Business news without the bullshit

"The biggest threat to our national security
is that we're bankrupt"

Lauren Lyster and Karl Denninger

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The Federal Open Market Committee did not announce anything new in its statement following its two day meeting: the Federal Reserve will maintain existing programs of QE3 and Operation twist, and it will keep interest rates at record lows until at least mid-2015. We ask our guests, Mike Norman and Karl Denninger, if the Fed is trying to inflate its way out of debt while perpetuating the US's fiscal imbalances.

Here's some classic Mike Norman from 2007