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Cleveland Fed President (and FOMC voter) Sandra Pianalto is seeing more evidence the economy is...

Cleveland Fed President (and FOMC voter) Sandra Pianalto is seeing more evidence the economy is in a self-sustaining recovery, but she is not at the point of even thinking about withdrawing extraordinary monetary stimulus as it could be another 4 or 5 years before employment reaches what she considers to be the "maximum" level.
Comments (3)
  • 2MuchDebt
    , contributor
    Comments (239) | Send Message
     
    The economy is so strong and self-sustaining that we need another 4-5 years of maintaining the ridiculous amount of monetary stimulus? Gotcha. Talk about an ignorant "smart" person. Hyperinflation will have engulfed the world by then; but who cares, right?
    2 Apr 2012, 12:58 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Gold has formed a nice base at this level. Waiting on the all knowing, all seeing, dove fest to kick off, and gold continues it's bull run.
    2 Apr 2012, 01:08 PM Reply Like
  • Jason Tillberg
    , contributor
    Comments (1267) | Send Message
     
    It's self-sustaining so long as we stimulate it with 0% interest rates, provide fresh money created from a few key strokes to buy worthless debt notes, make it as easy as possible for congress to borrow $1 trillion + for deficits every year and tell everyone inflation is just transitory anod not to worry about not making any money in your CD's.
    2 Apr 2012, 01:16 PM Reply Like
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