Fed Ends QE

November 1st, 2014
by Stephen Lendman On October 29, A Federal Reserve press release said in part: The Open Market Committee (FOMC) "decided to conclude its (QE) asset purchase program this month." It's "maintaining its existing policy of reinvesting principal payments… more »

Yellen's Fed Assures Business As Usual

October 12th, 2013
by Stephen Lendman On Wednesday, Obama nominated Janet Yellen as Fed chair. She's currently vice chairwoman. Senate confirmation is certain. It's rubber-stamp. She'll succeed Ben Bernanke. On January 31, his second four-year term ends. In its hundred… more »

Why Stocks Have Risen: Stimulus, Stimulus, and Indefinite-Stimulus, i.e., Transfer of Wealth from Main Street to Wall Street

May 24th, 2013
by chycho Since bottoming out at an intra-day low of 6,467 on March 6, 2009, the Dow Jones Industrial Average (DOW) has risen to 15,295 as of May 23, 2013 - a gain of approximately 130% in just over 4 years. The S&P 500 has shown similar results,… more »

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