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“One Nation Under Debt…”

The Fed reported today. It went as expected. Despite the IMF’s warning that the US is getting into a deep debt that will prove very difficult to get out of, Mr. Bernanke and company will continue to buy US Treasures…

US Digging Its Own Grave, Says Einhorn

Governments, like the US, won’t be able to afford their debt payments at higher interest rates…

Gold Eyes $1,300 on QE2 Talk

When it comes to gold, skepticism rules. Here it is, once again, the voice of conventional wisdom from Britain’s Telegraph: “Once we’ve settled down a bit, I think further gains from here towards $1,300 are going to be tough.” There you have it. Is there anything that Bernanke said yesterday that

India: Another Trillion Might Not Help

The Fed is standing pat, and the Economic Times of India wanders if part of the reason is that they’re not convinced that another $1 trillion-buying spree of long-term Treasuries and mortgage-related bonds would substantially help.

How Bad Is It? Fed Finds Balanced Answer

The Fed, if nothing else, is media savvy. It may not know how to fix the economy. But it knows what to say…