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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

  1. #391
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by donsutherland1 View Post
    I agree. IMO, the Fed will need to proceed carefully in reducing its mortgage-related securities holdings. In doing so, it will need to be careful to avoid destabilizing the housing sector.

    For a rough guide, it could use, among other indicators, the annualized change in quarterly home prices, as one measure for how fast to proceed e.g., it should shoot for relative stability in home prices during its balance sheet reduction efforts. If home prices begin to fall, it would need to slow its pace. If home prices are rising at more than a modest pace consistent with price stability (usually defined as > 2% per year), it would have room to accelerate its unloading of such securities. Keep in mind, that's just one example of a possible indicator. It would be prudent for the Fed to employ multiple indicators to reduce the risk of error.

    In any case, I suspect that the process will need to be a gradual one, starting very slowly and then proceeding faster in future years. It will probably take at least 3-5 years at the earliest before the Fed has sold off such securities. The process could take considerably longer. Caution not speed should define the Fed's balance sheet reduction efforts.
    I heard an interesting solution today. Have the Fed swap the mortgages with Fannie and take back treasuries. This way they can manage inflation without distorting the housing market. Seemed to make sense.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    too clever by half a trillion

    cbo says f&f will ultimately cost taxpayers THREE HUNDRED AND EIGHTY BILLION

    Why Fannie Mae, Freddie Mac Continue To Cost US Taxpayers Billions

    politically repulsive are the FORTY TWO MILLION dollars in BONUSES ceded to the incompetent and corrupt crew who got us all here

    the f's are exempt, by the way, from dead dodd's bill, as you know

    why, just last christmas eve, tax cheat in chief geithner's treas ok'd a ROOFLESS RECONSTRUCTION of the fulsomely favored f's

    U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says - Bloomberg.com

    too many syllables, no way out

    ask papandreau

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    on the other hand, no one wants the treasuries

    Foreigners cut Treasury stakes; rates could rise - Yahoo! Finance

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    on the other hand, no one wants the treasuries

    Foreigners cut Treasury stakes; rates could rise - Yahoo! Finance
    The December 2009 figure was revised to a modest gain. Treasury holdings by foreigners have increased in the subsequent two months for which data is available.

    http://www.ustreas.gov/tic/mfh.txt

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    oh, please

    FT.com / Emerging Markets - Jitters over China?s waning taste for T-bills

    what about the 400B lost to f&f?

    coupled with the roofless reconstruction of the deadbeat lenders?

    what about the tril per year in interest payments just around the corner?

    what about the 4.5 million homes expected to be foreclosed upon in 2010?

    what about the half of those hamped who've already re-defaulted?

    while obama continues to do just more of the same?

    what about the extra tril at&t and the others have to book just to cover obamacare?

    what about the almost ubiquitous, universal uncertainty confronting employers, investors, consumers, presented by health care, cap and trade, reg reform...?

    what about consumer confidence still near an all time low?

    what about the CONTAGION, the EXISTENTIAL THREAT, emanating from greece, portugal, spain, spreading soon to ireland, italy, which has so perturbed our poor perplexed president?

    what about our states bleeding, near bellying up?

    did you hear about harrisburg, yesterday?

    Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy - Bloomberg.com

    what about public pensions popping?

    what's that do to confidence?

    personal income is down 3.2%

    86% of americans describe their economy as in crisis

    they don't seem to be understanding what you are tyring so hard to tell them

    maybe you should use smaller words

    y'know, talk to em directly
    Last edited by The Prof; 04-28-10 at 10:40 PM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Q1 GDP Report Reaffirms Ongoing Economic Recovery...

    This morning, the Bureau of Economic Analysis reported that GDP grew at a 3.239% annualized rate during the first quarter of 2010. That marks the third consecutive quarter of growth. Since the bottom of 2009 Q2, real GDP has expanded 2.7%. At the same time, real personal consumption expenditures grew at a 3.6% annualized rate, its strongest growth since 2007 Q1 (+3.7%).

    Select Measures:

    Real GDP Change:
    2009 Q3 +2.2%
    2009 Q3 +5.6%
    2010 Q1 +3.2%

    Real PCE Change:
    2009 Q3 +2.8%
    2009 Q3 +1.6%
    2010 Q1 +3.6%

    All in all, the advance Q1 GDP report adds to the growing evidence that the U.S. economy is in the midst of a moderate-paced recovery. It also indicates that consumer confidence is beginning to increase, as consumers increased their spending to a much more robust rate in Q1.

    The full report can be found at: http://www.bea.gov/newsreleases/nati...dp1q10_adv.pdf
    Last edited by donsutherland1; 04-30-10 at 09:39 AM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    1. despite all the hi flown verbage, we still seem to be talking past each other---LOL!

    2. there's more to an economy than gdp

    3. growth is natural and expected, the population is growing

    4. that's why we need to create some 150,000 jobs a month just to KEEP EVEN

    5. 3.2%, coming out of what we're coming out of, is not good news

    6. that's why the figure was lower than expected

    7. consumer confidence up a few points from an all time low leads us to...

    8. 57.9

    9. when you're at an all time low, what do you expect from your statistics

    10. housing, which started all this, contracted TEN POINT NINE PERCENT in q1

    11. that's terrifying

    12. on top of the FOUR POINT FIVE MILLION FORECLOSURES expected in 2010

    13. on top of the hundred thousand or so we've already hamped who've already re-defaulted

    14. bottom line (as all know)---we're gonna have to do an AWFUL LOT BETTER THAN THIS to grow our way out of what's coming---A TRILLION DOLLARS PER YEAR IN INTEREST ALONE in about 5 years

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    when's obama gonna get hu to negotiate the yuan

    bernanke called out currency as a major contributor

    y'see, despite the syllables, despite the stats, the FIXES just are NOT in place

    sorry

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    look at housing, the particular pointy pin that popped the balloon

    foreclosures are forecast to INCREASE by SIXTY PERCENT in twenty ten, THIS YEAR

    that's UP over terrible, terrifying 2009

    so what's the white house do?

    it BRAGS how it's gonna HAMP more

    even tho half those we've "assisted" have already re-defaulted

    y'see? no FIXES

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    and the biggie---DEBT

    the 2009 and 2010 budgets BORROW an astonishing THREE TRILLION dollars, some 14% of gdp

    that's not SUSTAINABLE

    the NEW YORK TIMES, the president's pet press partner (did you read politico's piece on the topic this week?), forecasts service on our debts, MERE INTEREST ALONE, will approach A TRIL PER YEAR by 2016, 2017

    the grey lady laments leadership's reliance on PHONY NUMBERS to project ITS estimation of some EIGHT HUNDRED BILLION service costs by decade's end

    the white house (like all white houses) depends on unrealistically rosey GROWTH numbers AS WELL AS fantastically friendly INTEREST RATES

    when the lady adjusted those two fundamentals underlying service costs to reality, well, that's how SHE arrived at A TRIL PER YEAR in interest somewhere around mid decade

    very worrisome, don't you think?
    Last edited by The Prof; 04-30-10 at 01:40 PM.

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