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FRONTLINE critiques the Fed for showering big banks, big business and Wall Street with easy money, which reached neither the real economy nor the vast majority of Americans. Yes to the latter, but no-no-no-no to the former. ----SEE EPISODE 92----- Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL
----HEAR EPISODE 92---- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr
----EP. 92 TOPICS-------- 00:00:10 Frontline: the Fed is pumping billions of dollars into the financial system. 00:01:46 Frontline: the Fed is powerful and misunderstood. 00:04:58 Frontline: speculators crashed the system and the Fed rescued it. 00:12:24 Frontline: the Fed came up with the idea of quantitative easing. 00:14:38 Frontline: QE's purpose was to lower interest rates. 00:18:14 Frontline: QE was to increase credit to the economy. 00:20:33 Frontline: QE was a new experiment because Fed officials said it was. 00:23:48 Frontline: QE flooded the economy with easy money. 00:26:40 Frontline: QE powered the stock market. 00:33:40 Frontline: QE disconnected stocks from the real economy. 00:35:42 Frontline: QE didn't fix the economy because banks didn't allow it. 00:40:50 Frontline: QE2 was necessary because the Tea Party hobbled Congress. 00:47:10 Frontline: QE caused inequality because money went to banks. 00:59:33 Frontline: Wall St. was so addicted to QE it had a taper tantrum in 2013. 01:03:19 Frontline: QE helped the rich. KASHKARI: We were helping the people. 01:10:17 Frontline: QE gave easy money to corporates who used it to buy back company stock. 01:17:51 Frontline: Shadow banks gorged on easy money, increasing system fragility. 01:22:31 Frontline: In 2020 the Fed saved the world from a true depression. 01:26:01 Frontline: The Fed saved risky parts of the financial system, like junk bonds. 01:30:56 Concluding thoughts on the Frontline episode, central banking and the media.
----EP. 92 REFERENCES---- FRONTLINE The Power of the Fed: https://youtu.be/9RbL8lTsITY The Power of the Fed (transcript) : https://to.pbs.org/3zC3HBn Alhambra Investments Blog: https://bit.ly/2VIC2wWlin RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO----------- Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "Electro Animal" by Oh the City from Epidemic Sound. |