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"Fed doves will not be patient," says Pierre Ellis from Decision Economics, noting the wide...
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Monday, July 2, 2012, 2:44 PM ET"Fed doves will not be patient," says Pierre Ellis from Decision Economics, noting the wide breadth of weakness in the economy (see today's ISM report). Maybe the only thing preventing a QE3 announcement at the end of July FOMC meeting would be a strong payroll report this Friday.
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"wide breadth of weakness" the market has hardly corrected.
guess pierre considers any pullback unacceptable.
So let me get the straight!
Consumer is in the crapper,
spending is down and inventory is high!
Bubble blowin Ben and his dollar debauchery of QE is going to help this how again?
If you get and more dollar debasement,
risk assets will fly,
oil, gold, and everyday staples, this will only HURT the already struggling working man / woman!
Have we forgotten about all the garbage about to roll back in with the tide toward the end of the year?
Taxes are set to spiral HIGHER and this is not even taking into account the inferno that could go nuclear over there in the Middle East at any time!
Syria is likely to devolve into all out war,
Hillary Clinton is as useless and amateurish as Madeline Albright was with North Korea in the '90's!
This administration has NO FOREIGN POLICY at all!
We are a laughing stock and the Iranians and Vlad are more than willing to poke us in the eye while they know Obama will run and hide behind the U.N.'s skirt!
The trouble with the progressive nightmare,
for them anyway,
is it has been exposed and is finally at deaths doorstep!
The American republic and her citizens have been given one last chance to right the stain on our republic that was heaved on the unsuspecting masses in 2008!
Let us not fail this challenge because we chose to sit down!
Your children's,children,
and their fate demands the virtuous stand and be heard in November!
The economy will not grow with more Bubble Blowin Ben and his magic QE BUBBLES!
This is not your garden style led boom and bust recession!
Deflationary / deleveraging depressions take years to unwind!
All QE has done is push off the day of reckoning and add a few TRILLION dollars of more DEBT that now also needs to be worked off!
Thanks Ben / Timmy / and that fool Paul Krugman for shoving the progressive nightmare down our throats!
And special thanks to the main person responsible for awakening the sleeping giant called the American Electorate,
Barack Hussein Obama!
We couldn't have done it without you Barry!
May the good lord watch over the republic,
keep our men and women in the military safe and sound this coming fourth of July holiday and bless our wonderful little experiment in freedom and self rule we lovingly call AMERICA!