Detail from Government. Mural by Elihu Vedder. Lobby to Main Reading Room, Library of Congress Thomas Jefferson Building, Washington, D.C. Main figure is seated atop a pedestal saying "GOVERNMENT" and holding a tablet saying "A GOVERNMENT / OF THE PEOPLE / BY THE PEOPLE / FOR THE PEOPLE". Artist's signature is "ELIHU VEDDER / ROMA–1896".
(Photo credit: Wikipedia)
By Stella Dawson – The amount of money thrown at rescuing the world economy since the Great Recession began is truly staggering, probably more than $14 trillion, and the financial spigots are still open.
Major central banks haven’t finished pumping money into the global economy either.
The Federal Reserve meets on Tuesday and Wednesday and the Bank of Japan meets on Friday, and their bias toward monetary easing through bond purchases is likely to remain firmly in place. Japan may even ease again to counter deflationary pressures.
But can all this money restore growth to robust levels anytime soon? more> http://is.gd/V6OCDa
Related articles
- Watch out! Is the Fed pushing us into another bubble? (finance.fortune.cnn.com)
- Household debt and the Bank of Canada’s anxiety levels – in a graph (macleans.ca)
- Capitalism is Dead and Creditism Killed it (wealthwire.com)
- Central Bankers Fear Long Term Price of Short Term Fix (blogs.the-american-interest.com)
- Bank of Japan’s Shirakawa stresses commitment to powerful easing (news.yahoo.com)
- IMF presses Europe to contain debt crisis (vancouversun.com)
- The War For The BOJ’s Balance Sheet Gets Real (zerohedge.com)
- ‘Frontline’ Blames Bankers, Lawmakers for Crisis: Review, Greg Evans, Bloomberg
