Here comes the economic Boom

[zzzz]

Well a Republican is now (in January) in the line of succession.

 

[Truthmatters]

United States midterm election - Wikipedia, the free encyclopedia

Toppy is right.

How many elected are actual tea party and Not R?

 

[GHook93]

The uncertainty was removed last night.
Get in the market now as the boom is coming.

LOL because getting investment advice from a self-proclaimed WHITE Rastafari pot-head makes perfect sense!

 

[topspin]

The uncertainty was removed last night.
Get in the market now as the boom is coming.

LOL because getting investment advice from a self-proclaimed WHITE Rastafari pot-head makes perfect sense!

Make that a whit Rastafarian pot-head (that's redundant) MBA who used the investment knowledge to beat the average millionaire to that goal by 10yrs.

 

[Valerie]

Here's the news Wall Street has been waiting for: In its latest move to jump start the sluggish recovery, the Federal Reserve will pump up to $900 billion into the economy.

The central bank will buy $600 billion in long-term Treasuries over the next eight months, the Fed said Wednesday. The Fed also announced it will reinvest an additional $250 billion to $300 billion in Treasuries with the proceeds of its earlier investments.

The bond purchases aimed at stimulating the economy -- a policy known as quantitative easing -- will be completed by the end of the third quarter of 2011.

Ever since the Fed first signaled back in August that it was considering a second round of monetary stimulus, dubbed QE2, investors have been preoccupied with speculating on how much the Fed would buy.

Now the verdict is in, and is roughly in line with forecasts. Mainstream estimates had predicted a total between $500 billion and $1 trillion.

"It was all largely as expected," said Calvin Sullivan, chief strategy officer at Morgan Keegan. "The markets are responding as one would expect."

The Fed also reiterated its bearish view on the stalling economy, saying "the pace of recovery in output and employment continues to be slow."

Amid sluggish consumer spending, businesses have been reluctant to hire and the economy has grown at a snail's pace. At the same time, inflation is dangerously low, causing some economists to warn that the United States may even be flirting with deflation -- a debilitating drop-off in prices and demand.

The Fed has already kept the federal funds rate, a benchmark for interest rates on a variety of consumer and business loans, at historic lows near zero since December 2008. The Fed said Wednesday that it would continue to hold the rate at "exceptionally low levels" for an "extended period."

The federal funds rate is the central bank's key tool to spur the economy and a low rate is thought to encourage spending by making it cheaper to borrow money.

Quantitative easing 2 is here: Federal Reserve - Yahoo! Finance

 

[Valerie]

This is the statement of the minutes of the Federal Open Market Committee meeting released Nov. 3, 2010.

Read the Nov. 3, 2010 Fed statement - Yahoo! Finance

 

[Zander]

wanna bet?

 

[Trajan]

I am bearish still.....

 

[Valerie]

This is the statement of the minutes of the Federal Open Market Committee meeting released Nov. 3, 2010.

Read the Nov. 3, 2010 Fed statement - Yahoo! Finance

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate. Although the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, progress toward its objectives has been disappointingly slow.

To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to expand its holdings of securities. The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings. In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. The Committee will regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.

The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to support the economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Sarah Bloom Raskin; Eric S. Rosengren; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Voting against the policy was Thomas M. Hoenig. Mr. Hoenig believed the risks of additional securities purchases outweighed the benefits. Mr. Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy.

The Federal Reserve announced plans Wednesday to pump hundreds of billions of dollars into the U.S. financial system, an expansive and unconventional new effort to try to get the sputtering U.S. economy on track.

The Fed will, in effect, print money to buy Treasury bonds - an extra $600 billion worth by June 2011 - in a bid to lower long-term interest rates. The action should make it cheaper for Americans to borrow money, take out a mortgage or refinance their house, and for businesses to borrow money in order to expand.

While widely anticipated, the move was more aggressive than analysts had expected. Financial markets were little changed immediately following the news of the Fed's new "quantitative easing" measure, as economists call the strategy.

In a statement accompanying the decision, the Fed's policymaking committee emphasized that the action was driven by stubbornly high unemployment and ultra-low inflation.

Information on the economy received by Fed members since the last policy committee meeting in September "confirms that the pace of recovery in output and employment continues to be slow," the Federal Open Market Committee statement said.

Fed to buy $600 billion in bonds to boost economy

So much for strengthening dollar...

 

[Sarah G]

14 months

We'll all be in the poorhouse by then..

 

[uscitizen]

In 14 months the right will be saying that Rand Paul is not really a conservative?

 

[uscitizen]

Here's the news Wall Street has been waiting for: In its latest move to jump start the sluggish recovery, the Federal Reserve will pump up to $900 billion into the economy.

The central bank will buy $600 billion in long-term Treasuries over the next eight months, the Fed said Wednesday. The Fed also announced it will reinvest an additional $250 billion to $300 billion in Treasuries with the proceeds of its earlier investments.

The bond purchases aimed at stimulating the economy -- a policy known as quantitative easing -- will be completed by the end of the third quarter of 2011.

Ever since the Fed first signaled back in August that it was considering a second round of monetary stimulus, dubbed QE2, investors have been preoccupied with speculating on how much the Fed would buy.

Now the verdict is in, and is roughly in line with forecasts. Mainstream estimates had predicted a total between $500 billion and $1 trillion.

"It was all largely as expected," said Calvin Sullivan, chief strategy officer at Morgan Keegan. "The markets are responding as one would expect."

The Fed also reiterated its bearish view on the stalling economy, saying "the pace of recovery in output and employment continues to be slow."

Amid sluggish consumer spending, businesses have been reluctant to hire and the economy has grown at a snail's pace. At the same time, inflation is dangerously low, causing some economists to warn that the United States may even be flirting with deflation -- a debilitating drop-off in prices and demand.

The Fed has already kept the federal funds rate, a benchmark for interest rates on a variety of consumer and business loans, at historic lows near zero since December 2008. The Fed said Wednesday that it would continue to hold the rate at "exceptionally low levels" for an "extended period."

The federal funds rate is the central bank's key tool to spur the economy and a low rate is thought to encourage spending by making it cheaper to borrow money.

Quantitative easing 2 is here: Federal Reserve - Yahoo! Finance

So big money will have another trillion or so to get their hands on?

 

[Toro]

I don't think a boom is coming.

 

[loosecannon]

I don't think a boom is coming.

I don't either. But I can't really see any reason why the Fed QE can't erect a bubble recovery like the easy money policy of 2003 did.

The timing of today's announcement reeks of politics. And we know that the politicians of both parties are very anxious to take credit for successful econ policies.

 

[Toro]

I think a bubble is coming in gold and silver.

 

[edthecynic]

Can't wait.

How long will it take?

The economy should get better the first day Boner becomes speaker just like the CON$ said the economy went south the first day Pelosi became speaker.
Same timeline applies to the Teabaggers.