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Ben Bernanke stays on point, promising continued QE even after the economy shows improvement. He...
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Tuesday, November 20, 2012, 12:29 PM ETBen Bernanke stays on point, promising continued QE even after the economy shows improvement. He says fiscal cliff worries are already posing a drag on U.S. growth, but a long-term deal could make "the new year a very good one for the American economy." Do we detect an optimistic turn in attitude from the chairman?
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France gets her credit downgraded; America is next. How does MORE DEBT fix the problem of too much debt? (Ben, it is not now, nor has it ever been, a credit crisis. We gave our selves WAY TOO MUCH CREDIT (which is a play on MEKhoury's comment above about HUBRIS) -- and now we have WAY TOO MUCH (Karmic) DEBT. And, of course, this terrifies Ben.
I'm voting on 1.5% or LESS GDP growth. So, what's going to be so good about that for 2013. We'll still have $1T deficits - no matter what Congress does with debt ceiling or taxes or spending. We in for recession or close to recession (almost no growth).
Bernanke doesn't have any ammo.....
Never left the last recession. Worried this might be the start of a Depression. Forget the way the define it. To me all these people out of work, 49 million on food stamps, and record sales of guns for some manufacturers..
Practicing my shooting, as well as the wife!
Night-Cycle Deflation from 2001-2019. Day-Cycle Inflation from (1983-2001) 2019-2037.
Traders didn't seem to get that optimistic slant out of his speech either.
Sounded like he was almost trying to talk the market down to me.
I agree 100%....He is running out of bullets, ideas, and he method will cause us huge inflation and unemployment...We are passed the tipping point...
ACTUALLY i am more encouraged that the commodities are the best play right now. This fiat ponzi scheme is coming to an end
http://bit.ly/LUiFYg
Watch this and learn what i mean..Especially fractional reserve.. Tell me this isn't a ponzi scheme!!
"They gave me a Ph.D. for that" -[on concluding that uncertainty is an economic negative]
Less hubris, more understanding.
Of course things will be better long term - after the austerity conditions are put in to prevent debt from strangling the economy.
I will tell you the yonger generation fighting for jobs won't take an austerity budget sitting down. I know mine won't..
Plus some of us oldies won't either!!
My concern is that we may NEVER GET another budget?
Then the end happens quicker then i expected, thats for sure!
Make the rich pay for our AUSTERITY. Huge tax increases on the rich and rich corporations until our debts are paid. Also spending cuts (including the military) and higher interest rates.
Will it be easy? Do we ALWAYS have to follow the easy way? Sometimes there is no EASY WAY.
Austerity = Winter. If everyone shares it, it will be a blessing to our nation. Next time we should not be so quick to give up our freedom for the EASY WAY, the Easy Money, of Debt.
i DON'T think the rich are actually rich enough to bail us out. Put this country and it's people on an austerity budget and they will go wild. Most have no clue what we are dealing with!!
Explain this !!!
http://bloom.bg/SaU4jf
The market had never been bearish at all for the past 4 years after 2008. Instead, it had been consistently siding for the long. That is akin with human nature; there is always hope (so they think).
Amen.
The irony of his actions is that he has set this country on a path similar to Japan.
It is Arthur Burns all over again.
Marry the words "Bank" and "Corrupt" and you get a faxsimile of the word "bankrupt".