Fed: Quantitative easing now, quantitative easing tomorrow, quantitative easing forever

Come on November. Come on Romney.

There is a lot of chatter that the economy will collapse if Obama is reelected. While some state that is outrageous lunatic talk from the far right fringe, I’m not as sure as they. The first hint is, its illegal for you or I to print money.

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I think I will bury my green back assets in a can under the apple tree. The interest paid will be the same as now and the apple tree is safer.

Print print as we go, merrily down the stream.
Money now, as we know, is only just a dream…

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Now this is when I would expect, even Democratic voters to be upset. Why? Because the “credit” goes to the financial sector when:

Released Wednesday, the study found that 821,000 households opted out of the banking system from 2009 to 2011 and that the so-called unbanked population grew to 8.2 percent of U.S. households.

That means that roughly 17 million adults are without a checking or savings account. Another 51 million adults have a bank account, but use pawnshops, payday lenders or rent-to-own services, the FDIC said. This underbanked population has grown from 18.2 percent to 20.1 percent of households nationwide.

That creaking sound you hear is our economy on the verge of collapse.

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Democratic voters are their party’s pawns.

UnFRICKINbelievable!!!!!

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” It’s unclear what, if anything, comes between the panic button and the white flag.”

Pretty sure it will be diminished purchasing power for all.

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Obama & his adm. have awaked every morning for the past 4 years & faced the same problems & have tried to deal with them with the same solutions & have come up with same results & woke up every morning & faced the same problems………………….at the same time quoting Scarlett O’Hara, “…After all, tomorrow is another day.” “…fiddle-dee-dee…”

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“…The Fed said it will increase its purchases of mortgage-backed securities by $40 billion a month until employment improves.”

Then kyle adds his take on this:
The inevitable devaluing of the dollar — the prices of gold, silver and several other commodities spiked in the minutes following the Fed’s 12:30 announcement — means our savings will lose value. This is the destruction of future wealth in the hopes of creating some current economic growth.

“our savings” can mean several things, e.g. the value of our homes and our equity in them. By purchasing agency backed mortgages $ is being made available to buy vacant, foreclosed homes that are a blight on a neighborhood and drive down values, hence equity, hence savings.

kyle states: “Fed said its asset holdings will increase by about $85 billion a month through the end of this year. And the money-printing may not end there” This is kyle being disingenuous or worse just misleading. What he fails to point out is that half of the $85 is coming from the principal payments on the MBS the Fed already owns. In other words, it is like a stockholder who forgoes a dividend check every quarter, instead opting to reinvest the dividends. The money is not coming directly from the pocket of the investor. Finally, the Fed states that inflation is in check and not an immediate problem, thus the spike in precious meals is unfounded and will likely reverse.

kyle states: “In that respect, it is no different from increasing the budget deficit even further to fund even more Keynesian spending.”

As opposed to what? cutting taxes as the repubs desire won’t increase the budget deficit? We’ve cut taxes and the only result is jobs are created for Swiss bankers and not for Americans. The tax cuts have not gone into job creation or wealth creation, they have gone to Bahamian and Swiss banks and to purchase precious metals.

This reporting is lacking in so many aspects, but, what can you expect from the librul media.

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It is a losing proposition. The fact of the matter is, returning to the gold standard is the only option that would work, with this creating more money devalues all the money now in circulation. What will they think of next, I hope it is not devaluing free speech, our fundamental right What would we do, just keeping our opinions to ourselves?

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“The stock market disagrees with you.”

The stock market was roaring on October 23, 1929 too.

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Just think how much better off we would be if we hadn’t wasted all that money in Iraq.

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Obama will get my vote because he is cool and loves gay people and knows ScarJo and was sort of poor once and is not a yucky old white guy and can play basketball and golf at the same time and Clooney likes him and he will give me a free abortion and some food stamps!

Strawman

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@Kyle…”Excuse me: essentially worthless”

Mortgage Backed Securties in today’s market are not worthless…in fact, given the potential for appreciation in real estate, they are likely at their prime buying opportunity.

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I’ll make this short, Kyle. If you had any inkling of how micro and macro economics work you would not have written this article. If the economy were operating at 90+% of capacity this would be a rash move. It is not and it is the right move. You guys keep worrying (and fear mongering) about inflation. Inflation is not a problem and won’t be until the economy rises consistently above 3.5%. What was disastrous was cutting taxes while taking on two wars (called guns and butter) and the bozos who thought the housing bubble would last forever. We are still reeling from those.

Also if you know your economics, while the federal government was trying to stimulate the economy, state governments were working, by constitutional mandates to balance their budgets, in the opposite direction, GA being a good example. If the feds pumped a $billion in and the states took a $billion out you have a net zero, in other words no stimulus.

So I say to you the Federal Reserve has no other options but to pursue QE. And I also believe if this were happening under a Republican president you wouldn’t utter a peep.

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And I also believe if this were happening under a Republican president you wouldn’t utter a peep.

That you can be assured of.

When Republicans are ruining the economy while in power.

There is an excuse around every corner.

Wanna know why Republicans hate the Government.

Because they suck so bad at running it.

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You guys are making my head hurt! Can’t we talk about how pretty Michelle’s dress was last week instead? And how she inspired me to eat only free-range spinach?

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Whiney says…”Buying an election using the money of future generations, nice, really nice.”

You’re absolutely correct. When Bush gave us all $600 a piece to vote for him I thought that was despicable. Especially since that was all funded by a loan to be paid for by future generations.

That’s certainly NOT the same as buying Mortgage Backed Securities.

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@Kyle, what this really amounts to is the Fed sucking up safer investment vehicles and forcing other investors toward “riskier” ones. i.e. business loans, car loans, home improvement etc…

If and when (we hope) those markets overheat you simply turn around and flood the market with “safer investments” maybe at a slight discount.

Kind of like hitting the gas or the brake.

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@Kyle…if this were to start to become a problem what you would see is the $ depreciating against foreign currencies which is not happening…in fact it is appreciating.

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I wonder what Mitt would do? Today? tomorrow? The next day? None of the 3 would be the same! And that would be after no details were provided!

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I wonder what Mitt would do? Today? tomorrow? The next day? None of the 3 would be the same! And that would be after no details were provided!

Would depend on his etch a sketch that day.

On Fridays he would consult the magic 8 ball.

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Cheesy @ 2:32: This coming from a guy who voted for Barack Obama.

And damn proud of it.

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What are you paying for gas these days?

Dont you think that has a little to do with cars getting MUCH better gas mileage ?

Nah that couldn’t be it.

Drill baby Drill !!!!

