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Only right wing conspiracy theorists, Austrians, and gold bugs believed such nonsense. Despite QE, corporations are experiencing record breaking profits. Plus, once adjusted for inflation, the stock market gains are not that impressive. They are decent, but not record breaking.
Again with the really stooooopid "absolutes" from you wingnut types. You folks are such drama queens - if the economy is not horrible then obviously it must be "great". It's like you folks are manic-depressives or something.
You folks never seem to be able to grasp the concept of "in between".
WHO ever said the economy was "great"?
It IS however HEALING - so it's time to BEGIN tapering - which is what they are DOING.
Ken
This is what I don't understand about wingnuts. If it's not A, then it must be C! Nevermind that they missed B in the middle there . If it's not great, it's bad. Nevermind that there also can be alright. If you stop QE outright now, the economy is going to crash. They don't understand that things have to happen gradually so that there are no adverse effects. Sudden changes freak people out
But.. but.. but.. I guess now we know that the only thing propping up the stock market WAS the QE.
Of course that's only based on the markets downturn today based on some lackluster jobs and housing reports today.
Again with the really stooooopid "absolutes" from you wingnut types. You folks are such drama queens - if the economy is not horrible then obviously it must be "great". It's like you folks are manic-depressives or something.
You folks never seem to be able to grasp the concept of "in between".
WHO ever said the economy was "great"?
It IS however HEALING - so it's time to BEGIN tapering - which is what they are DOING.
Ken
Clearly the fed disagrees with you or they would be stopping QE all together rather than just reducing it from $85B a month to $75B a month..
Thats $900 BILLION they are investing into proving you wrong..
This is what I don't understand about wingnuts. If it's not A, then it must be C! Nevermind that they missed B in the middle there . If it's not great, it's bad. Nevermind that there also can be alright. If you stop QE outright now, the economy is going to crash. They don't understand that things have to happen gradually so that there are no adverse effects. Sudden changes freak people out
No, you just seem to think that "gradually improving the economy" is keeping the power in place with corrupt institutions that now have even more control on our economy. A lot of people see through that facade and wish for a more honest and organic recovery that would allow the parasites that wrecked the economy to begin with to fail and stop socializing their losses from their money manipulation schemes.
We NEED the colluded economy as it is now to crash in order to start building a more honest economy. The more the Federal Reserve artificially monopolizes power with their favorite financial institutions the less faith there is in the system overall and more and more people will be calling for its disbandment.
There is no need for a nation to pay interest for the use of its own currency to a shadowy corporation-and that is becoming even more apparent as The Fed continues to choose Wall Street over Main Street with Trillions upon Trillions of dollars in made up money.
Haven't read through all nine pages, but to be certain, clearly QE and the follow on effects of flooding the system with free money has had, and will continue to have, a buoyant effect on the stock market. Where else has the money gone?
What the Fed did yesterday was slow the rate of easing, but clearly not come even remotely close to ending it. In his comments, Bernanke did give one clue to his concerns, and the concern which all of us should be wary of: Four Trillion has not been able to stimulate Inflation (which is necessary to stimulate growth and bail out the huge deficit which has been run up on the fiscal aide); now the biggest fear is Deflation. Ben is a student of financial history, and he knows how ugly things will be if we get into a deflationary spiral, which appears more and more likely the further we go down the QE road with no meaningful impact on employment and growth.
Haven't read through all nine pages, but to be certain, clearly QE and the follow on effects of flooding the system with free money has had, and will continue to have, a buoyant effect on the stock market. Where else has the money gone?
What the Fed did yesterday was slow the rate of easing, but clearly not come even remotely close to ending it. In his comments, Bernanke did give one clue to his concerns, and the concern which all of us should be wary of: Four Trillion has not been able to stimulate Inflation (which is necessary to stimulate growth and bail out the huge deficit which has been run up on the fiscal aide); now the biggest fear is Deflation. Ben is a student of financial history, and he knows how ugly things will be if we get into a deflationary spiral, which appears more and more likely the further we go down the QE road with no meaningful impact on employment and growth.
Caveat Emptor.
If he was a student of financial history he would have learned from his past mistakes. That he just continued on the same path shows that he isn't a student of anything.
For years now, the wingnuts have been telling us how it was just the administrations' QE propping up the stock market - that the recovery of the stock market was just an illusion, that US companies were not doing well enough to justify the higher stock prices, and that once QE ended stocks would crash back to where they were 5 years ago because "the economy was not recovering".
Well, the Fed announced today that they were starting scale back QE in January - and, the stock market shot up - ending the day in record territory with the DOW up nearly 300 points, the S&P up nearly 30 points and the NASDAQ up nearly 50 points.
Oppps!
Gold, on the other hand got clobbered - as I said it would.
Hmmmm.... could it be that all the nonsense about the stock market simply being propped up by QE was just that - nonsense?
Yup.
Ken
You do realize market trends take longer than one day to react, don't you?
I am not sure it is possible to post anything even more ignorant about market economics than this.
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