Feds Will Sue Standard and Poors

Second, many of us are skeptical of the government’s motives in this case. You may recall that S&P was the first agency to downgrade the rating on U.S. government debt (from AAA to AA+). The announcement of the downgrade was August 5, 2011. It only makes sense to wait until after the election to file this lawsuit. Continue Reading →

Operation Twist: The Fed’s QE3

The Fed is doing everything they can. But monetary policy really is like pushing on a string. Without demand pulling at the other end of the string, it won’t move much. Neither will the economy. Continue Reading →