Bernanke solves the wrong deficit

Our Future Blog
by Eric Lotke

10/19/09

Federal Reserve chairman Ben Bernanke recognized today that America’s trade deficit played a central role in the global economic crisis. Then after he recognized the problem, he went on to solve a different one. Start with the real problem, America’s trade deficit. America is spending more than it earns, and buying more than it’s selling. Our trade deficit in 2008 was $706 billion. We know we’re addicted to oil. We’re also addicted to cheap stuff imported from China (made cheap by devalued currency and near-zero workplace or environmental protections). America’s problem is a huge efflux of dollars, as our wealth departs for foreign lands...

//tinyurl.com/yz2lhbz



Bernanke housing gamble may bring pressure to extend Fed aid
Bloomberg

11/03/09

Federal Reserve Chairman Ben S. Bernanke is gambling that come March, he can stop the purchases of mortgage-backed securities that have propped up the U.S. housing market. Congress may have other ideas. The central bank says it must eventually withdraw its unprecedented economic stimulus to avoid a surge of inflation as a recovery takes hold. Plans to buy $1.25 trillion of housing debt are the centerpiece of its program to pull the nation out of the worst recession since the 1930s. Bernanke, who convenes a meeting of the Federal Open Market Committee today, is counting on private investors to fill the void left by the Fed when its purchases end. If he’s wrong, he may come under pressure from politicians to maintain support for housing or even extend credit programs for small businesses and consumers...

//tinyurl.com/yhva4x5


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=economic+crisis
//freepage.twoday.net/search?q=trade+deficit
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=recovery
//freepage.twoday.net/search?q=Bernanke
//freepage.twoday.net/search?q=Federal+Reserve
//freepage.twoday.net/search?q=deficit
//freepage.twoday.net/search?q=addicted+to+oil
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=Eric+Lotke

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party...
https://truthout.org/artic les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says...
https://truthout.org/artic les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41

Archiv

Oktober 2009
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 

Status

Online seit 6246 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren