Hawkish Minneapolis Fed president Kocherlakota conditionally throws his support behind QE3....

Hawkish Minneapolis Fed president Kocherlakota conditionally throws his support behind QE3. Expecting the "disinflationary pressures of 2010" to reappear, he says, "In that eventuality, increasing policy accommodation might well be appropriate."

Comments (6)
  • Steve B. Wise
    , contributor
    Comments (120) | Send Message
    Like he wasn't going to have his arm twisted off if he didn't go along with it anyway...
    30 Aug 2011, 12:42 PM Reply Like
  • tjohn1
    , contributor
    Comments (151) | Send Message
    Is disinflation bad and inflation good? Not for me. I want my little to buy more. The people who want less for their money- Are they economists or nuts? God help us!
    30 Aug 2011, 01:21 PM Reply Like
  • viper32nc1
    , contributor
    Comments (94) | Send Message
    None of the QEs worked. They were all failures! It would be fiscally irresponsible to do it again.
    30 Aug 2011, 01:51 PM Reply Like
  • Bear Bait
    , contributor
    Comments (922) | Send Message
    ahhhhh, yes but, third time's a charm. If at first you don't succeed try try again. it is better to have tried and failed than to never have tried at all! And then last but not least a word from Mr Buffett. To do the same thing over and over again expecting different results every time is stupidity, or something on that order. I for one think they should do QE3. If the house is on fire and all you can do is take a good healthy whiz on it, go for it! If nothing is done, all you complainers will complain about that, so he just as well do QE3 and let you guys complain about that. Complain is a polite way to spell bitch.
    30 Aug 2011, 02:36 PM Reply Like
    , contributor
    Comments (10786) | Send Message
    At the same time he lowers his GDP growth forecast to 2.5%.....ha!
    We'll be luck to reach 1% for the next 2 years.
    30 Aug 2011, 05:13 PM Reply Like
  • Hendershott
    , contributor
    Comments (1752) | Send Message
    Repeating the same mindless drivel that goes around in D.C. doesn't get you anywhere. The fact is nobody knows whether QE2 worked or not because there is no way of knowing where we would be without it. Since the economy seems to be weakening since the end of QE2 an argument can be made that it did have a positive effect on the economy. A correct statement is that QE2 did have as the effect on the economy that was hoped. A lot of policy recommendations are the same, there is no way of knowing exactly what the result will be or what the effect of not adopting the policy will be. Politicians are fond or saying this or that policy will result in so many jobs or whatever. Reality is that results are by and large unknown which doesn't mean that we shouldn't try.
    30 Aug 2011, 05:53 PM Reply Like
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