Zombie allusions: They just keep on coming-"creating lemon socialism" and "operat[ing] an open bar for the fiscal drunks in Washington"

http://www.foxbusiness.com/economy/2012/12/13/federal-reserve-zombie-economy/

The Federal Reserve's Zombie Economy

By Elizabeth MacDonald

Deutsche Bank is out with a new warning that says the Federal Reserve’s latest round of an estimated $1.02 trillion in total annual purchases of U.S. Treasuries and mortgage-backed securities is creating lemon socialism, a U.S. economy filled with the financially undead.

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“The Fed continues to operate an open bar for the fiscal drunks in Washington,” says economist Ed Yardeni.  

This is the heavy flip side to all the cheering about Fed intervention and the federal government’s AWOL "balanced" approach to the budget.

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Give bailouts to zombie companies and zombie consumers to start spending money again by making money really cheap. The financially undead who can only just barely pay their fixed operating expenses and interest costs only on their debts (and not reduce principal).

Read more: http://www.foxbusiness.com/economy/2012/12/13/federal-reserve-zombie-economy/#ixzz2ExWMuguh