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@Kyle…”OK, let’s say you’re right. How well did pushing risky MBS and other CDOs on investors worked out last time?”

The issue was the underlying asset…that should not be a problem in this. To your point if the Fed were (and they are not) buying high risk or over valued assets you would have a valid point.

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Just think how much better off the US would be if Obama hadn’t of bail Egypt out of debt last week!

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Kyle Wingfield
September 13th, 2012
2:28 pm

“wouldn’t it be a whole lot cheaper and a lot more effective to raze the excess housing?”
No, because the demand for housing has not gone down, what has declined is the ability to purchase housing, a deficiency the Fed’s policy is designed to eliminate.

“Doesn’t that presuppose that the stock in question is likely to produce future dividends and/or increase in value? What about the MBS in question makes you think that’s going to happen with them?”
As I said, the monies are coming from Principal payments of mortgages already held. With the Fed’s expansionary policy there is no reason to think that the housing market is going to crash again. bush is no longer President, remember?

Finally: When and where did Mitt Romney say he intends to reduce federal revenues?

The entire repub economic program revolves around tax cuts. Are you honestly going to say with a straight face that that will not reduce fed revenues? Surely you are not going to parrot the romney/ryan mantra that closing loopholes will do the trick, in view of the fact that neither of them, despite almost badgering questions, have yet to state what loopholes will be closed nor how much $ will be realized by it.

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kyle

With all due respect, I would think that mr. bernacke takes his job and this country very seriously and that with all his experience, princeton credentials, he really does know what he is doing and finds it necessary medicine…

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While Obama is busy fundraising, Bernanke is running the country.

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The P/E ratio is 16.77 right now. That’s not above the historical norm. Yes, it is inflationary, but you wold rather have inflation that death spiral. Europe is dying. Do you want to go down too?

http://www.multpl.com/

Those who actually know what they are talking about are happy about the move. I think I’ll go with Bernanke, MIT and Harvard graduate with a lifetime of experience in Economics, over Kyle, UGA graduate and Journalist.

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This will not help housing at all. All the A borrower’s have refinanced or purchased. All the B borrowers have been shut out of the game and until they get back in supply will outpace demand.

Notice I said B borrowers and not C, D and F borrowers who never should have been allowed in.

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This Fed action is a jobs program – totally meant to save Fed Chairman Bernake’s job by helping Obama save his. Romney previously announced he would replace Bernake.

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@Kyle…”And what made the dollar depreciate that way against the euro? Excessively low interest rates for an excessive period of time. What we are seeing here is that policy on steroids.”

Its all relative which is why the dollar is actually appreciating. The key is how are our rates compared to others…we still have room to move.

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yes, I recall the outrage at the bailouts. I was for them as well. They were needed at the time. What all the outrageous shouting showed was that those people had no clear understanding the huge damage a complete implosion of the financial markets can inflict. And the implosion of the American financial markets would not just be limited the the USA.Those who lived through the depression know. Those who lost their jobs this time around and can’t get work know.

Tell me, if there were no bailouts and no fed action where would we be today? Not a great question because it didn’t happen but let me tell you and others on this blog … you might have lost your job or business because the bubble that had accumulated over 40+ years of fiscal mismanagement, mostly by the US Congress, all came home to roost in this one. If you don’t believe me that’s o.k. But I can assure you if the fed and the Bush and Obama administrations had not acted when they did, you would be writing a much different article and it would not be pretty.

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Oh, and one more thing, Kyle. If you and your media brethren on both sides would stop the “liberal/conservative” labeling cr4p we would all be better off. It’s childish and and naive.

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But I still see no reason to believe this is any more likely to stimulate the economy than QE2 did. (It sounds as if you don’t, either.)

Oh, I think it’ll stimulate the economy in the short term (and the market appears to agree with me today). But I also think it delays some instability that will show up stronger elsewhere.

Have you read this: http://www.ritholtz.com/blog/2009/10/another-finger-of-instability/ It explains why I think that we’re in for a bumpy ride until the politicians stop tinkering with tax codes and deficits to save their political behinds, because the longer instability is delayed, the worse it’ll be when it happens.

I’d rather we go cold turkey at the end of the year and get our economic future back under control in a blizzard of bad news that will take 2-3 years to work through instead of delaying it further so that it takes longer to resolve.

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@ByteMe…”BTW, I think the Fed is doing the wrong thing for the wrong reasons,”

I will say that I am not sure if this will work or not…it has a better chance that QE2 and maybe not as good as QE1. That said I don’t think that it has a lot of risk. Better to try and see than to not try.

Frankly, I think some sane resolutions to various issues by Congress would go a lot further to create an environment that fosters economic stablity and growth.

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Jm

As I am sure you know this will be going on for years to come.

While I understand the the US must “roll the dice” at times and support despots, it hasn’t been a huge success story to do so.

Calling out one despot, while supporting others is easy PR for the radicals to feed their flocks. Of course most do not need anything except their own hatred, but it is fuel on the fire.

Anyone thinking that the US calling our the Iranians for their bs, while going silent when the Saudis crushed uprisings in their own country and Bahrain is a winning hand……………. I have news for them.

Awhile back a blogger (bless her ill informed heart) a KWs attempted to tell me that uprising didn’t even take place in Saudia Arabia. Said I was basically a liar. When I showed her not only did they occur but people were killed, she went to the TBS in anti American card.

Of course she became real angry when I laughed at her ignorant @$$.

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Kyle

My apologies

Wrong blog

Excuse me for that one.

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My 3:08

Much different, not much like

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I don’t think Romney or Ryan ever said you could balance the budget that way. They’ve said all along that spending would have to be cut, and that entitlements have to be reformed so that they are affordable.

Just no cuts in defense spending. Right

After all Russia is our number 1 enemy.

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ByteMe posted “you can’t close enough loopholes, destroy enough deductions, eliminate enough exemptions to even come close to balancing the budget without a tax increase or other serious cutting of entitlements that poor people are relying on to get to the next paycheck.”

Nobody said the budget would be balanced over simply closing loopholes, and limiting deductions/exemptions. That is only part of Romney’s plan along with reducing tax rates and expanding the tax base which are initially meant to be revenue neutral, before spurring the economy to create an increase in net revenue. Cutting spending is the major piece of a long term plan to eventually balance the budget.

Liberals like to think increasing taxes is the answer as if people won’t react and reduce their productivity. Taxes are at the highest percentage of GNP since WWII, and are not going to be raised yet higher – that is just a talking point, class warfare, populist issue that the Democrat President, Democrat Senate, and (former) Democrat House used, but refused to change. Even the current Democrat Senate refused to pass a “Buffet rule” tax increase on those earning over $1 million per year.

