like crazy.
  9. But not all are droping the fed funds rate. So many seniors are dependent on savings returns. And don't want to play in the wall street casino.

    Yet the US fed is shitting all over these people.
  10. alesund


    #10     Apr 15, 2008