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Wow. I don't think that I've laughed that hard in a while! Listen...MaseMan, Why don't you do yourself a favor and do some research into Quantitative Easing. After you've read your fill...come back and tell us what you've found.
And the scary part is that there have been very silent talks of QE Infinite.. My only question is why would markets be happy about QE? If I knew someone was printing like a mad man, I wouldn't want to invest more.
The only thing that has temporarily kept the dollar from plummeting is that the European currencies have been SO weak with their socialist policies causing near bankrupcies in so many countries. If you think that the amount of monetary stimulus that your top graph shows is not going to be inflationary and weaken the dollar then you need to go back and brush up on economics 101.
Exactly. The weighted US dollar index is a measure that is only relative to other world currencies. It isn't remotely indicative of purchasing power of the US dollar...which is causing chronic pain the poor in America. You don't have to be brilliant to recognize that prices are going up. Just walk into your grocery strore.
That's immaterial. The point I was addressing was post#13, "During the great depression, the stock market was hitting record levels as well."
I have shown how that was completely false. The reason was a declining economy.
its absolutely material if you are comparing then and now. both times we had a declining economy, but then we didnt have the fed propping up the economy artificially, today we do.
I know what QE is. I also realize that the stock market isn't the best indicator of the economy. However, weren't we supposed to be having mass layoffs and sky rocketing unemployment by now? Weren't companies going to be closing up en masse?
Have you looked at the number of people who quit looking for jobs?
Have you looked at the number of people on Welfare?
Have you looked at the number of people that have moved to part time?
Have you taken time to do any research?
BS. Keep telling yourself stories. Not one republican voted for this abomination. And only the Tea Party tried to defund it.
It was taken from that idea but changed with the whole "vote it to find out what is in the law" deal Nancy Pelosi pulled.
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