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“Still not too late to buy gold and silver.”

Does it really come in 10 days or less?

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It’s real simple, folks. You keep putting air into a balloon, it eventually pops. It’s no more complicated than that . . .

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‘Drill, Baby, Drill!’

‘You didn’t build that!’

When these are the campaign slogans of a major political party, you get cheerleaders like Wingfeld (I spelled it right) who look for any opportunity to write something negative about the opposing party. And voting for Obama hardly equates to the disdain one should receive for casting a vote for Newt.

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Testing to see if I’ve been banned. My last comment didn’t show up.

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Hasn’t the “obumer” economic recovery been fantastic. Why it has been so impressive the FEDs’ just can’t seem to pump it up enough to resuscitate the “obumer” economic recovery.

Class dismissed liberals.

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Kyle

Thanks for informing those who either are ill informed or are so quick with a talking point that they decide facts are useless.

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Anybody who looks at actual numbers, rather than just watch Fox or listen to Rush, knows that economy is much better today than it was on Jan 19, 2009, Bush 2’s last day in office. If you don’t believe that, why not sell your investment portfolio for the Jan. 19, 2009 price and donate the growth to charity. Don’t have an investment portfolio to sell? Well, then what in the world makes you qualified to comment on the economy? Trickle down screws those who get trickled upon.

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I demand@3:23, I stand by what I said. The unemployment rate was 7.8% in 1/09. Yes, it went to over 10%. It’s 8.1% today. Simple math.
Obama & his policies have not created one single, solitary NET job.
If you look at the entire unemployment picture, you will see that the labor participation rate is the lowest it’s been in 32 years. If it was the same today as what it was when the recovery began in 6/09, the unemployment rate would be 11.2%. If you add the involuntary unemployed, it would be 19%.
The unemployment rate under U6 is 14.7%.
There’s been 8 million people that have dropped out of the labor force since O took office. There’s 12.5 million people who are unemployed.
We are at depression levels numbers.

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Im glad I held on to my $100 trillion note from Zimbabwe’s hyper inflation days. Maybe the Treasury can use it as a template.

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This is ridiculous. If you save, you are punished. If you spend, you are rewarded.

The left continues to ’spread the wealth’ by taking away from those that have it (devaluing dollar).

From those according to their means to those according to their needs (or something like that) —- Karl Marx

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Yes, Kyle, you are right, Obama doesn’t “control” the Fed. I’m sure that if the Fed did something that displeased you, you’d be quick to claim he did, but he doesn’t. Of course, Obama’s had to fight tooth and nail for a sane economic policy – against the likes of Mitch McConnell (R – Kentucky) who have publicly stated their number one goal was to limit Obama to one term – not help spur employment, fix our infrastructure or lift a finger to improve the economy – just get rid of Obama. What a prize American. When one party wants the country to fail so they can get the incumbent out of office, it’s really hard to make progress.

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Linda, if you look at a graph of private employment, you’ll see that after a few months of continued downward movement after Obama took office, employment rates have consistently improved. Now, with governments looking to cut costs, public sector jobs have continued to go down, but there has been real improvement in the private sector. Of course, you’ll need to look at some real numbers to see this, not just go with Fox’s talking points.

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Everyone knows the way out of this is to cut taxes on the 1%ers. This takes time but after 12 years or so we should see results. Hold on, only a couple more years and the trickle down will begin.

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Rafe

Is that speculation to feed your narrative or do you have anything to back that up?

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“in fact, given the potential for appreciation in real estate”

I do believe it was that same potential that caused the last problem and why many of us are upside down……

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That is not necessarily true Shawny.

If you get a relatively poor worker a job, he must spend the money. He must put it into circulation to survive.

A better off person with a tax cut can send his money overseas, as they often do. Or, they can save it. You many saving is great…and it usually is…but not now.

We have a money glut right now. Money is cheap and it’s pentiful. It’s just not circulating. If you want money to circulate, give the poor and middle class jobs, and you’ll get the multiplier effects.

The Bush tax cut did zero for America. All it did was help the super rich get richer. I sure didn’t help the economy. People need jobs to keep up their skills too.

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Kyle

Bernake and the FED could certainly be making a mistake as you have asserted. They are certainly not all knowing and the economy is fluid with many variables playing a part, some at a higher degree than others at any given time.

Heck Greenspan basically admitted that some assumptions the FED made during his reign played a role in this last and current down turn.

http://www.youtube.com/watch?v=PWen53eqmJo

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At least Russia looks out for #1. We try too hard to appease the world while Russia laughs at us behind our backs.

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Linda, I think you need to read up on how foreign aid actually works. There are books on it in the library. Most of the money comes back to us in droves and is linked to some specific trade law or program.

There is some money that we send overseas that never comes back. This is for food and humanitarian assistance to really poor nations.

However, most of our foreign assistance is money well spent, it’s not just thrown away. Of course, we always need to review our programs to make sure they are not being abused. That’s just good government.

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Democrats hate freedom…especially economic freedom. If all else fails, bankrupt the entire system and then demand “the rich” pay for it since it was “their fault”.

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By the way, I agree with you Linda that our money is not being spent well in Haiti, and that includes the private money too.

Haiti just does not have a functioning system at all. They don’t have a functioning government really.

So much of the money is still waiting to go down there. It’s tragic, but it’s a broken society and very difficult to put a rational program in place in short order.

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…were they all this stupid?

http://www.youtube.com/watch?v=cxE-lGK_OZU

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TBS, Silence is confirmation that Barry has no problem with Bernanke’s action. Anyone who thinks that Bernanke did not divulge his plans to the WH some time ago is not rational. He has floated his plans to the press for the last three or four weeks. Barry had plenty of time to voice his opposition, if he wished.

The Dems continuing to pretend that Russia is anything but a rival on the world stage, and pretending that they are not working behind the scenes to make our foreign policy fail, is irrational. Maybe they want to try the “reset” button again.

China and Russia have pretty much opposed our actions against Syria, N Korea, and Iran at every turn, for no reason other than, it benefits us and helps their standing with these small countries that share their hatred for America.

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Is that so? I think you have been listening to too much Faux News.

