So this right over here, that is

That's normally what the fed is concerned about.

Let's keep reading

'credit easing' resembles quantitative easing in one respect.

I'll prescribe some prednisone.

But what the federal reserve is saying, in traditional quantitative easing, all the central bank cares about is printing this money and getting it out there into circulation, and they don't really care what they're using this money for.

Now, I believe that one really amazing thing will happen if you do this.

Let's keep reading what the fed is saying.

Indeed, although the bank of Japan's policy approach during the quantitative easing period was quite multifaceted, the overall stance of its policy was gauged primarily in terms of its target for bank reserves.

So if we ignore that negative effect, we make the whole problem strictly easier.

The supply demand balance is relaxing.

We made it easy I'll tell you how in a moment.

The white dots are comparisons, nothing changed.

So this is shortly after a lot of the craziness of the financial crisis was happening but it was still going on.

Well, if that's the problem, then that's much easier.

So, just to parse the statement, when he says, credit easing resembles quantitative easing in one respect it involves an expansion of the central bank's balance sheet.

So here you've got your answer.

When Al Gore was Vice President, his team had an idea for deregulating a significant portion of the telecommunications industry.

And he's saying, Our approach, which could be described as

So if I understood the chemistry of trustworthiness,

Well let's say, 2005, in our imaginary universe was the peak of the credit cycle.

Flexible work arrangements are for men and women.

Frictions between Japan and the U.S. are easing up for a change.

It turns out that new media isn't necessarily helping us all that much.

Notes outstanding is the other side of the balance sheet.

They're splitting the cost of installing these green roofs with home and building owners.

What did we just do for you. That's lithium dioxide.

Turns out, the monkeys play it safe too.

Sort of like doing dialysis, but for relieving the parasite load.

Neurolinguistic programming.

Crossing out parts of the rules like this is called generating a relaxed problem.

Its the pressure in the blood that is actually causing the vessels to balloon out.

Loose

Come, away from these primitive functions.

Gas is a little cheaper with self service, now that deregulation is kicking in.

The President's speech was calculated to ease world tensions.

Credit relaxation is considered necessary to shore up business.

So the blue dots are selected randomly.

I come to you with a modest proposal for easing the financial burden.

They were actually attacking them.

For the last 8 years,

But perhaps the most important thing is good algorithm design.

Have you heard about our new Peace Ambassador Program?

So in order to fix that credit easing, in Bernanke's sense, would be to go out and buy this type of asset.

That has very unfortunate Orwellian implications for some sort of surveillance state.