There will be no sustainable energy in a unsustainable economy..."The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury," Boston-based Fuss said. "Do you really want to buy the debt of the biggest issuer?"
Reuters - A string of Federal Reserve officials on
Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, by buying $100 billion a month in in federal bonds."If we're going to pursue another round of quantitative easing, it has to be a large enough number to make a difference," Lockhart said in an interview on CNBC television.
"As a monthly number ($100 billion) is fairly consistent with what we did before, and so I think it would certainly be in the range of numbers one might consider ... but if you were talking about $100 billion as simply the overall program, I think that's too small," he said.
The hints of forthcoming stimulus were not enough to soothe U.S. stocks, which were down sharply on the day after an interest rate hike in China sparked concerns about the outlook for global growth. Read full at Reuters
