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So rather than dose the economy with enough poison to kill three countries they'll reduce the dosage to ONLY enough to kill two countries.
And.....call THAT progress.......
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So rather than dose the economy with enough poison to kill three countries they'll reduce the dosage to ONLY enough to kill two countries.
And.....call THAT progress.......
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Rescue the economiy after he threw it overboard prior. Why is it not shocking that Derps like Shallow applaud such things? (Rhetorical question)
He was appointed in 2006.
The spread on taper was 50-50. So unexpectedly doesn't quite capture it. At the same time, I didn't see it coming and was in the not going to happen crowd. Really, though, it's a mini-taper at best. They are testing the waters in this grand economic experiment of fucking with the people's wealth.
Hopefully it goes well. As for meeting the criteria for tapering, that's, of course, also not true. But, this is a SHallow thread. So many half truths, lies and cheerleading are expected.
Ah so you saw the news conference with Bernanke, right?
Which part was the most interesting.
Answer quick..or else I'll think you are scrambling to see the replay.
I'm at work, numbskull. I read about it as it occurred and took away the items of importance. Like tapering, how, how much, etc....
I don't really give a fuck what your dumb ass thinks, Shallow. It's like looking to a donkey for approval.
Rescue the economiy after he threw it overboard prior. Why is it not shocking that Derps like Shallow applaud such things? (Rhetorical question)
He was appointed in 2006.
Yeah, and?
He was appointed in 2006.
Yeah, and?
And..you posted he threw the economy overboard.
Your contention is that started in 2006?
Did anyone listen the Fed statement? I don't know why it still shocks when I hear such unmitigated lies from people in positions of immense power, and yet it still does. The fucking bold-faced lies on the UE number and inflation were a slap in the face to anyone unwilling to swallow the bullshit we are constantly fed. Really disgusting.
You make it sound like this is something new. The UE and inflation indeces #s have been distorted and statistically skewed for decades now. it's just gotten really difficult to hide it in recent years and now its common knowledge.
Yeah, and?
And..you posted he threw the economy overboard.
Your contention is that started in 2006?
My contention is he was clueless about the crisis. Completely. Utterly. Clueless.
And..you posted he threw the economy overboard.
Your contention is that started in 2006?
My contention is he was clueless about the crisis. Completely. Utterly. Clueless.
So was BushII.
My contention is he was clueless about the crisis. Completely. Utterly. Clueless.
So was BushII.
Which, on Planet Liberal, makes it all good 'cause you all know that two wrongs make a right. Like the Chinese brothers who invented the curly light bulb. Neither could do it on their own 'cause everybody knows it takes two Wongs to make a Light.
it wont have much effect. But that remains to be seen. they are clearly testing the water of turning off the faucet. It is a stimulus. A monetary stimulus. See, unlike MMT chartilists, it is believed (through ecomomic law) the federal reserve buying assets with money it creates out of nothing and using accounting tricks still adds to the monetary base.
Yeah, and?
And..you posted he threw the economy overboard.
Your contention is that started in 2006?
My contention is he was clueless about the crisis. Completely. Utterly. Clueless.
it wont have much effect. But that remains to be seen. they are clearly testing the water of turning off the faucet. It is a stimulus. A monetary stimulus. See, unlike MMT chartilists, it is believed (through ecomomic law) the federal reserve buying assets with money it creates out of nothing and using accounting tricks still adds to the monetary base.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
it wont have much effect. But that remains to be seen. they are clearly testing the water of turning off the faucet. It is a stimulus. A monetary stimulus. See, unlike MMT chartilists, it is believed (through ecomomic law) the federal reserve buying assets with money it creates out of nothing and using accounting tricks still adds to the monetary base.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
Amazing isn't it?
it wont have much effect. But that remains to be seen. they are clearly testing the water of turning off the faucet. It is a stimulus. A monetary stimulus. See, unlike MMT chartilists, it is believed (through ecomomic law) the federal reserve buying assets with money it creates out of nothing and using accounting tricks still adds to the monetary base.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
it wont have much effect. But that remains to be seen. they are clearly testing the water of turning off the faucet. It is a stimulus. A monetary stimulus. See, unlike MMT chartilists, it is believed (through ecomomic law) the federal reserve buying assets with money it creates out of nothing and using accounting tricks still adds to the monetary base.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
Said while flecking off ashes from his tweed jacket in the teachers lounge.
The proof is in the pudding. I care not about above the line balance sheet details and the myriad of balance swaps etc. - rather what happens at the end. What is the result of said policies.
The result has been two record Wall Street years, record bonus options in the nations central banks and the top 7% have realized a 28% earnings increase. While the rest have seen a 5% earnings deficit. The policies of this administration have clearly-clearly been geared to benefit the top tier while ignoring the rest.
And Shallow applauds this.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
Amazing isn't it?
It's truly amazing.
LOL @ Economic law.
And no, genius, QE is an asset swap. The FED takes one type of asset - a US Treasury - and swaps it out with reserves in the banking system. The only end game is that the private sector has interest taken away that it could have earned on said Treasury, which would be more than the 0% it would have earned with a cash balance. It's a change in the overall asset composition and term structure of government liabilities. Get this through your thick skull: there is zero increase in non-government net financial assets. There is no new $$$$ added to the economy, but there's an increase in liquidity as longer-term government securities are brought onto the government's balance sheet. Bank reserves thus increase as bank assets.
This is the seventh time I've tried to explain this to you, two of the times were in painstaking detail.
Said while flecking off ashes from his tweed jacket in the teachers lounge.
The proof is in the pudding. I care not about above the line balance sheet details and the myriad of balance swaps etc. - rather what happens at the end. What is the result of said policies.
The result has been two record Wall Street years, record bonus options in the nations central banks and the top 7% have realized a 28% earnings increase. While the rest have seen a 5% earnings deficit. The policies of this administration have clearly-clearly been geared to benefit the top tier while ignoring the rest.
And Shallow applauds this.
I'm not a teacher.
The results of QE are negligible. It didn't work in any meaningful capacity, in terms of the desired outcome.
The situation you describe are a result of Congress approving the bailouts, control fraud, deregulation, securitization schemes of all flavors, inadequate and impotent social programs, and many, many, many other factors.