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In economist David Rosenberg's view, QE3 is all but inevitable. With unemployment well above the...
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Monday, July 11, 2011, 5:20 PM ETIn economist David Rosenberg's view, QE3 is all but inevitable. With unemployment well above the FOMC's year-end projection band of 8.6-8.9%, and higher still from its end-of-2012 projection of 7.8-8.2%, the Fed has no choice but to provide more stimulus. Rosenberg previously gave a 99% chance of a second recession happening.
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This news story has 6 comments:
shouldn't he be the most active among all given such gloomy macro econ these days?
I mean, that's why we're here on SA, isn't it?
Long XOM, NOV, DIG? Short AAPL, TIF, COH?
QE2 was a failure, except for those who bet on it jamming commodities/inflation.
If the primary justification for QE3 is jobs, it, too, will be a failure.
The current source of the failure to create jobs is the bad, anti-business policies spewing from Obama and his ilk.
I pray I am right, but you can't avoid the ensuring depression , its all but certain.
Trumka, Stern, and Obama, this socialist/progressive administration, are all but certain to cause it. Union Leaders are the number one visitor to the white house, Stern {SEIU} and now Trumka. The three stooges will get the rank and file 100% of nothing! This is math kids, pure and simple, no more bull crap! How about every union member in the country agree to a 50% give back of all their pay and benefits. We can avoid the depression, but it starts with the last statement happening. I would rather bet on a snowball lasting more than a minute in hell, I just don't see the union/membership willing to do what is needed for the country. That's why they will ultimately wind up with 100% of nothing! The s... ; Has hit the fan!
Jerry