09/15/10 Stockholm, Sweden – A recent report from Goldman Sachs indicates the Federal Reserve may be launching a brand new asset-purchase program in November in a desperate attempt to revive the still faltering economy. This despite widespread recognition the stimulus and bailouts to date have failed to show any long-term boost.
With dollars being thrown around in copious amounts the old greenback is bound to weaken, a victim of the kind of oversupply only still more stimulus could make possible… at least it makes for another satisfied, if federally-dependent, customer.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
such programs are bound to falter, it won’t help anyway