The Fed Delaying?

Discussion in 'Politics' started by Annie, Aug 9, 2011.

  1. Annie
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    Annie Diamond Member

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    Markets start to fall as no word comes nearly an hour late. I sure hope they have something, as the quiver certainly looks empty.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Remain calm...All is well.
     
  3. Annie
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    Annie Diamond Member

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    Easy for me to remain calm, I've nothing to lose. ;) It's more an intellectual endeavor in tea leaf reading.
     
  4. Annie
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    Annie Diamond Member

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    It's out:

    FRB: Press Release--FOMC statement--August 9, 2011

    At first the markets soared, now? Not so much. I'm going to read it.

    Index Value: 10,778.74
    Trade Time: 2:23PM EDT
    Change: Down 31.11 (0.29%)
     
  5. Modbert
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    Modbert Daydream Believer Supporting Member

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    The market was expecting more stimulus. They didn't get it. Now back to the panic selling.

    What they got was a promise to keep interest rates low through mid 2013.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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  7. Annie
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    Annie Diamond Member

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    Now up 30pts. Now if the Congress would tell everyone that their taxes are going to be the same for at least 2 years, perhaps some stability? Same with spending, announce freeze for a limited time, just let everyone know what's happening for some period.
     
  8. Modbert
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    Modbert Daydream Believer Supporting Member

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    If you can recognize that raising taxes may have an adverse effect on the market, then you surely can also recognize that cutting spending would have the same result.

    Congress is on vacation until September which I personally think is crazy considering what's been going on in the market. They should have immediately returned after the credit downgrade and made a compromise to get our AAA rating back. Which would have included both tax increases and spending cuts.

    Getting back our AAA rating would more than balance out the result of raising taxes in any form or cutting spending. I could be wrong though. Someone like Toro would be more likely to know the result of that.
     
  9. BoycottTheday
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    BoycottTheday CEO

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    You liberals need to step away from the control panels of State.

    To listen to you is to believe there is nothing anyone can do.

    So why leave "you people" in power if your only answer is there is nothing you can do?

    Have you tried getting out of the way yet?

    I swear to God it would work. Old saying time.

    Either Lead, follow, OR GET OUT OF THE WAY!!!!!!

    Book of freakin Duh.
     
  10. Annie
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    Annie Diamond Member

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    Getting ugly.

    Index Value: 10,633.36
    Trade Time: 2:46PM EDT
    Change: Down 176.49 (1.63%)
     

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