The Fed Begins Its Economic Stimulus Exit Strategy

The Fed chose to bump up the so-called "discount" lending rate by one-quarter point to 0.75 percent. It takes effect today. The Fed has begun to exit the emergency stimulus exit strategy.

Meanwhile, the Labor Department said Thursday that first-time claims for unemployment benefits rose by 31,000 to a seasonally adjusted 473,000.

There was more bad news on the price inflation front, with reports showing that the price of manufactured goods rose at a faster than expected rate of 1.4%, following a previous 0.04% increase in December.

Unfortunately, the national debt continues to rise, and deficit spending continues.  America's economic problems continue and there is no real end in sight. The economy is moving into an era of stagflation.

Read about the future direction of the American economy and how to invest in Investing For An Era Of Stagflation

Also, this week in eWorldvu.com read about the lack of coverage by the American media on the unravelling of the scientific basis behind man-made global warming: American Media Ignores Man-Made Global Warming Scam

Finally, the Swine Flu pandemic continues to be a non-event despite all the expense, publicity and media hype of just a few months ago.  Read:  World Health Organization Cries Wolf Over Swine Flu

http://www.eworldvu.com