The Fed’s No Exit Dilemma – Podcast 11.22.13

The Fed’s No Exit Dilemma

JM Bullion

Podcast Summary:

Topics discussed

0:00-7:45 Fudging of the unemployment numbers prior to the 2012 election;the integrity of government data; QE’s impact on the economy.

7:45-13:45 data manipulation and interpretation by the Fed and the media; interpretation of initial jobless claims;Fed’s concern about not enough inflation;the media’s “recovery” mantra.

13:45-18:15 the minutes of the FOMC October meeting; the Fed’s no exit dilemma; Fed presidents talking at cross purposes with each other and themselves regarding tapering QE.

18:15 -26:24 the impact of QE taper talk on interest rates; the Fed’s proposal to keep rates low with out QE and how the bond market rejects it; the Fed’s stance that tapering is data dependent but keeping rates low for the next two years is not; angry birds analogy;the Fed’s credibility on tapering; why there is no price inflation.

26:24-33:45 how to take advantage of low interest rates;the plight of Obama and Obamacare;reasons the Fed wants to taper QE- not because they think the economy is getting better but because their balance sheet is growing too large; can the Fed find another buyer for the securities they are buying; student loan defaults; the plight of Gen Y and how QE causes it; how QE prevents creative destruction;the dollar as the world’s reserve currency and its implications-exporting inflation.

33:45-41:35 underwater homeowners and housing inventory and the impact on the housing market and prices; the downside of rising home prices;affordability of homes vs. stocks.

41:35-54:40 home buyer behavior when interest rates rise;the difference between the D.C. metro area housing market and the rest of the country;Obama’s complaint that the government has poor procurement procedures; healthcare.gov woes and the impact on the electorate and comparison to QE; the Fed blaming fiscal policy for the U.S. economic woes; impact of independents’ views on Obamacare on the next budget talks; Obamacare flaws and late night talk show jokes.

54:40 Credit tip of the week

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Further Reading:

Message to the Fed – Tapering IS Tightening

Five Long Years in the Fed’s Potemkin Village

Janet Yellin and the Precious Printing Press
Janet Yellen and Negative Interest Rates

Shop Amazon – Countdown to Black Friday Deals Week


Buy Gold and Silver

Please visit the Smaulgld Store for a larger selection of recommended Kindles, books, music, movies and other items.

Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM bullion ads on the site:

Buy Gold and Silver

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation