The latest talk on Wall Street is that the Federal Reserve, in coordination with the U.S. Treasury plans to “taper off” from their Quantitative Easing MBS derivatives purchases. But this chart tells the real story.: St. Louis Adjusted Monetary Base (AMBNS) Chart. Do you want the truth? The Fed is about as likely to successfully “taper off” of QE about as well as your local junkie is to “taper off” of crack cocaine.
David Roche: Another Crisis Coming, Worse Than the Last. (Thanks to M.E.W. for the link.)
B.B. sent this predictable news: Square Drops All Firearm and Ammunition Retailers. One good alternative: Platinum Payment System.
Items from The Economatrix:
What an Internet Sales Tax Will Cost You
New Rule Signals Kiss of Death for Pensions