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Thread: Fed Announces New Round of Bond Buying to Spur Growth

  1. #41
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    You are correct about the control of oil prices but the people who own us have influences. For example, we won't push to end your loopholes if you don't get lost in the pricing moment. Gas prices can be affected by refinery output for example.

    $40-billion is just chump change to Dear Leaders and won't have an immediate inflationary impact (I think, not know). Long term, well, so far it seems that you can flood the world wit dollars and then purportedly you don't get an inflationary result. Why is that? Maybe because the overall negatives of the economy keep prices moderated. From the first money printing approach started by Bush and embraced by Obusha, trillions have been created and the dollar should be worthless. But the money goes inevitably to very few people and lurks in private accounts. If that money ever got out to the gen-pop, a cup of coffee would be $5.00.

    I don't think it's just the China-robot problem. America manufactures big ticket items like planes and cars and these are perfect candidates for automated procedures.





    Quote Originally Posted by pdog View Post
    Can't say I agree with your last paragraph since the neither of those branches have much control over pump prices beyond the taxes.

    I've also seen others here make the argument that you can look at china as a gigantic, do-all robot, and economically it is hardly different, so outsourcing IS automation by some accounts. But in any case, you are right, and that will remain a long term problem. Even in suggesting public employment now, I realize the economy eventually must be healthy enough to offload that workforce back to the private sector.

    100% agree with education as a long term solution. It doesn't matter if our competitors are stealing our stuff, as long as they're ALWAYS stealing our stuff in an effort to keep up .

  2. #42
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by j-mac View Post
    We have seen this fail before...Frankly I am surprised that I even have to post this...
    Dont take this the wrong way J Mac

    But you are posting using Global Research?, that is truely a suprise given it general leanings
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Hicup View Post
    Yep, you can bet on it, in fact I'll bet anyone here that gas prices will be at or darn close to $5.50 by November. At least mortgage rates will stay low, and we ALL know that this is a good thing for the economy..





    Tim-
    ok Tim, what's the amount you are willing to wage that effective 11/01/12 average gas price will be no less than $5.50 per gallon? how about we wager the cost of 10 gallons as of 11/01/12 (using that average USA price per gallon of unleaded regular); you can select the cite that will establish the benchmark price
    if i win, make the funds payable to this forum before 12/01/12
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  4. #44
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by tessaesque View Post
    Looking at adjusted GDP numbers and explanations, it seems unlikely that the growth was attributable to the stimulus.

    Saved/gained millions of jobs is speculative, at best.
    Interesting. 85% of economists surveyed by the University of Chicago concluded that the stimulus did indeed work.

    http://www.washingtonpost.com/busine...jJV_story.html
    Did the stimulus work? A review of the nine best studies on the subject - The Washington Post
    Economists agree: Stimulus created nearly 3 million jobs - USATODAY.com
    Poll Results | IGM Forum

    Now, perhaps you also have a PhD in economics and have a few of your PhD buddies that have a contrary opinion, but barring that, I'm inclined to go with the conclusions of the UChicago panel over your "looking at the adjusted GDP numbers"...

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    Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by upsideguy View Post
    Interesting. 85% of economists surveyed by the University of Chicago concluded that the stimulus did indeed work.

    http://www.washingtonpost.com/busine...jJV_story.html
    Did the stimulus work? A review of the nine best studies on the subject - The Washington Post
    Economists agree: Stimulus created nearly 3 million jobs - USATODAY.com
    Poll Results | IGM Forum

    Now, perhaps you also have a PhD in economics and have a few of your PhD buddies that have a contrary opinion, but barring that, I'm inclined to go with the conclusions of the UChicago panel over your "looking at the adjusted GDP numbers"...
    Those the same economists who stuck theirs heads in the sand whe the housing bubble was inflating?

    http://www.economist.com/node/4079027
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Aberration View Post
    Those the same economists who stuck theirs heads in the sand whe the housing bubble was inflating?

    The global housing boom: In come the waves | The Economist
    I'm not exactly sure what your point is here. Certainly each of the economists polled were economists as the housing bubble blew up. You can do you own research as to whether any of these economists had their "head in the sand" Since none were specifically named in the attached article you have no bias to suggest one way or another.

    I do not see how its germane to whether the stimulus worked but rather its nothing but a head fake from the issue on hand.

    The Economist article, of course, well articulated the bubble was expanding and warned of the consequences of the burst.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by upsideguy View Post
    I'm not exactly sure what your point is here. Certainly each of the economists polled were economists as the housing bubble blew up. You can do you own research as to whether any of these economists had their "head in the sand" Since none were specifically named in the attached article you have no bias to suggest one way or another.

    I do not see how its germane to whether the stimulus worked but rather its nothing but a head fake from the issue on hand.

    The Economist article, of course, well articulated the bubble was expanding and warned of the consequences of the burst.
    My point was to highlight the credibility of such 'economists'.
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Lord Tammerlain View Post
    Dont take this the wrong way J Mac

    But you are posting using Global Research?, that is truely a suprise given it general leanings

    I know right? Given the propensity today for the source to be attacked and the information to be just dismissed (I too am guilty of this) it works out for me doesn't it?

    Look, as little as I know about economics, one thing I do know is that we are buying our own debt, and printing money to do it, devaluing the money supply. And as far as I understand this makes the price of goods, and services higher, and artificially boosts the stock market with fiat money. People who can least afford this see their dollar worth less, and less.

    Not to mention that this latest round was reported to be buying Mortgage backed securities, so I guess now the Fed will be taking our property rights as well....Wonderful.
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by upsideguy View Post
    Interesting. 85% of economists surveyed by the University of Chicago concluded that the stimulus did indeed work.
    it certainly helped. it helped me, as well; i was able to afford COBRA after i lost my job in '09.

    my criticism is that it wasn't big enough. it should have included a temporary resuscitation of the WPA. however, that would require tax rates closer to what they were the first time the WPA was up and running, and the chances of that passing congress were exactly zero. it was as big as they could get it; it just wasn't big enough.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Helix View Post
    it certainly helped. it helped me, as well; i was able to afford COBRA after i lost my job in '09.
    my criticism is that it wasn't big enough. it should have included a temporary resuscitation of the WPA. however, that would require tax rates closer to what they were the first time the WPA was up and running, and the chances of that passing congress were exactly zero. it was as big as they could get it; it just wasn't big enough.
    I agree with the assessment that it wasn;t big enough.

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