You didn’t think the Fed was serious when they said they might consider (at some undetermined time in the near – or distant – future) possibly tapering QE? Because. . . They weren’t. Also: Dan Epstein, with Cause of Action, joined the program to discuss the broken promise of government transparency.
Give the Ransom Notes Listener Line a call at 202-681-1732 or send us an email at firstname.lastname@example.org.
The Big Three:
All the talk of a bubble somewhere in the market (Although. . . No one knows where.) Well, the single best Woman at Bloomberg news, shared with us her single best chart:
Mike McKee with Bloomberg tells us all about the good news that’s bad news but could be interpreted as bad, or maybe good news:
Fed Tapering? Yeah, most likely not. . . Federal Reserve Bank of New York President William C. Dudley said in prepared remarks that the central bank may increase its asset-purchase program if the U.S. economy fails to perform up to Fed forecasts. Alasdair MacLeod, head of research at GoldMoney Foundation, says we should have known this all along:
Powerful or Pitiful?
I feel like this is a great use of tax dollars. (I wonder if the Mayans were OK with gay marriage?)
Right. . . Just like “you can keep your health insurance if you want to. . .”
Not a huge surprise. (But the question remains: How will they scan your child’s retinas?)
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino