Mossy wrote:The more the economy is propped up, the harder, and deeper, it's going to crash..
Fusion wrote:Just playing devils advocate. I agree in theory we have never experienced easing on the scale as seen today. Where I am forced to stop is when I understand that the economists at the Fed aren't dummies. You see and use the same catch phrases as many over and over but what if when they start unwinding QE and everything is OK? They know they'll need to be very sensitive to the markets since they've been propping up the economy. I'd have to guess they have a plan and will be watching this very closely. Just a guess.
Diggin4copper wrote:Fusion wrote:Just playing devils advocate. I agree in theory we have never experienced easing on the scale as seen today. Where I am forced to stop is when I understand that the economists at the Fed aren't dummies. You see and use the same catch phrases as many over and over but what if when they start unwinding QE and everything is OK? They know they'll need to be very sensitive to the markets since they've been propping up the economy. I'd have to guess they have a plan and will be watching this very closely. Just a guess.
But the problem I see is none of the SMART guys are doing anything to fix things.. Isn't Bernake stepping down? He has not turned things around to a point where his work is done... There is going to be some pain in the future... the longer we wait, the worse it will be..
68Camaro wrote:Smart people are wrong all the time. Even if they are honest (and I'm sure not these are - I wouldn't put money on it) they can easily be deluded by their own biases. You have to ask yourself what it takes to make things OK, and then develop your own convictions. What they are attempting has never, ever been successfully done in history and every possible early warning bell has already gone off. Their solution is simply that "a miracle happens". Which, of course, won't.
Fusion wrote:68Camaro wrote:Smart people are wrong all the time. Even if they are honest (and I'm sure not these are - I wouldn't put money on it) they can easily be deluded by their own biases. You have to ask yourself what it takes to make things OK, and then develop your own convictions. What they are attempting has never, ever been successfully done in history and every possible early warning bell has already gone off. Their solution is simply that "a miracle happens". Which, of course, won't.
Yes, I agree that smart people are wrong all the time. Do you really believe the Federal Reserve's solution is a miracle? Wow...i simply have no response.
Fusion wrote:Mossy wrote:The more the economy is propped up, the harder, and deeper, it's going to crash..
That's what people thought in:
73-75
80-82
90-91
2001
08-09
So this time its different? We're seeing 2.5% GDP growth, sequestration, housing prices stabilized/recovering, unemployment data improving. I'm not convinced the world is going to end...yet.
68Camaro wrote:sorry, i don't see any improvement. the government is telling us things are improving but thats the big lie which MSM are also pushing. total employment is at all time lows, food stamps at all time highs, debt and money printing are atball time highs, real inflation running 8% and higher. house prices are only up because the government funded banks have finally controlled inventory and are rationing the supply to keep prices up. GDP is only "growing" because they are using stacked inflation numbers. etc etc.
Mossy wrote:The more the economy is propped up, the harder, and deeper, it's going to crash.
Idiots.
slickeast wrote:I don't know how much truth there is to my next statement. I have read that the people who have stopped looking for jobs are NOT included in the unemployment rate.
slickeast wrote:Working in the grocery business for many years I have seen ways to inflate prices without raising them. Many items that you regularly buy now come in smaller packages with fewer ounces. The price remains the same but the cost per serving has increased. I have also talked with management and we have seen the use of food stamps increase. Last year's food stamp use was 6x higher than the previous year.
Fusion wrote:Inflation...well that's just silly. http://www.usinflationcalculator.com/in ... ion-rates/
Return to Economic & Business News, Reports, and Predictions
Users browsing this forum: No registered users and 37 guests