Federal Reserve-Economy unlikely to improve this year

Discussion in 'Economy' started by Nova78, Jun 21, 2012.

  1. Nova78
    Offline

    Nova78 Silver Member

    Joined:
    Dec 19, 2011
    Messages:
    1,915
    Thanks Received:
    254
    Trophy Points:
    98
    Location:
    Colorado
    Ratings:
    +267
    Fed message: Economy unlikely to improve this year | General Headlines | Comcast

    The economy we've got today is more or less the economy we've got for the rest of the year.

    That's the message from the Federal Reserve, which has sharply reduced its forecast for U.S. growth. It sees unemployment barely budging in the rest of 2012.

    The Fed also says the economy is under threat from Europe's debt crisis and from the prospect of sharp spending cuts and tax increases that will kick in at year's end unless Congress acts.

    None of which is comforting for companies, job seekers or President Barack Obama, whose re-election hinges in part on whether the economy improves between now and November.

    But Obama says everything is fine.:badgrin:

    $fha_financial_condition_244x183.jpg

    $r.jpg

    $job-fair-line_gi_top.jpg
     
  2. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,680
    The Economy is never gonna' go back to that way it was after we shipped most of our Manufacturing Base overseas.

    Obama won't help, he likes "Free Trade Agreements", Romney likes them too.

    Pick yer poison.
     
  3. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    No it isn't.

    That link is not what the Fed said. That link is to things that the Comcast people said came from the Fed. This is a link to Bernanke's news conference, and here's a link to the Fed's statement. Comcast made up the quote "Economy unlikely to improve" and what the Fed actually said was--
    This all tells me more about Comcast and the Fed than it tells me about the economy...
     
  4. Toddsterpatriot
    Offline

    Toddsterpatriot Gold Member

    Joined:
    May 3, 2011
    Messages:
    26,117
    Thanks Received:
    3,650
    Trophy Points:
    280
    Location:
    Chicago
    Ratings:
    +10,060
    we shipped most of our Manufacturing Base overseas.


    [​IMG]

    We did?
     
  5. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,834
    Thanks Received:
    1,790
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,874
    Granny says, "Dat's right - here come dat double-dip recession...
    :eek:
    US manufacturing shrinks for first time in 3 years
    July 2, 2012 WASHINGTON (AP) — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

     

Share This Page