Article

2012-07-16 Economy

AEP: Fed fiddles as America slides back into recession

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2012-07-16 03:48|| || Front Page|| [3 views ] Top

#1 Getting close to election. I have noticed a decline on bad economic news. The EU, China , Latin America and even Australia. I believe they are deliberately doing this to keep people less involved. The money investment people love to work the little people. There is always money to be made in good as well as bad times for these people. The QE3 may yet appear to help Obama. He is not fixing things. He cleans up by throwing the dirty clothes in the closet with Barney.

Posted by Dale 2012-07-16 07:02|| 2012-07-16 07:02|| Front Page Top

#2 AEP is the wrolds biggest idiot. I really cannot think why anyone would still deny there was not a credit bubble.

Can we have some comment from a non-moron?

Posted by Bright Pebbles 2012-07-16 09:41|| 2012-07-16 09:41|| Front Page Top

#3 The Federal Reserve has drifted into fatalism, seeming to lose confidence in its own ability to shape events, displaying the same lack of "Rooseveltian resolve" as the Fed in the early 1930s -- to borrow an expression written years ago by a young Princeton professor, and Fed scourge, called Ben Bernanke.

Only a leftest prof from Princeton could come up with a term of reference such as "Rooseveltian resolve". I personally celebrate the "lack" thereof.

Posted by Besoeker 2012-07-16 09:59|| 2012-07-16 09:59|| Front Page Top

#4 Investor class hoping for QE3

The problem in a nutshell: US GDP growth 1%, annualized US debt growth 12%

Posted by lotp 2012-07-16 10:12|| 2012-07-16 10:12|| Front Page Top

#5 Lotp

http://www.zerohedge.com/news/problem-nutshell-annualized-gdp-growth-1-annualized-us-debt-growth-21

That's 21%

i.e. it's taken 20 dollars of debt to increase GDP by 1 dollar. Only a Keynesian idiot (a tautology) would think of this as investing.

Posted by Bright Pebbles 2012-07-16 11:59|| 2012-07-16 11:59|| Front Page Top

#6 yup, 21% - typed too fast.

Posted by lotp 2012-07-16 21:09|| 2012-07-16 21:09|| Front Page Top

00:00 JosephMendiola
23:36 gorb
23:34 gorb
23:33 SteveS
23:31 gorb
23:29 SteveS
23:28 gorb
23:02 JosephMendiola
22:45 badanov
22:10 Frank G
22:06 Frank G
21:39 Pappy
21:34 gromky
21:09 lotp
21:09 Northern Cousin
20:59 USN, ret
20:58 Broadhead6
20:53 USN, ret
20:48 AlanC
20:47 Northern Cousin
20:40 SteveS
20:22 Frank G
20:21 SteveS
20:21 Frank G