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look@3:39, Don’t forget that there was a Dem. House, filibuster-proof Dem. Senate & Dem. White House for about 2 yrs. The Dems. did not need the Reps. to pass anything.
If the Reps.’ #1 goal was to limit Obama to one term, is it fair to say that Obama’s #1 goal was to serve 2 terms?
I am totally convinced that Obama is intentionally destroying the country.

look@4:03, Do you dispute one statistic that I quoted? My numbers came from BOL.
There’s been job losses & gains, but the losses have been greater than the gains. Not one single NET job has been created under Obama. That’s a fact. It’s simple math. 8.1% is a bigger number than 7.8%. Got it?

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” If you don’t believe that, why not sell your investment portfolio for the Jan. 19, 2009 price and donate the growth to charity.”

Well, when corps cut millions of employees from their payrolls, it is usually safe to say their value will go up as their expenses go down………

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“Valdimir Putin said yesterday and he will oppose the NATO missile shield for Eastern Europe now because of Romney’s remarks. ”

Putin’s opposed it since it’s inception……..he was never going to approve it unless he controlled it. So that’s a bogus excuse…..

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Rafe

And let’s say he agrees, until you have substantiation that he made the Fed do this, you have your conspiracies (which are many) and not much else.

To your point he has been silent or will say great, but you know as well as I know that no President is going to denounce it in public.

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“If the Bush tax cuts did what they claimed they were supposed to do the U.S. would have the best economy in the world right now. ”

OR, they kept us out of depression……it’s all a matter of perspective. Take all that money out of the pockets of the consumers and then where do we stand??

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MHS

Did anyone say today that it was Bush’s fault or did you just need a bogey man to attack and make yourself feel better?

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MarkV @ 4:14 pm:

Hussein has told the Russians that he “will have more latitude after the election”, and I still wonder what kind of deal he is offering them?

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Kyle, if what the Fed did displeased you, are you going to give back your stock market gains resulting from this action. That seems like the principled thing to do.

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“The Republicans in Congress have done everything they can to block Obama’s programs Linda”

Again, a matter of perspective. The house has passed numerous bills that go to the Senate to die……so there are 2 sides to the story. Obama has allowed politics to sway him a bit too much as evidenced by Woodward in the deficit deal…….an agreement was reached and then he goes back and asks for more due to political expediency? That’s like a used car salesman agreeing to a price and then charging you $500 to drive it off the lot.

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http://www.washingtonpost.com/business/economy/ending-bush-tax-cuts-for-rich-would-save-just-28-billion-in-2013-analysts-say/2012/07/19/gJQAW0m0vW_story.html

All told, the Republican measure would add $300 billion to next year’s budget deficit, the JCT said.

A competing Democratic proposal to extend the Bush tax cuts only on income under $250,000 would increase the deficit by about $223 billion next year. Democrats would devote an additional $27 billion to extending a variety of other middle-class tax cuts, including a credit for college tuition and an expanded credit for the working poor, bringing the total cost of the measure to about $250 billion.

250M/300MX100= 83.3%….. dang I said 85%, guess I was wrong!

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Buzzy@4:26, If I had not read up on foreign aid, why do I know all those statistics?
If you gave your paycheck to the poor & needy rather than paying your mortgage or rent & putting food on the table for you family, would that make you a humanitarian?
If you sold everything you owned & sent a check for the lump sum to Oprah Winfrey or Eli Manning, would that be money “well spent?”

Buzzy@4:32, Short order? It’s been 3 years since the last earthquake. What the US needs are diplomats like my parents were. They meant business & what we need in the White House is a businessman.

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Remember when the economy was based on reality, rather than play money?

Soooo four years ago.

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The last thing the White House needs is Romney. The GOP again should quit with the BS and get a real person instead of a wax museum poser.

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Yes, it was all about that movie:

“The attack that killed four Americans in Libya, including the U.S. ambassador, was an organized two-part operation by heavily armed militants that included a precisely timed raid on a supposedly secret safe house just as Libyan and U.S. security forces were arriving to rescue evacuated consulate staff, a senior Libyan security official said on Thursday.

Wanis el-Sharef, eastern Libya’s deputy interior minister, said the attacks Tuesday night were suspected to have been timed to mark the 9/11 anniversary and that the militants used civilians protesting an anti-Islam film as cover for their action. Infiltrators within the security forces may have tipped off militants to the safe house location, he said.”

http://www.ajc.com/ap/ap/crime/libyan-attacks-said-to-be-2-part-militant-assault/nR9kG/

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Rafe

One like me that will call out your usual bs.

Yes, you can count on it

Now carry on with your conspiracies………

And as I noted earlier to Kyle, he could be correct and this FED action does little to nothing. Heck it might even exasperate some problems

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Here is but another example of foreign policy incompetency. The White House, the State Department and Democrats in congress can’t get on the same page in public about Egypt.

http://www.foxnews.com/politics/2012/09/13/state-department-corrects-obama-says-egypt-is-ally/

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” So when your man Mitt goes and starts a war with China or Russia what happens to the dollar and all those phony t-bills?”

May be a matter of when vs if. China and Russia have been calling for another reserve currency for awhile now, and China has been buying tons of gold in an effort to push their own currency as a reserve currency. You can bet your sweet bippy that China will push even harder now that Bernanke has devalued their holdings………..

http://www.aljazeera.com/indepth/features/2011/09/201199175046520396.html

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Buzzy@4:35, We’ve already spent trillions of dollars in “big fiscal stimulus programs,” one of which was the single largest spending bill in the history of the world. Why don’t we try something different? Oh, I know! Why don’t we take Bernake’s new stash, hire a bunch of private pilots to fly around the country & just throw money out the windows?

Buzzy@4:41, Democrats have selective memory. The Bush tax cuts did exactly what they were intended to do. The unemployment rate fell under Bush & was 4.6% average during both ‘06 & ‘07, more than half the rate it went to under Obama in Oct., ‘09 @ over 10%. The Bush tax cuts cost the US nothing! It’s Obama’s policies that are preventing companies from hiring, the unemployment rate high & therefore the tax revenues from coming in.

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Linda

Actually the housing bubble played a significant part in the economy of which you speak, no much unlike the Clinton years with a higher tax rate but fueled to an extent by the dot.com bubble

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Linda, most libtards have a protective armor which prevents them from acknowledging, much less understanding, the facts about how our economy performed after Our President Bush’s tax cuts were implemented. Tax revenues went up, unemployment went down, and economic growth picked up. All of these are easily retrieved numbers. Libtards are in denial–it’s called cognitive dissonance. They’ve been telling each other stories for so long that they’ve lost touch with reality.

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Who’s talking about the 90s? Please pay attention.

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Barry

I’m not sure what the answer is, but did those revenues go up higher in proportion to what the historical measures are against GDP?

