Note: not a single quarter of growth since 1980.
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| Economy |
| Bernanke: Fed May Launch New Round of Stimulus |
| 2011-07-13 |
| Give it up Bernank, the parrots dead. Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing. Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures. "Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation," he said "However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate." |
| Posted by:tipper |
| #9 No reason it can't be both, EU. >:-( |
| Posted by: Barbara 2011-07-13 18:08 |
| #8 Google Steve Keenes Debtwatch. He does a really good job of explaining the link between debt and economic growth. |
| Posted by: phil_b 2011-07-13 17:14 |
| #7 These people are truly insane. I'm not that charitable. I think they're just ripping us off. |
| Posted by: Ebbang Uluque6305 2011-07-13 15:23 |
| #6 The first round of O'stimulus became a permanent part of the federal budget. So will this one and next year the permanent built in federal budget deficit will become $2 trillion/year. |
| Posted by: Eohippus Phater7165 2011-07-13 13:53 |
| #5 "The definition of insanity is doing the same thing over and over and expecting different results." These people are truly insane. |
| Posted by: DarthVader 2011-07-13 13:29 |
| #4 Where do we get these morons? Ivy League faculties. |
| Posted by: Nimble Spemble 2011-07-13 12:37 |
| #3 From Karl Denninger, graph showing quarterly growth in GDP after subtracting new debt: Note: not a single quarter of growth since 1980. |
| Posted by: Anguper Hupomosing9418 2011-07-13 11:58 |
| #2 Where do we get these morons? I don't know, but am sure there is an ENDLESS supply of them. |
| Posted by: Anguper Hupomosing9418 2011-07-13 11:48 |
| #1 Geeze Louise. What is this guy ingesting? Gonna ramp up the printers? This is Zimbob Heavy. Where do we get these morons? |
| Posted by: Alaska Paul 2011-07-13 11:31 |