world stocks fall as Feds do no stimulus

Discussion in 'Economy' started by Truthmatters, Jun 8, 2012.

  1. Truthmatters
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    Stocks fall as Fed chief disappoints on stimulus - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

    MILAN (AP) - World stock markets dropped Friday after the U.S. Federal Reserve chairman disappointed investors that there would no immediate action to jump start the world's largest economy, wiping out any gains from China's surprise interest rate cut.

    In an appearance before members of the U.S. Congress, Ben Bernanke avoided giving any signals about what the Fed might do in response to a slowdown in hiring. The 69,000 jobs created in May were the fewest in a year. And China made its first interest rate cut in more than three years, but not enough to excite market interest.

    Markets, instead of reacting to the cut, were also bracing for the possibility of glum economic data from China over the weekend.
     
  2. Truthmatters
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    so if stimulus is what the market is cryng out for why is the right against it?
     
  3. KissMy
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    The Fed is pushing on a string. China has stimulus bullets left & fired one a couple of days ago. it only gave a 2 day pop in the market. Today is going to be major down. Europe needs to do something.
     
  4. Papageorgio
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    I haven't seen the stimulus work anywhere not the nine times they did it in Japan, not any of the European countries, here in the U.S. China tried a very small one and is doing better than the rest of the world, maybe cutting government spending and lowering taxes for everyone will work, we haven't tried it yet.
     
  5. Rat in the Hat
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    Rat in the Hat Gold Member

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    [​IMG]
     
  6. kwc57
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    kwc57 BOHICA Obama

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    Because it treats the symptom and not the disease.
     
  7. tjvh
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    tjvh Senior Member

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    I guess the theories that the Right is nothing more than wealthy big business people has been blown out of the water... Thanks.
     
  8. iamwhatiseem
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    iamwhatiseem Gold Member

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    Isn't it great how the Truthsmatters's of the world make such fools of themselves?
    In what world does a liberal like TM think that it is good to transfer everyday American taxpayer money to the wealthiest and most corrupt corporations in the world?? :eusa_eh:

    This just shows you the level of retarded bias and blind stupidity of some people. The past stimulus gave $100's of billions of taxpayer dollars directly to the very corrupt institutions that created the mess - and liberals are mad they don't do it again??:cuckoo:
    Keep in mind the TM's out there scream about the lack of regulations, and everything is due to an unregulated market...but get mad that they don't fork over $billions to this very market with no strings attached....just hilarious.
    Bizzaro world.
     
    Last edited: Jun 8, 2012
  9. Paulie
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    Stimulus is what INVESTORS are calling for because it increases asset pricing.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    "Stimulus" is a Federal Reserve "Gift" to Banks, some of them foreign, to play the stock market with. About 7.7 Trillion since 2008.

    When they realize there won't be any "free money" to play with, of course the markets fall. That's the real economy.

    Even Al Capone knew the Market was rigged and stayed out of it.
     

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