quote:

ORIGINAL: StrangerThan

http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy

While the subject line seems counter intuitive, at least to me, this makes it more logical.

From another article: http://news.yahoo.com/s/ap/20100827/ap_on_bi_ge/us_bernanke

"Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare."

Someone help me. Does that mean we're essentially going to do another bail out type move? That helps me understand why Wall Street would be happy. Kinda like, fuck we're off the hook again. Let';s go play.

quote:

The lower estimate for economic growth and Bernanke's comments follow a week of disappointing economic reports. The housing sector is slumping badly after the expiration of a government homebuyer tax credit. And business spending on big-ticket manufactured items such as machinery and software, an important source of growth earlier this year, is also tapering off.

quote:

ORIGINAL: willbeurdaddy

no, thats not what it means, at least not directly. Buying Treasuries is the way the Fed increases the money supply, keeping interest rates low, but risking even more future inflation.

That arrow has already been fired, it will have little or no impact on the economy. There is only one way out of the recession. Its called November 2.

quote:

ORIGINAL: subrob1967

But I thought we were in the summer of recovery, and that the stimulus worked, I read so on Collarme...

quote:

The lower estimate for economic growth and Bernanke's comments follow a week of disappointing economic reports. The housing sector is slumping badly after the expiration of a government homebuyer tax credit. And business spending on big-ticket manufactured items such as machinery and software, an important source of growth earlier this year, is also tapering off.

http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy

Just wait until the commercial real estate bubble bursts, Obama will have to hire Baghdad Bob and Vince the Shamwow/Slap chopper guy to spin that one.

quote:

ORIGINAL: popeye1250

And that pushes down demand which pushes down profits which pushes down the stock market.
"I'll take a "Double Dip" of Rockey Road."

quote:

ORIGINAL: BoiJen


Bush tax cuts were a fuckin "redistribution of wealth" folks!-

quote:

ORIGINAL: BoiJen

quote:

ORIGINAL: popeye1250

And that pushes down demand which pushes down profits which pushes down the stock market.
"I'll take a "Double Dip" of Rockey Road."

Which pushes down the ability of a company to hire which pushes down the demand.....

It's a vicious cycle. And it's created and perpetuated by focusing on spending (gov't spending, "redistribution of wealth"-Bush tax cuts were a fuckin "redistribution of wealth" folks!- and private spending) at the top rather than the bottom.

"It's the economy stupid!"

boi

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: BoiJen


Bush tax cuts were a fuckin "redistribution of wealth" folks!-

Yes, redistribution from higher to lower income.

quote:

ORIGINAL: popeye1250

BoiJen, yup, and "trickle down" didn't work too well for Reagan or Bush 41 either, did it?
The govt. is "part" of the economy, when they try to be "the" economy we always have trouble.
It's not "businesses" that have "trillions in debt" is it?

quote:

ORIGINAL: BoiJen

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: BoiJen


Bush tax cuts were a fuckin "redistribution of wealth" folks!-

Yes, redistribution from higher to lower income.

No it was redistribution of wealth by decreasing the financial responsibility of those who hold the top 90% of economic wealth in this country....which stranded 90% of the population cuz they don't fit into the "wealthy" category.

Pay attention!

boi