In Progress
WSJ Links
Section D (Arena):
Section M (Mansion): never read
Section C (Money & Investing):
- Gas futures set 2013 high; no link; story everywhere
- Michigan says battery maker can't transfer tax credit; Michigan won't allow A123 Systems to transfer more than $125 million in state tax credits to its new owner, a Chinese company. I hope that's not a surprise for the Chinese. But something tells me that's not the case. Snookered.
- Op-ed: jumping the sequester; jumping the shark; White House overplayed its hand when it closed America's house to Americans; not going to go over well; something tells me Michelle will miss all the attention; will find money somewhere in the budget; of course, less tourists, less folks trampling all over her garden
- Op-ed: busted for browsing; I know what the WSJ is trying to say, but their argument suggests the author has never tried to install a "new" or "different" browser on an old PC with an old operating system.
Miscellaneous Links Throughout The Day
Reuters is reporting:
The Federal Reserve is considering jettisoning a plan to eventually sell off the massive haul of bonds it is now buying, a politically defensive strategy that would have the added benefit of supporting the economy for years to come.
In what would be a revision of their blueprint for the eventual tightening of monetary policy, Fed officials have said they could simply allow the trillions of dollars in securities they have bought through three rounds of quantitative easing to mature.
Fed Chairman Ben Bernanke and other officials have said a decision not to sell the mortgage and Treasury bonds would only add about a year to the process of returning the central bank's balance sheet to a more normal size of around $1 trillion, probably around 2020. It is worth some $3 trillion now, and could swell to near $4 trillion by year end.The Fed's response to the bull market: we like what we see.
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