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FOMC Announcement: No changes, with $85B/month in asset purchases and ZIRP remaining the...
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Wednesday, January 30, 2:17 PM ETFOMC Announcement: No changes, with $85B/month in asset purchases and ZIRP remaining the monetary law of the land. New FOMC voter, Kansas City Fed chief Esther George, replaces the Richmond Fed's Jeff Lacker as a dissenting vote. The Fed blames a pause in the recovery on weather and other transitory factors.
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It's always some excuse. They'll blame it on anything and everything to keep from blaming the god-king and his socialist/statist policies.
I bought a book of meteorology for Usd 1 written by Walt Disney, where he speeks about to weather devices that may change the future of weather, one is the sattelites, what happened with the other one?
Jose
Boy, don't hold your breath on that one. Those Washington cocktail parties are to lavish to give up for real work.
With the S&P triple top having been breached, does anyone think that these QE stimulus' and all the other stumulus' before that lead to the next big bubble? When investors realize that the stimulus isn't working and the economy is not actually recovering, could that be the catalyst that causes a major drop like the previous ones?
It seems the feds are pretty desperate to keep the economy running on fumes and they're running out of all options now - throwing more money, close to 0% interest rates and what not. This is why I'm trying to make sense of why respected economists like Paul Krugman are saying that we aren't spending enough and the government needs to actually have more stimulus.
As soon as 'blackie-mcblackenstein' took office, many people decided it wasn't working anymore and they will complain no matter what happens until after the next election, and maybe continue depending on if they like the next president or not.
This is what I've been saying in my comments since mid-December. The next big bubble is the equity bubble that we are about to witness pop. Come February 14th there will be a steep and swift decline. Read my past comments for further details.
It's OK though, Sandy is going to cause the mother of all broken window syndromes, and GDP will get a shot in the arm from all the economic activity related to rebuilding what was lost.
Extreme weather is here to stay and "weather-related factors" are not "transitory" anymore. Extreme weather should be part of any business and economic analysis. If the Fed has not gotten this, I am afraid they will get surprised a lot in the years to come.
as though this is the end. and now everyone who just *knows* things are really terrible should buy guns and physical silver and gold, and get ready to shoot squirrels for food in the suburbs,... yeah. uh huh.
312 billion $ additional debt in the 4th quarter for what? Negative growth?! You think that deficit/debt comes for free? It has a heavy price tag and for that the rewards better be worth it. This quarter it simply wasn't and I contend it never was.
Other comments are cynical in regards to the typical "truespeak" propaganda of needing to blame weather and transient blimps.
The multiplier effect of that money being gone will likely drop Q1 2013 GDP growth into negative territory. That makes it a recession. This market is not pricing that in, yet.
So likely the bubble we are talking about is the government deficit spending bubble. The minute it stops, the bubble pops.