Pat Shuff

The Fed: Sending Investors to the Slaughter?

Economists, Market Analysts Reach 2010 Waffles-R-Us Outlook Consensus

The Joint Overheated Waffle Iron Survey predicts the
same Fahreheit 451 the survey results have been pegged
at since first gathered in the Kennedy Administration,
resulting in the building code requirement of hard-wired
smoke alarms in all new construction. They recommended
remote monitoring of all new and existing alarms be
consolidated at the Federal Reserve along with all things
regulatory, aside from their morning constitutional or
anything constitutional.

In testimony before Congress, Chairman
Barney "Brutally" Frank tabled the proposal, displaying
more interest in the brutality than the frankness upon
upon which the TV Parental Guidelines Council promptly
and finally jerked C-Span's general audience rating
after years of complaints from any mature, thinking adult
of the need to shield their eyes from that network.

Investors examining the Waffle Iron report and stymied
by years of the casino lobby failing to enact meaningful
online gaming reform, perennially outbid by the deeper
pocketed financial services sector, placed their bets
on red, black or aiming in the general Direxion of the
bull's eye, double-00 and triple-000 lever actioned,
double-barrelled rushin' roulette figuring that with most of
the buck shot hitting home, what with The Family moving
back in, everyone must still be Fed.


www.kids-safety-klub.c...

How The Federal Reserve Is Monetizing Debt

Richard Werner said...
I believe I am the originator of the phrase 'Quantitative easing'. The original Japanese expression is 'ryoteki kinyu kanwa' or 'ryoteki kanwa' for short. Both are, literally translated, 'quantitative easing'.

wanted to avoid expressions such as the figurative 'printing money' and the common 'expanding the money supply', not only because they would unnecessarily alarm Japanese lay readers, but also because these are traditional monetarist prescriptions, which I argued would not work (as the monetarists argued for an expansion of bank reserves). At the time I was chief economist at Jardine Fleming Securities (Asia) Ltd. and Assistant Professor at Tokyo's Sophia University and known as the BoJ's fiercest critic. The Bank of Japan adopted my expression in 2001 as its official policy. The BoJ used exactly my Japanese phrase, and in its English-language press statement literally translated it.

nihoncassandra.blogspo...

There is a certain anodine perfection to the phrase, quantitative easing, unlike anything else in the entire rather utilitarian financial or economic lexicon. It sounds wonderful, functionally-useful tonic, though certainly not dangerous or hazardous to our well-being. Yet it remains sufficiently innocuous so as to escape scrutiny and with it, the associated public examination that prying eyes bear. It is entirely Madison Avenue rather than inflated Goebbels-like propaganda or overly-wooden Soviet or Pyongyang slogans.

nihoncassandra.blogspo...

The Swiss chose 'forceful relaxing' instead of queasing for their printing announcement, same pleasant, sedative connotations. Mr. Dollar go see our euthanasia specialist Kevorkian in Room 101 and just relax, it won't hurt at all.

David Kotok on Clunker-nomics

To make an omelet you have to crush a few clunkers,
break a few windows so to speak. This differs from vandalism in that it is the audacity of hope in action.
Audacious, yes. Hopeful, no. See Bastiat, Robespierre.

online.barrons.com/art...