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If tax increases are what we need, as Obozo claimed during the 2008 campaign, why didn’t he raise them? He said at the time that he wouldn’t even wait until Our President Bush’s tax cuts expired–he was going to end them early. He had the votes to do it. What happened?

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Check the google, TBS. I do it all the time. It isn’t difficult.

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Barry

I know the answer. Do not be scared to see if for yourself

Just seeing if you would deflect, ignore or post more bs

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As usual, the loudest voices are the most ignorant. Here’s the basics, but if you don’t get it already chances are you never will. The two party system is a scam, designed to distract you and conceal that your vote makes no difference. The elite are destroying the system on purpose. It allows them to consolidate their power and buy up assets on the cheap, while simultaneously reducing their obligations to their older workers that are no longer as productive. This strategy has been repeated so many times throughout recent history that it’s amazing that it isn’t obvious to everyone. If you think anything other than what I just wrote, you are missing what should be obvious by now.

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“Still not too late to buy gold and silver. Get out of Federal Reserve Notes as quickly as you can. ”

These wingnuts are why there is a gold and silver bubble.

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MD: Take all that money out of the pockets of the consumers and then where do we stand??

JDW: Maybe with fewer bad housing loans, less of a bubble, more shallow recession, lower debt and deficit.
——————

Pretty much sums up the liberal fascist approach to government: “people are stupid, bureaucrats are smart. Government knows best how to spend your money. Just keep earning it and handing more of it over to us.”

A.K.A. “slavery”

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You’re welcome, TBS. I try to help libtards understand basic facts whenever possible. Let me know if you need any help in the future.

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“Maybe with fewer bad housing loans, less of a bubble, more shallow recession, lower debt and deficit.”

They weren’t disclosing their worth anyway, so doubtful on the housing, and if consumers have less to spend it’s also quite doubtful the recession would have been more shallow, probably just the opposite. And lower debt and deficit? Thanks for the chuckle on that one……we send it to DC it WILL get spent.

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I didn’t do your work for you because it didn’t interest me. And because I didn’t want to be an enabler for your lazy Democrat entitlement mentality. Obozo might have nixed the work requirement, but I haven’t.

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Remember when the economy was based on reality, rather than play money?

Soooo four years ago.

The economy from four years ago????????????????

This sucker could go down. ~George W. Bush, September 26, 2008

(Whatever you are on, BB, I want some!)

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There is at least one good thing one can say about the Romney/Ryan campaign – it often makes us laugh. And laughing is supposed to be good for our health.

The latest comedy routine I have witnessed was Paul Ryan’s interview on ABC’s “This Week” on Sunday. There Ryan was confronted with Clinton’s critique of Romney/Ryan’s $5 trillion tax cut plan, where Clinton charged that it would cause middle class families’ taxes go up by eliminating deductions, or cut the programs that help to empower middle-class families and help poor kids.

Then it went like the following, paraphrased:

Not so, disagrees Ryan, those charges have been discredited; there were five independent studies …

So how will the plan work?

By eliminating loopholes.

Which loopholes?

That will be up to Congress. “We want to have this debate with Congress. And we want to do this with the consent of the elected representatives of the people, and figure out what loopholes should stay or go and who should or should not get them.”

The laugh track was missing, but can anybody take this guy seriously? He already has five independent studies, which show that his plan will work by eliminating loopholes, which are yet to be determined by Congress.

And the comedy was not yet over. Ryan seriously proclaimed: “… we want to have this debate in the public.” And how does he want to do it? By not telling the public what his plan is. Hilarious.

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Jam

He know enough to regurgitate the talking points he has allowed himself to be brainwashed with, but once you get past the surface…… it is all over but the crying

He is a shallow water guy. Deep end is off limits for him.

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Speaking of shallow water guys, how’s Obozo’s economic plan working out?

How’s that Nobel Peace Prize working out?

Failure on all fronts.

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Lil Barry: Tell us, if you please, what was the federal deficit on January 19, 2009?

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BB, the point is that YOU calling anyone a failure is well………………….. I’ll be gracious here and say ironic…

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“The laugh track was missing, but can anybody take this guy seriously? ”

Yes……it matters not which loophole is eliminated if there is a number associated with the loophole…and if that loophole has not yet been identified, it is also a bit hard to say the middle class will be the ones paying for it. As it stands now, many have their hands up voting for the other guy to pay for it, so we’ll have to wait and see.

If one recalls, we ALL got tax cuts……….

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MarkV @ 6:33 pm:
I fail to understand how he would have more flexibility AFTER the election than BEFORE . . . if he was acting within the law and under the Constitution. But then, I’m not nearly so wise as you . . .

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Jam on it….Jam on it…..you’ve never been gracious. Anyone who disagrees with you must me clueless, right?

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“He know enough”….Nice wording. I could take ebonics and put together a better narrative…….

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I think the banking de-regulation that began in the 1970’s was one of the worst things that ever happened.
———————-

De-regulation works a lot better when there’s no actual or implied taxpayer bailout available when things go south. Folks tend to pay more attention to their money.

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They both@5:50, 5:53, 6:17, etc. Here is a chart of revenues, outlays, deficits in both current & ‘05 dollars & as % of GDP from the whitehouse website. Pour over it all you want.

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I know that Obozo’s added as much to the national debt in 3+ years as Our President Bush did in eight.

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cc

September 13th, 2012
6:40 pm

If you are looking for a intelligent discussion from MarkV then you my freind are barking up the wrong tree. He/she will always be nice and seems very educated but will never give you a firm opinion. Only tell you how your opinion is wrong but will never really state his/her’s.

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Dow up 206 on the news……whine whine whine whine

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Yeah, let’s do what we did before that hasn’t worked.

The definition of insanity is doing the same thing over and over and expecting different results.

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Enter your comments here

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as for the repubs standing in the way where is a budget from the Senate? There has not been one in 3 years.

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Finn, you haven’t figured out that more dollars chasing the same investments makes the price go up?

I thought you were the economics guru?

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Linda

I didn’t say revenue didn’t go up, but a quick peruse proves my point and what I already stated. That increase didn’t out perform historical norms against GDP, when there were higher rates. No different when rates went up in the 90s and revenue went up as well. Those increase as well were within the avg when looking at historical rates.

Any increase or decrease must be viewed along with the other variables that are taking place at any given time.

Thanks for the exchange.

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Too bad you just outed yourself as an economics know-nothing.

Hey, now you have something in common with your Idiot Messiah!

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Some of us have better things to do tthan troll on a blog all day, Finn.

Unlike you unemployed leeches.

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“We are in a currency war with China now and losing badly.”

