{"id":730,"date":"2014-10-28T06:23:07","date_gmt":"2014-10-28T10:23:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=730"},"modified":"2014-10-28T06:23:07","modified_gmt":"2014-10-28T10:23:07","slug":"us-federal-reserve-sowed-the-seeds-of-the-next-crash-with-quantitative-easing-abc-news-australian-broadcasting-corporation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=730","title":{"rendered":"US Federal Reserve sowed the seeds of the next crash with quantitative easing &#8211; ABC News (Australian Broadcasting Corporation)"},"content":{"rendered":"<p><a href=\"http:\/\/www.abc.net.au\/news\/2014-10-28\/us-federal-reserve-sowing-the-seeds-of-the-next-crash\/5848668\">US Federal Reserve sowed the seeds of the next crash with quantitative easing &#8211; ABC News (Australian Broadcasting Corporation)<\/a>.<\/p>\n<p class=\"first\" style=\"word-wrap: break-word; line-height: 1.3334; font-size: 1.25em; font-weight: bold; padding: 0px; margin: 0px 0px 1em 0px;\">The US Federal Reserve&#8217;s Open Market Committee meets again this week, and is widely expected to announce the end of its third round of money printing, dubbed &#8220;QE3&#8221;.<\/p>\n<p style=\"word-wrap: break-word; line-height: 1.3334; font-size: 1.25em; padding: 0px; margin: 0px 0px 1em 0px;\">Over nearly six years, the Fed has injected $3.6 trillion into the US economy through so-called quantitative easing, buying government bonds and other securities from American banks in an unprecedented stimulus program.<\/p>\n<p style=\"word-wrap: break-word; line-height: 1.3334; font-size: 1.25em; padding: 0px; margin: 0px 0px 1em 0px;\">In that time, the US economy has gone from the near collapse of its financial system and a 6.3 per cent annualised economic contraction in the December quarter of 2008, to a moderate, albeit fragile, recovery.<\/p>\n<p style=\"word-wrap: break-word; line-height: 1.3334; font-size: 1.25em; padding: 0px; margin: 0px 0px 1em 0px;\">Unemployment is below 6 per cent for the first time in six years, and the US economic growth rate has averaged 2.3 per cent since 2009.<\/p>\n<p style=\"word-wrap: break-word; line-height: 1.3334; font-size: 1.25em; padding: 0px; margin: 0px 0px 1em 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Federal Reserve sowed the seeds of the next crash with quantitative easing &#8211; ABC News (Australian Broadcasting Corporation). The US Federal Reserve&#8217;s Open Market Committee meets again this week, and is widely expected to announce the end of its third round of money printing, dubbed &#8220;QE3&#8221;. Over nearly six years, the Fed has injected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[150,173,303,305,661,662],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-economics","tag-collapse","tag-crash","tag-fed","tag-federal-reserve","tag-qe","tag-quantitative-easing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=730"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/730\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}