“On December 12, 2012, the Federal Reserve expanded QE3 (Quantitative Easing) to begin monetizing U.S. Treasuries, once again.  This renewed monetization of Treasury debt likely will become perpetually expansive, providing unlimited liquidity to a system that already is dependent on, and addicted to the Fed’s stimulants.  With no economic recovery in place or pending, and … Continue reading Interpreting the Fed’s Actions