Federal Reserve-Economy unlikely to improve this year

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

  1. Nova78
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    Nova78 Silver Member

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    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:

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    $job-fair-line_gi_top.jpg
     
  2. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    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
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    expat_panama Gold Member

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    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
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    Toddsterpatriot Platinum Member

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    we shipped most of our Manufacturing Base overseas.


    [​IMG]

    We did?
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    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.
     

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