If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Sunday, November 7, 2010
Understanding the Federal Reserve is not easy given their convoluted, jargon-laden use of the English language. They have, however, improved since Alan Greenspan's tenure during which he took pride in confusing Congressional panels. It never seemed to bother him or Congress that he was mandated by law to explain the nation's monetary policy and, yet, publicly took pride in his ability to befuddle members of Congress.
Anyways...here is a link to the NPR "Planet Money" site (one of the very best resources for those interested in entertaining ways to learn economics) that parses the most recent Fed statement explaining the $600 billion quantitative easing policy. It uses a tool created by Slate's Jeremy Singer-Vine called "Plain English."