“It’s a slow train wreck coming and we all know it’s going to happen,”
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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. |
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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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! |
"the economy is getting better (good news)."
Based on what? |
Oh, and that inflation thing?
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I won't grow up,. I won't grow up!
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Even the Wash Post sees this charade
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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... |
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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. |
It will be interesting when the Fed completes QE2 and employment is still flat. Then what?
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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. :barf: |
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