Jim Puplava's Big Picture: Don't Fight The Fed
Also on the Big Picture: Beating The Banks (Part 3)
In this segment of the Big Picture, Jim begins with “Don’t Fight the Fed”, and discusses the recent decision by the Fed to move to “open-ended” Quantitative Easing, spending $40 billion a month buying mortgage-backed securities, indefinitely. He will discuss the investor implications of this decision, and how fighting the Fed’s actions is usually not a good strategy. In “Beating The Banks (part 3)” Jim looks at how to deploy your money more efficiently, and to not let the banks take advantage of you with interest rate spreads while your money earns next to nothing.