Wells Capital's Jim Paulsen would not exactly welcome QE3: "We have created a very bad...

This news story has 9 comments:

Register or Login to rate comments »

Clayton Reeves Comments (114)
 
Well said
25 Aug 2011, 05:59 PM Reply Like

Tschurin Comments (263)
 
All this attention to what Bernanke will or won't say tomorrow is making me nauseous. The idolatry reminds me of all the attention that used to be paid to Greenspan [remember CNBC focussing on how thick his attache case was as he arrived for each FOMC meeting]. The real question is, with everyone telling Bernanke how important and smart he is, what moronic mistake will he make that will impact us all. I think we already partly know the answer.
25 Aug 2011, 05:59 PM Reply Like

Wyatt Junker Comments (4505)
 
Roids made Barry Bonds a winner, but his nads shrank.

That's QE in a .... 'nutshell'.
25 Aug 2011, 06:00 PM Reply Like

spald_fr Comments (2456)
 
"Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly."
~Ben Bernanke
25 Aug 2011, 06:08 PM Reply Like

Micah Comments (366)
 
Interesting statement in that not a single goal set forth is being met...
25 Aug 2011, 06:17 PM Reply Like

Joe Morgan Comments (1498)
 
Jim Paulsen thinks GDP would grow above 3% in the second half.....another wall street guy looking thru the rear view mirror.
25 Aug 2011, 06:19 PM Reply Like

Tack Comments (9218)
 
All of QE has found its way into T-bills, gold and balance sheets, so it's stimulative effect for the economy has been nil. Furthermore, artificially-created low rates retard decision-making and incentives, both on the purchase and lending sides of the equation.

End it!
25 Aug 2011, 06:23 PM Reply Like

Wyatt Junker Comments (4505)
 
Agreed. And the most perverse thing about gold & t-bills is that as people pile into them, capital is removed from actually growing the economy and we suffer from a poverty of ideas. Gold is a direct tax on innovation since its a hedge against government corruption, which means 'the investment' is not only fear based but risk averse(ie, non-expansionary).

If govt. could slow TF down, get TF out of the way and shut TF up gold would eventually fall even as further debt was arrested by the do-gooder society of WDC inbreds. And growth would explode. Real growth, organic growth, hiring too.

I talked to a small local banker today. He told me that Dodd-Frank is only in the 1st inning in terms of mining the depths of its 3,000 pages long. And loan growth has been minimal due to the fact that no one wants to commit capital to businesses since they've only read so far 50 pages of the Dodd-Frank bill.

Dodd-Frank is, quite literally, directly causing most of the unemployment according to this CEO.
25 Aug 2011, 06:31 PM Reply Like

NUNAY the KING Comments (118)
 
Gold, in some fashion, needs to be tied to the dollar again. Let the smart guys figure out the ratio, but it would not have to be a large percent, and it should only apply to a new currency that is only "good" in the United States. A separate coin or bill backed only for U.S. Citizens IN the U.S.
Also, there needs to be a tax break for corporations who hire Americans in America. I can't do the details, there are plenty of CPA's who can create the proper incentives which create American jobs and provide corporation tax breaks. Furthermore, I suspect this would be a boon to small business as well.
25 Aug 2011, 10:18 PM Reply Like