Posts by "daveo"

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40bn per month and longer-term Treasury securities at a pace of $45bn per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
http://www.telegraph.co.uk/finance/economics/10214947/Federal-Reserve-holds-rates-and-QE-the-full-text.html

who said u gettin too old for the job :-)

Yep, a lot of what Van Eeden sayin have to agree. I'm not so sure about his take that the US crisis has seen the bottom. Where Bernanke has done his job well in providing a window of opportunity for politicians to introduce long lasting solutions they have so far dismally failed.

equity release is not an option because most parents who have worked hard all their lives nurture the desire to leave something to their kids when they die.

yep, and many retirees have not retired, they are working on and bosses seem to prefer the experience of old timers against the young folk trying to enter the workplace--- very different attitude to the UK where older age in the workplace is discriminatory. Of course the oldies can't afford to retire :-)