And the sad part is we are complicit……..we thought we could tap into billions of new consumers and they turned the tables on us………

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There are more people on food stamps than there are stockholders. Exactly how is the stock markets increasing value going to help Shameka feed her little tykes?

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Romney’s plan to rev up the economy? Once he signs polygamy into law and men take on 5 more wives, the weddings alone would add a spark. When you add in buying 5 more houses…

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Here’s a novel idea…why not just pass the jobs bill? It would create jobs, which in turn brings purchasing power and much needed revenue. Don’t think it would work? Ask any municipality, city, county, state government and I’m sure they would agree that it would be aa very good thing. How about this, let’s go single payer, we all pay into it and we could have health coverage for all and take the costs off the business owner. Just a thought……..well, as long as a Democrat is in office, the ReThugs will oppose, even if it IS in the best interests of the country and it citizens….

THE GOP….ONE MASSIVE FAILURE! AND TONE DEF TOO BOOT!!!

OBAMA/BIDEN 2012

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Tax cuts now, tax cuts tomorrow, tax cuts forever.

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The ME has been a boiling cauldron for sometime and now it’s reached the boil over point. This feckless president must stand up and admit his policy of appeasement hasn’t worked and now we must take a far different course. We cannot tolerate these attacks against America and our people.

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Just Saying, factual reference for your disagreement please.

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Del

The economy works in multiple facets imo. There is no one single formula that any Administration utilizes. They all use a hybrid to some degree or another, at least to the extent that the government is working within the economy.

If Keynesian doesn’t work on any level, let’s both take a trip to Columbus and Hinesville and see if the local Chamber of Commerce will meet with us for 5 minutes. That is all it will take. Heck the receptionist will be able suffice.

We are going to tell them that the US military is closing their bases and ask them what it will do to their local economies.

We will see what they say in terms of how that will impact their towns?

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Lil Barry: A very bright response to my question. Since you don’t know here it is:

The deficit on 01/19/2008 was $10,626,877,048,913.08 (and by the way Lil Barry that is $10 trillion plus).

Now another question: What was George W. Bush’s last budget that was passed by the Congress? And to show you I am not a lazy Democrat, it was a deficit budget of $1,300,000,000,000.00.

Now as you know an incoming president inherits his predecessors budget whether he be a Republican or Democrat. So if you add GW’s budget of $1.3 trillion to $10.6 trillion … voila you get $11.9 trillion. The current deficit number as of 11:52:29 GMT (tha’t Greenwich Mean Time) is: $16,050,527,503,457.09 so it would appear that the debt attributable to president Obama is: approx. $5.2 trillion which is about 32.2% of the total. That means that 67.8% is attributable to past administrations and congresses.

It doesn’t make me feel any better that the deficit is where it is but I just thought I would put the facts before you ( I hope this does not disturb you too much).

Also while I am at it my solution to the debt issue is to let the sequester take place. Don’t let the Congress or President have any control over it. Continue the sequester process until the U.S. debt is zero. At that time pass a Constitutional Amendment to balance the Federal budget (just like GA does). Build a rainy day fund of $10 trillion (yes $10 trillion). Once that is accomplished then look at tax cuts but at no time thereafter should the US run a deficit. And if the US declares war on another nation or entity, then sell bonds to fund the war in its entirety.

How about them apples. Would you support that? I will be interested to see.

From the one you accused without any basis in fact of being a Lazy Democrat.

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The failing economy is just the failing public school system all growed up.

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Barry

The President runs the FED. When did this start?

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TRUTH@7:34, Why don’t Obama & the Democrats appoint a Jobs Council? Oops, they already have.
Why doesn’t Obama just meet with his Jobs Council? Oops, he doesn’t have time.
Would Obama’s Job Council actually tell him him what the problem is with the economy? That is, why job creators are not creating jobs? Maybe. Maybe not.
Why doesn’t Obama listen to the CEOs & job creators who have been speaking out all over the internet & cable news media?
Is another “jobs bill” the answer? No.
Can the US economy benefit from another stop-gap, temporary measure from DC? No.
Does bandaid economics work? No.
Has the fed. govt. ever created long-term private sector jobs? No.
Does the fed. govt. create state jobs for teachers, fire-fighters or police officers? No.
Why keep digging the hole bigger?
WHY DON”T WE LISTEN & LEARN FROM THE JOB CREATORS WHY THEY ARE NOT CREATING JOBS & SIMPLY CORRECT THE PROBLEMS?

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Obozo was in office for most of the 2009 budget and had Democrat majorities in both houses. He could have reduced the deficit if he wished.

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Barry @ 8:17

That is very true statement. And it is also true that a Republican House can stop writing checks today if they like.

They allow the spending, so they can cry about spending.

Both are culpable.

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Barry

You said Obama needs to FED.

What were you implying? Apologize if I misinterpreted your post

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needs the FED…..

excuse me

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“If Keynesian doesn’t work on any level, let’s both take a trip to Columbus and Hinesville and see if the local Chamber of Commerce will meet with us for 5 minutes. That is all it will take. Heck the receptionist will be able suffice.

We are going to tell them that the US military is closing their bases and ask them what it will do to their local economies.”

WAY too many steps for Del to follow.

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“Has the fed. govt. ever created long-term private sector jobs? No.”

So much for a President Romney making any difference…

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“Incorrect. Our President Bush proposed a budget that included a deficit of $400 billion.”

Lil Barry: If you don’t budget expensive wars, you have phony budgets.

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“Is this Kyle’s blog or Linda’s blog? Hard to tell based on space given Linda.”

Lighten up on Linda. She doesn’t have that many outlets…

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“Government IS the problem.”

Lil Barry:
Your plane to Somalia is warming up. Just think of all the freedoms you’ll enjoy.

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Lil Barry: you are right about GW’s budget. But I don’t think it was very realistic and I am convinced he knew that. One more piece of cr4p he passed on to a future president, future presidents, our children and grand children. See the following from Wikipedia:

With projected receipts less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion. The actual spending signed into law in the final bill was increased by over $400 billion. And actual tax receipts totaled approximately $2.1 trillion, $600 billion less than the $2.7 trillion expected. The actual deficit in 2009 was $1.4 trillion.[3]

GW did not leave this country very good shape. A good steward would have done much better. From your posts it is very clear that you don’t like president Obama. But I would love to see anyone on this blog tell me that they (and yes you LB) and/or McCain would have solved the problems we face in the 3 1/2 years Obama was in office. My guess is you will say anyone could. But talk is cheap (as is blogging).

This is my last post so have a happy day.

