Now We've Done It

In case you didn't know yesterday the FED is announced that it would start to buy billions of dollars of our own debt, it's called "quantitative easing."
This is from the Wall Street Journal: The Federal Reserve, in a dramatic effort to rev up a "disappointingly slow" economic recovery, said it will buy $600 billion of U.S. government bonds over the next eight months to drive down interest rates and encourage more borrowing and growth.

Many outside the Fed, and some inside, see the move as a 'Hail Mary' pass by Fed Chairman Ben Bernanke. He embraced highly unconventional policies during the financial crisis to ward off a financial-system collapse. But a year and a half later, he confronts an economy hobbled by high unemployment, a gridlocked political system and the threat of a Japan-like period of deflation, or a debilitating fall in consumer prices.

Full Article Here: http://online.wsj.com/article/SB10001424052748703506904575592471354774194.html?mod=WSJ_hp_LEADNewsCollection


Another good article about it is at The Blaze: http://www.theblaze.com/stories/the-feds-big-gamble-heres-what-could-go-wrong/


So what are the headlines today?
Oil hits six-month peaks on falling dollar, Fed move
http://www.breitbart.com/article.php?id=CNG.8ae3f888847f9e99244653ecde440932.3f1&show_article=1


Stock futures up sharply after Fed meeting
Stock futures point to gains despite bigger than expected jump in jobless claims
http://finance.yahoo.com/news/Stock-futures-up-sharply-apf-3673030832.html?x=0


U.S. dollar printing is huge risk -China c.bank adviser
Nov 4 (Reuters) - Unbridled printing of dollars is the biggest risk to the global economy, an adviser to the Chinese central bank said in comments published on Thursday, a day after the Federal Reserve unveiled a new round of monetary easing
http://www.reuters.com/article/idUSTOE6A301Q20101104


Germany Concerned About US Stimulus Moves
http://www.cnbc.com/id/39968918


'We're Greece' in a Few Years: Sen. Gregg
http://www.cnbc.com/id/39983968


Oh and by the way Gold is up $26 dollars today

END THE FED

Laugh Or Cry?

God Help us. Here we have the difference between the people that went to the Glenn Beck Rally and the morons that went to the Stewart/Colbert rally. Its on display everywhere people.


Stewart/Colbert Rally-Goers: Obama Is Not a Keynesian, He’s an American!