Article

2012-09-28 Economy

Second Quarter GDP growth much worse than earlier estimated

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Posted by lord garth 2012-09-28 00:00|| || Front Page|| [2 views ] Top

#1 Unexpectedly?

Posted by g(r)omgoru 2012-09-28 04:36|| 2012-09-28 04:36|| Front Page Top

#2 I've got an idea. What if the Federal Reserve Board buys up all of the bad mortgages along with all failing business debt from all of the banks. As a pre-conditon, the banks will be instructed to buy US Treasury bonds from the money the Fed sends them.

The Fed can then bundle the mortgages as collarteral to buy foreign bonds and currency. That way, when the ship begins to sin, everybody goes down together and a new global monetary scheme is developed.

Oh wait!

Posted by Besoeker 2012-09-28 07:43|| 2012-09-28 07:43|| Front Page Top

#3 If we keep wages-low and land/house prices high people will have more money for the economy...

Hey that sounds a bit wrong....

Posted by Bright Pebbles 2012-09-28 09:59|| 2012-09-28 09:59|| Front Page Top

#4 for those of you against quantitative easing, just remember that if the Fed didn't do that there would be more pressure for another Stimulus or a new 'job core' or who knows what else

the good thing about quantitative easing is that it can be unwound much quicker than a fiscal action

Posted by lord garth 2012-09-28 13:49|| 2012-09-28 13:49|| Front Page Top

#5 Job Corpse? Sure why not.

Posted by Shipman 2012-09-28 15:21|| 2012-09-28 15:21|| Front Page Top

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