A casual review, I should say.
Fed Officials Split Over End of Bond Buying
^ While I'm not a fan of the political leanings of the NY Times, it's a good article.
According to the Minutes, the floor of quantitiative easing is to continue. When that will end is hard to say, and will be judged on a very complex set of factors, I'm sure.
What does that say to folks like me, with a casual but vested interest in the future of America's economy? Slow growth due to a lack of risk-taking, but less risk of a new financial crisis. Of course, this is elementary to those in finance.
The big picture, in a nutshell. In my opinion, the economy is becoming reflective of greater society. That is, there is a sense of entitlement instead of a spirit of ambition. Growth and success should be a given, not something that needs to be worked for. Why else would we continue with this program, in the midst of the greatest debt ever known to man?
I hope that somwehere in the bowels of the Capitol building, there is someone who knows the end game.
^Melodrama is such a weak way to evoke a reaction
No comments:
Post a Comment