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MarketWatch: Possible Presidential contender Ron Paul slams Fed’s bond-buying program

By Robert Schroeder, MarketWatch

WASHINGTON (MarketWatch) — Outspoken Federal Reserve critic Rep. Ron Paul, R-Texas, slammed the central bank’s latest $600 billion bond-buying program on Wednesday, saying it and near-zero interest rates haven’t led to job creation in the United States.

“Over $4 trillion in bailout facilities and outright debt monetization, combined with interest rates near zero for over two years, have not and will not contribute to increased employment,” Paul said at a hearing of a House Financial Services subcommittee he heads.

(video below)

http://www.marketwatch.co...




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Bond Market to Fed: Your QE2 Logic Was Wrong

This chart of 5-yr Treasury yields is a companion to the Vix/S&P 500 chart in my previous post. It illustrates the market's amazing reaction to the Fed's QE2 program, which was first implemented in early November. Contrary to what the Fed thought—that QE2 purchases of Treasuries would depress interest rates and thus help stimulate the economy—the beginning of QE2 marked the exact bottom for 5-yr Treasury yields, which are center-mass for the bond purchase program. It wasn't supposed to happen that way—Fed purchases were supposed to keep rates from rising, not make them rise. And since the end of January, yields have risen almost 40 bps, as better economic news has caused investors to move forward their expectations for an end to the Fed's quantitative easing efforts, and to move forward their expectations for a beginning to an eventual Fed tightening.

http://seekingalpha.com/article/251310-bond-market-to-fed-yo...

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omg did they really just call

omg did they really just call him 'the bernank' at the end? thats too priceless!
SGS bears' lingo is spreading!

How true

Ron is. Spot on as usual. One can only wish to be close to how accurate he is.

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

Video here

Embedded vid in main post

Embedded vid in main post

Follow me on Twitter for breaking news from a libertarian perspective

www.twitter.com/AbolishTheFed

Thanks--fixed the link for

Thanks--fixed the link for video

Follow me on Twitter for breaking news from a libertarian perspective

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bump

Thanks Bobby.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Nice piece and vid

Nice piece and vid

Follow me on Twitter for breaking news from a libertarian perspective

www.twitter.com/AbolishTheFed

posting this on Twitter

I have 265 followers already!
Hard work pays off.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Yeah--i saw that this morning

265 already--very fast.

I have 1,200 but get only a few followers each day.

Follow me on Twitter for breaking news from a libertarian perspective

www.twitter.com/AbolishTheFed

but I have to follow many each day so they follow back

it might drop off -- the pace.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15