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Thread: Bernanke: Fed would supply more stimulus if needed

  1. #11
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    Re: Bernanke: Fed would supply more stimulus if needed

    it's Bernyankme and this fool should be tossed along with this federal reserve.

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    Re: Bernanke: Fed would supply more stimulus if needed

    At this time, I believe another round of QE would not be helpful. The last round had only little macroeconomic effect. Instead, its principal impact was a growing distortion of equities prices. Until the end of QE3 had drawn closer, equities prices were showing early signs of decoupling with economic fundamentals. Another round would very likely further distort asset prices and also undermine the value of the U.S. dollar. Worse, it could send a signal that the U.S. is using a backdoor mechanism to reduce its debt burden via inflation, not sound policy choices.

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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Lord Tammerlain View Post
    The you are rather short sighted, and lack a historical knowledge of countries engaging in currency debasement and why they do it. It is politically easier to do so then to allow for a massive economic crisis, where the entire economy colllapses quickly.

    See 1920's Germany
    Turkey in the 80s
    Mexico,
    Italy
    all in the 80s with the same sort of reactions to economic issues. I doubt Turkey's military leaders during that time frame wanted to destroy Turkey (being nationalists after all) but saw the debasement of the currency as the best course of action
    Quote Originally Posted by Grant View Post
    Actually I am aware of those past crises, as the Obama Administration should be. Why should I bother mentioning them?

    It only makes my point that when governments irrationally follow failed policies of the past, further failure is like to follow.

    That is happening now and there can be no justification for it, other than it being quite deliberate.
    I'm curious...

    Of the countries Lord Tammerlain mentions, which if any have emerged on a stronger financial footing since their devaluation from the 80's including Germany since 1920?

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    Re: Bernanke: Fed would supply more stimulus if needed

    i'm not a fan of Bernanke's strategy of printing money. the last thing the country needs is the inflation that it causes.

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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Polotick View Post
    I think you are underestimating the power of ignorance.
    Would that be the politicians or the people who vote these philosopher kings into office?

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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Lord Tammerlain View Post
    The justification is that they believe the alternative is even worse, which it could very well be
    And which it might not be. It becomes a matter of belief, at which time we should immediately ask ourselves whether we can trust the word of a politician. Especially one who also happens to be a serial liar.

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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Redress View Post
    Why do people still make that idiotic 278k per job claim?
    Perhaps they are looking at the money being spent on the stimulus plan and the number of people who found permanent work as a result. In fact the unemployment figures have risen so that 278k per job might be optimistic.

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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Objective Voice View Post
    I'm curious...

    Of the countries Lord Tammerlain mentions, which if any have emerged on a stronger financial footing since their devaluation from the 80's including Germany since 1920?
    Turkey has. It is doing quite well ecomomically at the moment. It does have too high a current account deficit, which will lead to some issues. But it is developing a strong manufacturing base and is one of the world leaders in taking on large construction projects in other countries. Of course its growth was not due to the devaluations, but instituting better economic policies mostly since the AKP has been elected.


    Now on the flip side

    How about a list of all the countries that an amount equal to 10% of GDP from government spending in just a couple of years, and how have they done, or the list of countries that defaulted on their debts (Russia, Argentina)
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: Bernanke: Fed would supply more stimulus if needed

    Quote Originally Posted by Grant View Post
    And which it might not be. It becomes a matter of belief, at which time we should immediately ask ourselves whether we can trust the word of a politician. Especially one who also happens to be a serial liar.
    Obama doesnt know, neither would GWB, it would be impossible to "know" unless they took the action. What you can do is look at history and see what has happened under similar conditions and what policies were undertaken at those times. Bernanke is supposed to be an expert on the Great Depression, and it has been his policy that he would drop money from helicopters to prevent deflation ( nickname helicopter ben)

    I was telling people the US would go this route in 2006 for the exact reasons it has. Bernanke wants to prevent deflation at all costs, and as long as he is fed chairman, he will do what he can because he views deflation as being far more negative then the inflation his policies are creating
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    Re: Bernanke: Fed would supply more stimulus if needed

    The man better expect torches and pitchforks following him around if he seriously contemplates blowing yet more money down the Federal toilet a la "more stimulus".
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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