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Two days of losses is apparently enough: Ben Bernanke shrugged off concerns the Fed's policies...
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Friday, February 22, 7:55 AM ETTwo days of losses is apparently enough: Ben Bernanke shrugged off concerns the Fed's policies are fueling asset bubbles at a meeting earlier this month, reports Bloomberg, citing anonymous sources. Does Jon Hilsenrath have the day off?
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With the money we're roaring along at zero.
Without the money......we'd just be paying back trillions and still have no growth.
Bubbles are good.
You profess to be a trader, yet babble on as a socialist. Perhaps you are just a troll.
The truth is the government can't be expected to "fix" the economy. The government's role should be to provide a level playing field, where everybody has a reasonable chance to succeed through their own efforts, including through investment and hard work. That can be accomplished through law, by outlawing (and enforcing) conditions that don't favor economic growth such as price fixing, market manipulation, etc. The government can also provide an environment where people can take chances without facing poverty when things don't work out, i.e. risk management.
When the government starts interfering, trying to proactively "fix" the economy, that's when the trouble starts. The situation is exacerbated by the wealthiest and most powerful being able to control the government for their own benefit, and to the detriment of the rest of us.
Raising taxes or cutting taxes, increasing the debt or reducing the debt, are not central to the real argument we need to be having. Taxes and debt need to support the strategy, just as revenue and costs need to support a corporate strategy. But America has no strategy. We have no long-term plan, so all we do is throw money at the problem (increasing spending or cutting taxes are two sides of the same coin), hoping that somehow magically that will translate into success.
Instead we should be talking about a real strategy for America, how we can assure our positive future by making an effort to go in a particular direction and how that will give us an edge. None of that can be accomplished until politicians are rewarded for results that benefit the nation as a whole instead of their largest campaign contributors.
It's not as simple as "vote Democrat" or "vote Republican," because both parties are equally corrupt and entirely focused on being re-elected. I don't know what the solution is. Maybe there isn't one. But if it exists, it's not as obvious as partisans suggest, and it will certainly be extremely difficult to implement.
You profess to be a trader, yet babble on as a socialist. Perhaps you are just a troll."
I didn't know only the Tea Party Patriots have the right to make money in the market. Something learned on SA every day.
The Democrats have a proposal to avoid sequester. Raise taxes as needed on people making $1M+ a year to raise half of the $85B, and cut defense to raise the other half. That works for me.
Wrong. There was indeed a time when Democrats supported unions.
Hollywood, Warren Buffett, George Soros, the Googlers, etc, etc. All Democrats, all wealthy. Let's raise taxes on those rich one percenters.
Excellent comment.
Our Founding Fathers knew the danger of government overbearance and crafted a republic to prevent such evil. Sadly, we now have politicians posturing as 'enlightened' that promise a solution to all our ills by simply expanding government controls. We, the people, need to reassert our independence.