FED Backs out of Taper- Obama's Economy=FAIL

[Darkwind]

They should double the fed action. This is semi-good news. Like the stimulus, it's okay, but probably half the amount it needs to be to really get things going.

So, you are all for making the rich, richer?

Don't speak unless you know what you are talking about.

The QE being doubled will quadruple the crisis when it comes.

As it is, we are going to see a crisis worse than 09.

 

[velvtacheeze]

They should double the fed action. This is semi-good news. Like the stimulus, it's okay, but probably half the amount it needs to be to really get things going.

right becasue if it didn't work once, twice or 3 times just make it bigger, perfect
Thats the liberal way alright....



the QE is NOT working, it is inflating the market with phony money, they are NOT lending the money out, the whole point of the QE was to get the economy moving, they , the banks etc. have been parking that cash themselves at the fed reserve getting a quarter basis point .....now you know.

It is working, it's just not enough to work as well as it could.

Just like the stimulus that the Dems put in place after the GOP almost destroyed the economy under Dumbya. It helped but needed to be much much more.

And all the dire warnings of inflation turned out to be WRONG. Weren't Conservatives wrong enough during the Iraq War and the failed Dumbya Presidency? Do you really have to continue the wrongness streak? Do conservatives have some sort of addiction to being wrong? Is there rehab for wrongness that you idiots could attend?

 

[KissMy]

So, After dismal report on the economy and mortgage declines due to rising interest rates , the FED elects to keep the 85 billion a month bond buying alive. This after Uncle Ben said he would taper this month.

Looks like more failed Obama policies are holding down our economy. -Geaux

When did Ben Bernanke say he would taper this month? Only idiots who are informed by the Television or Media are stupid enough to believe their BS. If you read the Fed minutes it is clear we are nowhere near any of their targets triggering them to start tapering.

I bought 100oz of gold at noon. I'm up $6500.00 in 2 hours.

Here is some info

Taper Tipoff? Bernanke Hints Easing End Is Nearing

Taper Tipoff? Bernanke Hints Easing End Is Nearing

The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close.

At a news conference, the central bank chief said if the economy continues to improve the asset-purchasing program could start winding down towards the end of 2013 and wrap up in 2014.

Markets sold off aggressively on the news, with major averages dropping more than 1 percent. The five-year Treasury note hit its highest yield since August 2011 while the benchmark 10-year note breached a 2011 high.

That was in June and of course premature. The economy as a result of Obamacare and other factors is in the tank

Obama = FAIL

-Geaux

When Bernanke says qualifiers "if", "could", "towards end of year", etc it does in no way mean "Uncle Ben said he would taper this month" as you said in you OP.

Read the "Fed Meeting Minutes" & you will see they are in no way tapering until UE rate is 6.5%, Employment to population ratio improves, wages improve & inflation exceeds 2.2%. None of that is even close or even heading in the right direction, that means no taper. They in fact say they will act as the data suggest even leaving the door open for increasing the money printing. It is beyond me how anyone would say the Fed is going to taper in Sept 2013 when they have not even closed the door to increasing.

 

[iamwhatiseem]

At the end of the day...again...the economy is not doing as well as was thought, so the markets flourish.
Twice Bernanke announces economy is getting better, and the result was a sharp market decline - last time the markets fell a full percentage point.
The markets are not dependent on the economics of the country, they are dependent on taxpayer dollars to prop them up.
Argue all you want.

 

[Geaux4it]

At the end of the day...again...the economy is not doing as well as was thought, so the markets flourish.
Twice Bernanke announces economy is getting better, and the result was a sharp market decline - last time the markets fell a full percentage point.
The markets are not dependent on the economics of the country, they are dependent on taxpayer dollars to prop them up.
Argue all you want.

Indeed .. That's my point. Ben opened his mouth to soon and grabbed at skewed data indicating economy improvement, and thought said improvement would continue enough to warrant tapering in Sept. Didn't happen. It's clear the numbers they have for target are unrealistic and the economy just can't get there under Obama's anti growth agenda. They need to get out of this 85 billion a month, and know it, but just don't want to pay the price to do so

And so it goes

-Geaux

 

[ba1614]

They should double the fed action. This is semi-good news. Like the stimulus, it's okay, but probably half the amount it needs to be to really get things going.

right becasue if it didn't work once, twice or 3 times just make it bigger, perfect
Thats the liberal way alright....



the QE is NOT working, it is inflating the market with phony money, they are NOT lending the money out, the whole point of the QE was to get the economy moving, they , the banks etc. have been parking that cash themselves at the fed reserve getting a quarter basis point .....now you know.

It is working, it's just not enough to work as well as it could.

Just like the stimulus that the Dems put in place after the GOP almost destroyed the economy under Dumbya. It helped but needed to be much much more.

And all the dire warnings of inflation turned out to be WRONG. Weren't Conservatives wrong enough during the Iraq War and the failed Dumbya Presidency? Do you really have to continue the wrongness streak? Do conservatives have some sort of addiction to being wrong? Is there rehab for wrongness that you idiots could attend?

You dumb fuck, stop artificially propping this economy up by printing 85billion monthly and see what happens with inflation.

 

[Geaux4it]

right becasue if it didn't work once, twice or 3 times just make it bigger, perfect
Thats the liberal way alright....



the QE is NOT working, it is inflating the market with phony money, they are NOT lending the money out, the whole point of the QE was to get the economy moving, they , the banks etc. have been parking that cash themselves at the fed reserve getting a quarter basis point .....now you know.

It is working, it's just not enough to work as well as it could.

Just like the stimulus that the Dems put in place after the GOP almost destroyed the economy under Dumbya. It helped but needed to be much much more.

And all the dire warnings of inflation turned out to be WRONG. Weren't Conservatives wrong enough during the Iraq War and the failed Dumbya Presidency? Do you really have to continue the wrongness streak? Do conservatives have some sort of addiction to being wrong? Is there rehab for wrongness that you idiots could attend?

You dumb fuck, stop artificially propping this economy up by printing 85billion monthly and see what happens with inflation.

Indeed

All the FEDs hard work for the last 5 years

-Geaux

Sep 17, 2013
NEW YORK (AP) -- Life is good for America's super wealthy.
Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.
"Basically, the mega rich are mega richer," said Forbes Senior Editor Kerry Dolan.
Dolan noted that list's minimum net income increased to a pre-financial crisis level of $1.3 billion, up from $1.1 billion in 2012, with 61 American billionaires not making the cut. "In some ways, it's harder to get on the list than it ever has been," she said.

 

[KissMy]

Euro ECB President Mario Dragi is ready to provide another round of cheap long-term loans to banks if necessary, in a move that would keep borrowing rates low and support the fragile recovery.

 

[Claudette]

They should double the fed action. This is semi-good news. Like the stimulus, it's okay, but probably half the amount it needs to be to really get things going.

So, you are all for making the rich, richer?

Don't speak unless you know what you are talking about.

The QE being doubled will quadruple the crisis when it comes.

As it is, we are going to see a crisis worse than 09.

Yup. Its gonna be a whopper and Uncle Ben will be retired and whoever takes his place will get the heat.

It will make the Carter years looks like a walk in the park.