The Fed Speaks, Doesn’t Do Much: It’s Out of Ammo, Says Bob Brusca – Yahoo   “It helps in a very marginal way. Interest rates are at record lows. And it doesn’t seem to me that low interest rates are what is broken. What’s broken is the ability to access those rates. Credit is being rationed by banks.”

The Scary Take on Ben Bernanke’s Remarks – Washington Post   “To put it another way, a scary interpretation of Bernanke’s position is that he doesn’t believe the Fed could do much more to help the economy, but he doesn’t want the market to know that, and so he keeps not doing more but telling the markets he could do more if he wanted to.”

Monetary & Fiscal Policies of the Last 4 Years Have Failed: Jim Rogers – Yahoo   “A free marketeer to the bone, Rogers is horrified by the inflationary implications of endlessly debasing our currency. Whether or not inflation exists it’s impossible to dispute the root of Rogers’ main beef. ‘None of this has worked… for four years all of the policies that they’ve been trying have failed. Why would somebody try to do the same old thing when the policy keeps failing?’”

Half of Current Workers Won’t Be Able to Retire at 65 – Atlantic/Yahoo   “The new figures come out of BC’s Center for Retirement Research, and are summed up in the graph below. Only about 48 percent of current working households will be ready for to pack it in and enjoy their golden years by the traditional retirement age of 65. But thanks in part to the premium Social Security recipients get from delaying their benefits, 86 percent of households will be prepared by 70.”

Be Sociable, Share!

•