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Obozo took a bad situation and made it worse…in the short term by jacking up spending to 25% of GDP, highest since WWII, by bashing business, by hyper-regulation, and by destroying the rule of law (see GM/Chrysler bankruptcies)…and in the long term by saddling the economy with the outrageous and unsustainable costs of Obozocare.

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And now for that link…

http://www.cato-at-liberty.org/emergency-spending/

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Just Saying@8;30, Maybe you don’t realize that I haven’t blogged here at all since Jan. until a week or so ago.
Maybe you don’t realize that the natl. election is less than 2 mts. away.
Maybe you don’t realize that this election is not so much about the economy as it is a plebescite on the type of government we prefer to have in the future.
Maybe you don’t realize that I have plenty of outlets that have kept me busy for months.
Maybe you don’t realize that my husband & family encourage me to do everything I can to communicate that our country is in jeopardy.
Maybe you don’t realize that my blogging here to advance the cause of the fiscal conservatatism
costs both me & my family a lot of money.
When you get to be our age, you will realize that the fed. govt. can no more spend its way out of debt & into prosperity & decrease its debt by spending more money that it does not have than you can in your own household.
Good luck to you in your future.

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From my link above:

“However, with the Democrats in control, the emergency designation is now being abusively applied to domestic spending. Congressional Research Service data obtained by the office of Senator Tom Coburn (R-Okla.) finds that emergency spending has increased deficits by almost $1 trillion since the 111th Congress was seated in January 2009.

The biggest chunk came with passage of the $862 billion “emergency” stimulus bill in February 2009. The Obama administration insisted that the emergency spending legislation was necessary to jump-start the economy and keep unemployment below 8 percent. Oops.”

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“And just for the record, I don’t think this “emergency” spending should be allowed to be kept off budget, and for that matter I believe the government should use the same accrual accounting that eeeeevil corporations use.”

Lil Barry: Here here! Total 1000% agreement.

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Looks like Obozo’s “jobs” bill was just a smaller version of the first one that faceplanted so miserably. In short, a non-starter, even for Democrats.

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“Maybe you don’t realize…” Yada yada.

Linda: Maybe you don’t realize that Georgia will be a Romney win in Nov. Perhaps your sacrificial efforts might be more productively focused on those states in jeopardy of going over to the Dark Side…

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“Some folks just don’t know how to deal with strong women, Linda.”

Lil Barry: I know Linda appreciates that. Confession is good for the soul.

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Common sense tells you there has to be day of reckoning somewhere down the road after injecting all this easy money into our economy.

Anyone who remembers the hyperinflation of the early 1980s remembers the painful steps the Fed had to take to stanch it. It’ll be much, much worse this time.

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http://www.independent.co.uk/news/world/politics/revealed-inside-story-of-us-envoys-assassination-8135797.html

Seems the US knew 48 hours prior to the Egypt and Libyan Embassy attacks that something was brewing ( retaliation for drone strike) not related to a movie, but we did zilch, nada, to protect our diplomats. Where are the truthers?

A very interesting article laying out what happened. And just two days ago Obama was poking fun at Romney and Ryan for being “new” to foreign policy.

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“Kyle’s blog is viewed all over the US & all over the world…”

Uh, yes, that would be true. But as an economist, I’m sure you’d agree that number of viewers is important. My guess, likely many more in Georgia than outside.

“Hope I have made a difference”

No question about that…

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It’s funny that folks think their portfolio is soaring because the market is strong. The last time the market set record highs we were weeks from the start of the recession.

And if your dollars are worth less, don’t you think it’s a rational response that the shares would cost more?

The best thing will be paying phantom capital gains on those assets, even though you cannot buy any more real stuff with them than you did before their rise.

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Sometimes you can’t rely on logic which leads you to think you can be right 100% of the time. You may be a little right, a little wrong. If you don’t think you can be a little wrong, you might have ego problems.

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The best thing will be paying phantom capital gains on those assets, even though you cannot buy any more real stuff with them than you did before their rise.

EJ great point, another reason Obama has got to love this easing. More phantom revenue to pay down an inflationary reduced deficit. Passing the pain onto the people paying the bills, to insure that the entitlement programs have the money to operate at the levels the parasites have become accustomed to.

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Rafe

I’m no expert but contracting out (farming out would be a better term I think) anything to do with security and the military is just plain idiotic to me.

As for not using live ammo, I’m just an old country boy but I’d rather have a stick with a knot in the end of it than a gun that ain’t loaded. All an unloaded gun will do is piss somebody off and get you killed.

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Perhaps the gop will stop the obstruction.

Ben is trying.

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Linda,

I’ll be your huckleberry.

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Trying what? Trying to understand the Psychodrama? We Love Wall Street, We Love Wall Street Not?

babble, babble, babble.

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Most people will not answer the phone when they see it on caller id.

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“Trying what? Trying to understand the Psychodrama? We Love Wall Street, We Love Wall Street Not?

babble, babble, babble.”

The unlimited bribes might have something to do with it.

Thank your cons on the sc.

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I’ve never had a pollster call my house (or a politician either) believe it or not. It amazes me that anybody would answer the phone if they knew it was a pollster, or wouldn’t hang up on them as soon as they found out.

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More than you’ll get from any US media outlet:

http://www.dailymail.co.uk/news/article-2202979/Benghazi-attack.html

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“Just@9:35, Don’t mess with me.”

Linda: Not even in my 12th month in Nam…

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“We don’t want to be audited.”

Nixon resigned.

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And the company in question belonged to Hollywood wonderboy James Cameron…….no such thing as a sure thing folks.

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Not that we’d expect you to do any fact-checking on your own, AmVet, but IF you had READ the story in the link, you would have seen this: “The Independent, citing diplomatic sources, has exclusively reported that the U.S. State Department had known up to 48 hours ahead of the attacks that the compounds in Benghazi and Cairo were potential targets. However, none of the diplomats in either city were given warning to go on lock-down, the paper reported.

THAT story would have linked you to this: http://www.independent.co.uk/news/world/politics/revealed-inside-story-of-us-envoys-assassination-8135797.html

Try to keep your America-hating diatribes to a minimum until you have educated yourself, will you?

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Tibs, America-hating? Me?

You’ve lost it.

I saw that reference to the Independent in that article.

Still dubious.

But regardless, you are fanatically obsessed with me.

Yo wit, your very last post of the day is in the exact same vein as your very first. Your completely preoccupation is not healthy.

I have no idea how much room there is inside your head, but I am sure am in there. Morning, noon and night.

Get help. Or take a vacation. You are embarrassing yourself with these juvenile outbursts.

Seriously.

