“It’s a slow train wreck coming and we all know it’s going to happen,”

[Brucelee]

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...

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.

[Brucelee]

It will be interesting when the Fed completes QE2 and employment is still flat. Then what?

[brp987]

Originally Posted by Brucelee

It will be interesting when the Fed completes QE2 and employment is still flat. Then what?

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?

[Brucelee]

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.