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QE3 or no?

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  • #16
    Originally posted by CJ View Post
    I have been reading some analysis from Washington economists, and several fed analysts. Apparently the general consensus is QE3 occurred because a double dip recession is imminent, and they are pushing it past the election.
    Exactly what I heard. Without it, we have Carter-like inflation and interest rates.

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    • #17
      Credit downgraded from AA to AA- today. http://www.cnbc.com/id/49037337




      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.

      In April, Egan-Jones cuts the U.S. credit rating to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt.
      How do we forget ourselves? How do we forget our minds?

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      • #18
        Originally posted by Geor! View Post
        Credit downgraded from AA to AA- today. http://www.cnbc.com/id/49037337




        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.

        In April, Egan-Jones cuts the U.S. credit rating to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt.
        Well, we knew it was coming.
        "When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
        "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler

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        • #19
          Not saying our situation isn't fucked, but Egan Jones is a fucking hack shop.
          Originally posted by davbrucas
          I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

          Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

          You and slow99 should date. You both have passive aggressiveness down pat.

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          • #20
            Originally posted by slow99 View Post
            Not saying our situation isn't fucked, but Egan Jones is a fucking hack shop.
            Sorry, sir.
            How do we forget ourselves? How do we forget our minds?

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            • #21
              Originally posted by Vertnut View Post
              Exactly what I heard. Without it, we have Carter-like inflation and interest rates.
              I think we'll have a return to 1979 style inflation and interest rates soon enough. Many countries have tried to print money to get out of financial trouble and it always ends with high inflation and interest rates. Why should our experience be any different?

              Maybe this time around we won't have to suffer through another disco era

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              • #22
                Originally posted by mikeb View Post
                I think we'll have a return to 1979 style inflation and interest rates soon enough. Many countries have tried to print money to get out of financial trouble and it always ends with high inflation and interest rates. Why should our experience be any different?

                Maybe this time around we won't have to suffer through another disco era

                Just look at decking. Two months ago a sheet of decking was about $7. It's now $13.

                I'm literally scared of what is coming at us, as with price increases like what I've seen in materials is insane and when it carries over to food and the like I don't see how folks are going to be able to eat...
                www.allforoneroofing.com

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                • #23
                  Originally posted by mikeb View Post
                  I think we'll have a return to 1979 style inflation and interest rates soon enough. Many countries have tried to print money to get out of financial trouble and it always ends with high inflation and interest rates. Why should our experience be any different?

                  Maybe this time around we won't have to suffer through another disco era
                  I busted out the powder-blue leisure suit just in case.

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