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Tiberius – pulling the tail of the left AND right when needed

September 14th, 2012
12:01 am

Obsessed? Hardly.

Determined to expose you for the fraud that you are? Absolutely!

Absolutely keep up the good work.

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[...] Fed, who also plays a role in the impending collapse of our economy, is getting in on it with the printing of money to help him stimulate the economy so it will increase his chances of being re-elected, which will prove to be severely detrimental.  [...]

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Got a nice bump yesterday in the share price of the mutual fund I have which buys “hard currency” of countries that aren’t selling out their citizens by deflating the currency. The fund is designed to do well when the dollar weakens.

Of course, I’d prefer that Obozo stop deliberately weakening our economy. I’d do even better that way!

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Kicking the can down the road has new meaning today. Fed is going to buy paper that’s worthless and sell it when when necessary to reclaim the funds? Gimme a break.

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So we’re going to print $480,000,000,000 to buy bonds we can’t sell at current rates in order to keep our interest rates low so we can “afford” to keep borrowing? I didn’t know Milken and Madoff were running the Fed.

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QE certainly helps Wall Street but puts a hit on Main Street. Obama says he’s for the middle class and thinks the wealthy make too much money. Bernanke, isn’t helping the poor and middle class but Wall Street’s happy. Of course Obama likes to see gasoline prices go up, so the masses will by Chevy Volts.

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In the private sector, Bernanke would be taking a perp walk with this move, but since he’s associated with bigger government, he’s hailed by the left as a hero.

Nice double standards, libs!

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Ti,

There is concerning inflation that isn’t being reported. The price of gasoline at the pump due to rising oil prices and higher food prices. Quantitative Easing exacerbates these issues, which hurts the poor and middle class. The wealthy don’t feel this pain but do see their stock portfolios get richer. I don’t understand the left feeling this move by the F/R is good as Bernanke himself says it won’t help unemployment and of course that’s been proven by the previous rounds of QE.

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Kyle’s World:
..”exceptionally dubious” equals “…your America-hating diatribes…”

And we wonder why our elected representatives are dysfunctional…

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If the Libs had one iota of consistency, they would oppose this “easing” and brand it “QE for the Wealthy”, but they put Obama’s reelecton over consistency. So, Bernanke believes in trickle down, because that is the only way the QE helps the folks, who are not wealthy and do not own stocks.

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You cons throwing Joe Scarborough under the bus this morning?

The big tent party? Ha

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Bernanke must think he’s helping Obama by duping the public into believing that QE3 will turn the economy and unemployment around by when? Yes he says by 014, so it’s safe to give the Obummer another term in office. Dumocrats are stupid enough to believe this repeated scam but the poor and middle class shouldn’t believe it because they’re the ones getting hurt. Those at or below the poverty level have risen to 15% of the population under Obama’s watch. If he gets a second term look for poverty to significantly go higher.

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Wow it took Bush two terms in office to increase debt by 5 trillion and it’s only taken Obama one term to increase it by 6 trillion.

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[...] as a response to the monetary authorities continued loose, dovish, and accommodating policies. Read here for a timely article about the impact of quantitative easing posted by Kyle Wingfield on September [...]

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Japan is moving to reduce the value of the yen in relation to ours, with ECB buying bonds, the value of the Euro will fall as well. Folks, the United States is in a unique position to have our Central bank pump liquidity into the market. Our inflation is low, bid to cover of our debt is almost 3 (For every dollar of debt we issue there are 3 dollars trying to bid on it) and the world wants to sell the US products… so they are going to reduce the value of their currency so their exporters can sell products at a discount. All of this pressure on the dollar downwards is actually causing more pressure on the Chinese to increase the value of the RNB… This is not as simple as some would hope it would be including both political parties. This is a complicated situation and no one liner can sum up any of what is going on. Yes people are getting low interest on savings, but they are paying low interest on debt also… but that is the point! We want people to go out and spend money and invest it.. not to let it sit out on the sidelines of the economy.

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Some of the comments on inflation are appallingly ignorant. Seasonal and disaster related food prices and gas prices have little to do with the monetary policy of the Feds. “Printing money” theoretically results in inflation, but those predictions have been around for years now and inflation remains low and economists expect it to remain low for several more years. “The wealthy don’t feel this pain but do see their stock portfolios get richer” is nonsense. Inflation devalues the currency; therefore, the value of a portfolio diminishes just like of everything else that people own, whether the person is rich or poor (except for those, who stash some of their money in foreign accounts, like Romney). Inflation helps exports, and makes imports less competitive compared to domestic products.

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Just saw that Hillary Clinton is joining the chorus of voices condemning the anti-Islamic film. What a bunch of crap. Since when have any Middle Eastern governments apologized for anti-Christian or anti-American propaganda??

Just gives me one more reason to vote for Romney.

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Printing more money only devalues our dollar’s value down. We are now 16 Trillion in debt. We are at the edge of the cliff or our vehicle that we are in is balanced midway on the edge of the cliff. We need a real answer, not a political calculation for more votes. The long term view is that we are headed for a depression.

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In short, the Fed said it will increase its purchases of mortgage-backed securities by $40 billion a month until employment improves.

The Dems, including our own JDW, have been touting the 4.5 million jobs “created” in the past 29 months. For some reason they keep forgetting to mention that they are primarily low-paying jobs. It’s got to be the Republicans fault somehow……

I think history will remember Obama as the “Excuse President”.

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Funny headline Gov. Wallace.

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MarkV,

Must read a lot from Paul Krugman. First he states that inflation remains low and will for several years but he then says inflation devalues currency therefore it’s devaluing stock portfolios. What does MarkV think QE does to our currency? BTW…MarkV must ride his bike for transportation and grow his own food, so rising gasoline prices and rising prices for food in the grocery stores don’t effect him.

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Paying off debt is a no brainer right now……interest earned is next to nothing, but paying off debt with higher rates is actually making people money…….

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I just checked. My YTD return on my 401K is 7.98%. Oh yes, let’s fire the guy in the White House.

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Rafe Hollister @ 12:14 pm

There is no automatic relationship between inflation and the stock prices.

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US Credit Rating Cut by Egan-Jones … Again

Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.

In turn, this increases the cost of commodities, the firm said.

http://www.cnbc.com/id/49037337

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[...] http://blogs.ajc.com/kyle-wingfield/2012/09/13/fed-quantitative-easing-now-quantitative-easing-tomor... [...]

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[...] Stuff – Kyle Wingfield is not a fan of QE3. No word on his opinion of Kate’s topless photos. – Peace in the Middle East? Not so much [...]

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