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

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    Fed Announces New Round of Bond Buying to Spur Growth

    WASHINGTON — The Federal Reserve launched a new campaign to stimulate the economy Thursday that it said would continue until its help was no longer needed or its efforts became counterproductive, opening a fresh chapter in its five-year-old response to the financial crisis.


    apologies if this has already been posted; a quick search turned up nothing.

    i'm exceptionally uncomfortable with expansion of QE.

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

    As you should be.

    It's increasingly obvious that Bersnakey & Co. want to maintain the status quo and not have to train a new administration.

    This is the same crew that facilitated Bush and the Obusha. They are turning our money into dust for their own ends, not ours.



    Quote Originally Posted by Helix View Post


    apologies if this has already been posted; a quick search turned up nothing.

    i'm exceptionally uncomfortable with expansion of QE.

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

    OTOH, they are doing good for my gold and silver stash. Look at the PM charts and you'll see how silver dropped to 27 and then the insiders started buying. Fortunately, I saw this and did some serious buying @ 27 and now we're at 35 and rising.

    Good grief©






    Quote Originally Posted by specklebang View Post

    It's increasingly obvious that Bersnakey & Co. want to maintain the status quo and not have to train a new administration.

    This is the same crew that facilitated Bush and the Obusha. They are turning our money into dust fo their own ends, not ours.

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

    How did it work the first two times??
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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

    So far, I'm not impressed.


    Quote Originally Posted by tessaesque View Post
    How did it work the first two times??

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

    i understand the theory a little, and i can see potential for short term benefits if it's done once. the only thing it's going to do this time, however, is prevent an immediate Wall Street drop. now that it has been done twice, traders were expecting it. as for a solution to longer term problems, it isn't. the problems in our economy might be partially due to liquidity, but the vast majority of the problem is that people don't have money to spend because there isn't enough hiring and wage growth, and there isn't enough hiring and wage growth because people aren't spending. increasing liquidity doesn't solve that problem.

    it's frustrating because most proposals just top load the economy, when the problem is at the bottom. when your GDP is 70 percent consumer spending, you need a lot of consumers to keep that dirigible inflated.

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

    Maybe if Congress would get off their ass and actually do something about the economy....Bernanke and the Fed seem to be the only people seeing the situation and wanting to do something about it.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by iliveonramen View Post
    Maybe if Congress would get off their ass and actually do something about the economy....Bernanke and the Fed seem to be the only people seeing the situation and wanting to do something about it.
    I've yet to see a plan I think is even remotely logical come from either party. The stimulus was weak at best, and these so called "jobs bills" are crap. If they were serious in the first place they'd have taken that stimulus and given it to the damned consumer class in installments. If they were super, super serious, they'd have put stipulations on the money that it must be spent (no saving!). That would have automatically injected money into the economy.

    Then, they should have held their asses on creating new regulations, halting oil/gas exploration and drilling, and demonizing banks. 'Cause all that did was make business inflexible and unwilling to take risks, so even when they could afford to hire, they didn't.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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

    Quote Originally Posted by iliveonramen View Post
    Maybe if Congress would get off their ass and actually do something about the economy....Bernanke and the Fed seem to be the only people seeing the situation and wanting to do something about it.

    And what is Congress supposed to do when Harry Reid blocks everything sent up by the republican congress?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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

    Quote Originally Posted by j-mac View Post
    And what is Congress supposed to do when Harry Reid blocks everything sent up by the republican congress?
    That must be it, Harry Reid individually has brought Congress to a screeching halt.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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