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"Fed is going to skip QE3 and go right to QE4," says a wag following the terribly weak NFP report.

"Fed is going to skip QE3 and go right to QE4," says a wag following the terribly weak NFP report.
Comments (25)
  • bankingqueen
    , contributor
    Comments (135) | Send Message
     
    Might as well skip all the BS, and just go for QE10. None of our hack D.C. politicans have a clue. More slush fund for obummer votes.
    3 Jun 2011, 08:44 AM Reply Like
  • bbro
    , contributor
    Comments (9845) | Send Message
     
    Looks like some in SA crowd want a tightening and a depression...
    3 Jun 2011, 08:46 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    Or we just like a pretty darn funny comment ...
    3 Jun 2011, 08:51 AM Reply Like
  • eggfaced
    , contributor
    Comments (293) | Send Message
     
    bbro -

     

    tightening = dealing with the problems and taking the medicine now so our economy can restructure on sound footing.

     

    QE = printing money to bail out banks and the US Gov't creating an inflationary depression that will result in eventual destruction of our currency.

     

    We are stuck between a rock and a hard place for sure but the right thing to do is tighten and I am 100% sure Bernanke won't do the right thing.
    3 Jun 2011, 08:50 AM Reply Like
  • HiSpeed
    , contributor
    Comments (1112) | Send Message
     
    Stupidity: doing the same thing over and over while expecting a different result.
    3 Jun 2011, 08:56 AM Reply Like
  • eggfaced
    , contributor
    Comments (293) | Send Message
     
    Insanity
    3 Jun 2011, 09:05 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Nothing is going to change until possibly after the election.....the Dems need to spend to buy votes...and the Republicans donĀ“t have the votes to change it....
    3 Jun 2011, 08:57 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4091) | Send Message
     
    Well - the reps got us into the mess. Without the dems you would now be sitting shirtless in a hood I assume.
    3 Jun 2011, 09:02 AM Reply Like
  • drekon
    , contributor
    Comments (182) | Send Message
     
    That is the most disgusting part of this. We are looking at 2 years until the possibility of a solution, and then it would take at least a year for any legislation to take hold on the economy.
    3 Jun 2011, 09:03 AM Reply Like
  • drekon
    , contributor
    Comments (182) | Send Message
     
    Nice bumper sticker - please explain how "reps got us into the mess" and why it takes more than $4 Trillion and 2.5 years to get out.
    3 Jun 2011, 09:06 AM Reply Like
  • kmi
    , contributor
    Comments (4040) | Send Message
     
    Not that I agree or disagree but Iraq conflict has cost us about 4t.
    3 Jun 2011, 09:08 AM Reply Like
  • Ken Hasner
    , contributor
    Comments (427) | Send Message
     
    Both major parties FULLY support the FED's actions. There will be no change IMHO.
    3 Jun 2011, 09:08 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    the george soros color book instructs libs to blame everything on Bush and republicans and they have the media to help them carry on
    3 Jun 2011, 09:15 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    thats absolutely not true. have you ever heard of Ron Paul? many republicans disagree with the fed ponzi/fraud scheme
    3 Jun 2011, 09:16 AM Reply Like
  • WMARKW
    , contributor
    Comments (10454) | Send Message
     
    Not gonna happen in two years (I think)

     

    Here's my view on the math:

     

    Using reasonable assumptions, within 5 years the Debt to GDP ratio will be over 125% for the US, and....probably the most important measures.... interest in debt with be $1 Trillion a year vs. tax receipts of $3.25 Trillion. That means that interest will consume >30% of the tax receipts - leaving $2.25 Trillion for spending compared to $ 3.3 or so Trillion today. That's based on 2 to 2.5% GDP growth, 18% GDP for tax receipts. Interest rates rising on US debt from 3% today to 4.5% in 5 years and deficits of $1.5, $1.5 and $1.3 trillion there after. They can't go any lower because interest on debt will take up so much of the revenue. So I say we are toast!
    3 Jun 2011, 09:18 AM Reply Like
  • Ken Hasner
    , contributor
    Comments (427) | Send Message
     
    Ron Paul is only a republican for political purposes. He openly says his policies are libertarian. Republicans who control the house and those is leadership positions in the Senate are fully on board with the FED and always will be.
    3 Jun 2011, 09:21 AM Reply Like
  • Ken Hasner
    , contributor
    Comments (427) | Send Message
     
    Can you point to any pending legislation from these 'many republicans' that disagree with the FED ponzi scheme or are they too embroiled in party politics to actually take a stand and introduce any bills for a vote ?

     

    Look I am not bashing the repubs...just saying that both major parties are complicit...remember who first appointed both Greenspan and Bernanke...evidence enough
    3 Jun 2011, 10:12 AM Reply Like
  • WMARKW
    , contributor
    Comments (10454) | Send Message
     
    Unfortunately you are correct. There seem to be few principles (well at least ones the most of society can agree with) within the ranks of the politicians. It's my belief that we need to discard them all on a regular basis until we get people who will address the will of "We the People."
    3 Jun 2011, 10:17 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    people who use the cliche that all politicians are the same are usually ones who voted for obama and refuse to accept responsibility for the bad choice - many republicans have spoken out against the fed ponzi scheme
    www.tradereform.org/20.../
    3 Jun 2011, 11:15 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    once again that is not true - paul votes with republicans on many issues - you can continue to blindly only blame republicans while the country burns
    3 Jun 2011, 11:16 AM Reply Like
  • bankingqueen
    , contributor
    Comments (135) | Send Message
     
    wmarkw,

     

    A 2-2.5% GDP growth? More like .03-.08%, dont doubt me. There is no growth, and I am starting to think it is being engineered that way. Dreken makes a good point that it wont be for several years till any real attempt at a new policy takes places, by then it may be too late. And if Obummer gets re-elected the next great depression will be here.
    3 Jun 2011, 09:31 AM Reply Like
  • WMARKW
    , contributor
    Comments (10454) | Send Message
     
    Your numbers make my projected outcome even worse....which I think also is very possible...and like you, when the outcomes are so regularly bad and so counter-intuitive, it does make one consider the "engineering" aspect as a real possibility.
    3 Jun 2011, 10:19 AM Reply Like
  • bankingqueen
    , contributor
    Comments (135) | Send Message
     
    Wmarkw

     

    I am in agreement that everything this administration is doing policy wise is counter-intuitive. And while I would be the last person to be a conspiracy theorist, this is getting so bad I really must think they have other agendas. When this whole thing goes crashing down (and it will) eventually. It will be the perfect storm and I have a hard time believing that all these so called smartest people in the room were asleep at the wheel. Which leads me to believe this is all done on purpose. I hope I am wrong, but my gut is usually right.
    3 Jun 2011, 06:18 PM Reply Like
  • warrenrial
    , contributor
    Comments (559) | Send Message
     
    Obama has done a good job of trying to destroy this country.
    3 Jun 2011, 09:59 AM Reply Like
  • alphamaletrader
    , contributor
    Comments (14) | Send Message
     
    Or we could just stay between the rock and the hard place forever....
    3 Jun 2011, 10:02 AM Reply Like
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