FOMC Statement
Thursday June 25, 2009
Not to much to really say about the most recent FOMC statement.
The federal reserve continues to say the economy is bad, but not so bad that you should be worried. The fed will buy more treasuries and continue to try to stimulate things as much as possible. No rate hikes anytime in the near future (even though there should be).
I would have to wonder what the real story will be without interfearance from the fed. I wonder what the economy would be without interruption from the government at all. Every day it’s another new program designed to save the failed system. It’s hard to believe that these people work every day to just go in circles.
Times are changing and it’s time to stop protecting the status quo and move forward with new solutions. If these failures are to really be solved, the answer lies in scrapping the old system and starting over, not just protecting the already failed system.
The federal reserve continues to say the economy is bad, but not so bad that you should be worried. The fed will buy more treasuries and continue to try to stimulate things as much as possible. No rate hikes anytime in the near future (even though there should be).
I would have to wonder what the real story will be without interfearance from the fed. I wonder what the economy would be without interruption from the government at all. Every day it’s another new program designed to save the failed system. It’s hard to believe that these people work every day to just go in circles.
Times are changing and it’s time to stop protecting the status quo and move forward with new solutions. If these failures are to really be solved, the answer lies in scrapping the old system and starting over, not just protecting the already failed system.
Some months ago Mr. Paul Krugman (2009 Noble Price) said “I don`t know how to solve this crisis, I don’t know which are the sources of this”, maybe the FED Does not want to accept that they can`t control the economic world.
What do you think?