02-15-2011, 01:57 AM
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#1
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Registered User
Join Date: Oct 2007
Location: Midwest
Posts: 1,746
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“It’s a slow train wreck coming and we all know it’s going to happen,”
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02-15-2011, 04:00 AM
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#2
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Registered User
Join Date: May 2009
Location: Frederick, MD
Posts: 1,396
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it's good news / bad news...
the cost of borrowing is going up (bad news), the economy is getting better (good news). hopefully it's time to address the problem (deficits / jobs). but since we're gearing up for election season, i doubt that much progress will be made by either republicans or democrats...
(hey this was my least partisan post in a while!)
how about the news that the government wants to wind down fannie / freddie? that should be good news for (most) of the people on this board since they hate fannie / freddie.
(aww, some partisanship there)
i actually like the plan - wind down fannie / freddie and implement a mortgage program like the FDIC that bank's pay into to insure mortgages.
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"Speed has never killed anyone, suddenly becoming stationary... that's what gets you."
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02-15-2011, 04:32 AM
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#3
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Registered User
Join Date: Apr 2009
Location: Orlando
Posts: 1,266
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Good news / bad news...that's like getting a $5 raise and the Feds tax you $6. Fannie / Freddie is another Government plan gone bad...they should auction off the whole system. :dance:
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02-15-2011, 04:53 AM
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#4
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Here is a question for you that I ask my students:
Who owns the Federal Reserve?
Now, please don't Google for the answer, that would be cheating!
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Rich Belloff
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02-15-2011, 04:53 AM
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#5
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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"the economy is getting better (good news)."
Based on what?
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Rich Belloff
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02-15-2011, 04:55 AM
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#6
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Oh, and that inflation thing?
__________________
Rich Belloff
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02-15-2011, 05:01 AM
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#7
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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I won't grow up,. I won't grow up!
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Rich Belloff
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02-15-2011, 05:03 AM
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#8
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Even the Wash Post sees this charade
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Rich Belloff
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02-15-2011, 07:13 AM
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#9
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Registered User
Join Date: May 2009
Location: Frederick, MD
Posts: 1,396
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Quote:
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Originally Posted by Brucelee
"the economy is getting better (good news)."
Based on what?
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looks like bruce went on a posting-bomb...
based on: factory orders are up, consumers are starting to spend again, GDP is up, hourly earnings are up...
not to say it's all roses of course. home prices are still abysmal, unemployment is still too high, deficit is insane...
__________________
"Speed has never killed anyone, suddenly becoming stationary... that's what gets you."
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02-15-2011, 07:16 AM
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#10
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
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Originally Posted by tonycarreon
looks like bruce went on a posting-bomb...
based on: factory orders are up, consumers are starting to spend again, GDP is up, hourly earnings are up...
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GDP numbers have been ginned up. Employment overall is flat to down. Consumers are spending because the Fed is inflating. Ditto on the wages.
That said, if you want to wager on what this looks like around election time, I am game.
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Rich Belloff
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02-15-2011, 07:16 AM
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#11
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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It will be interesting when the Fed completes QE2 and employment is still flat. Then what?
__________________
Rich Belloff
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02-15-2011, 08:07 PM
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#12
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Registered User
Join Date: Mar 2007
Location: los angeles
Posts: 193
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Quote:
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Originally Posted by Brucelee
It will be interesting when the Fed completes QE2 and employment is still flat. Then what?
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Bernanke caught a lot of flack for QE2, which runs out in June. This year's deficit was just revised up to $1.6T. The remainder of QE2 is nowhere near enough. How can we avoid QE3?
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02-16-2011, 04:10 AM
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#13
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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I know of no way to "stop" the Fed, short of threatening to scrap it and come up with a different way to regulate banks and money.
I don't see that happening.
Too bad.
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Rich Belloff
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