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| Economy |
| AEP: Fed fiddles as America slides back into recession |
| 2012-07-16 |
| Posted by:tipper |
| #6 yup, 21% - typed too fast. |
| Posted by: lotp 2012-07-16 21:09 |
| #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 |
| #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 |
| #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 |
| #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 |
| #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 |