The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month, but the reduction will be gradual. The Federal Reserve has been buying 85 billion dollars a month in government bonds in an effort to keep interest rates low and boost economic growth. Read full article
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Technical analysis: They ran out of ink on the printing press.Dec 19th, 2013 - 11:36 am - Link - Report abuse 0
At the beginning of this printing money fiasco (which is the same in the UK) I suggested that they were stoking debt for no advantage. In fact, when the tit runs dry the whole mess will fall flat on its face.Dec 19th, 2013 - 03:07 pm - Link - Report abuse 0
We are now at that point, and all the financial analysts that said the same are now changing their tune. “Fragile recovery” (US) does not allow for a withdraw of support they are all bleating. Well, nor does dumping 85 Bn dollars into the market without any form of evidence of growth!
So we are now “on the cliff edge” as some see it. Not before time and they will have to claw back all the paper from the market before anybody will believe in the US Dollar like they used to, me included.