The Federal Reserve suffered a widespread disruption in multiple payment services Wednesday, including a system that banks and businesses rely on to zip trillions of dollars around the financial system each day.
FROM THE NEW YORK TIMES: Economists always warn, correctly, not to make too much of any single economic report, but rather to analyze new information in terms of longer-term trends. At the same time, Federal Reserve officials, up to and including Fed chair and ace economist Janet Yellen, keep saying they will raise interest rates … Read moreThe Fed’s Confusing Message About Interest Rate Increases
I am SHOCKED to see how much Janet Yellen has already changed the Federal Reserve.. She is currently on her Bangerz tour of all banks, ready to pump them full of much needed equity..
No, this is not Newt Gingrich in drag. It’s Janet Yellen. And yes, she’s a woman. Expect to see her face a lot more from now one. Give em’ Yellen: Janet Yellen about to take over the Federal Reserve. Evans Pritchard writes: “The Fed will be looser for longer. The FOMC will continue to print … Read more
Just when you thought the only thing to fear in December 2012 was the end of the Mayan calender and subsequent apocalypses, enter into the news fray this item of importance: Ben Bernanke is warning the nation of impending doom. A ‘fiscal cliff’ .. coming in January 2013…right as the new years eve ball (hopefully) … Read moreSo…If we make it through December we’ll be fine?