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QE continues but not for those who believe the government propagandas hook, line, and sinker. I guess headlines are all that are needed to convince the gullible, the naive, or the propagandists themselves. Others think for themselves and know if something stinks then they have to look for the cause.
Yay more people who can say whatever they want since they can define reality however they want, and hey you've got an opinion piece from a year ago to prove syntactic wordplay with bond purchasing means QE lives. Sorry dude, sounds like you've been chanting QE so long you're stuck in a rut and your tired "everyone else is sheeple" routine doesn't impress.
Then again I'm talking with the guy who believes positive growth is a retraction.
I don't think many people understand why low low interest rates are punishing and counterproductive. Of course, so long as the rest of the developed world trashes their financial system, than we can all lose together, and celebrate it as the new normal.
All this sacrifice to prop up a failing and increasingly inefficient financial system.
None of this means "QE Infinity" makes any sense, since QE ended over a year ago.
None of this means "QE Infinity" makes any sense, since QE ended over a year ago.
You do know QE ended right?
QE may have ended but the Fed's easy money policy has not. The near zero rates cannot continue into infinity whether it be from QE or other stimulative money policies. These policies are not substitutes for real growth, especially in quality jobs capable of sustaining households without subsidies covered by the government.
I don't think many people understand why low low interest rates are punishing and counterproductive. Of course, so long as the rest of the developed world trashes their financial system, than we can all lose together, and celebrate it as the new normal.
All this sacrifice to prop up a failing and increasingly inefficient financial system.
And we are not the only country that experiments with our money supply in such a manner. I am always hearing QE associated with Europe, China and Japan.
The Uber-rich Oligarchy pretty much control every money printing press around the world and they use it for their own benefit. The only difference between Putin, the Chinese Oligarchy, and the Uber-rich that run Wall Street is a matter of taste and style. The tactics and strategy are exactly the same. The IMF is sort of the Central Committee that coordinates the actions of the theives.
No, no!!! I am still claiming retail is in recession.
Well since retail sales rose slightly in October you'd be wrong.
Quote:
Originally Posted by J.Thomas
I meant the whole economy.
It's not in recession yet, i think economy is growing like 0.5-1%.
Will eventually fall into recession.
I agree, but saying we will eventually fall into a recession is about as pointless a prediction you can make. Economies are cyclical, there have always been growth and contraction phases.
Well since retail sales rose slightly in October you'd be wrong.
I agree, but saying we will eventually fall into a recession is about as pointless a prediction you can make. Economies are cyclical, there have always been growth and contraction phases.
This is a case were even a broken clock is correct twice per day. Of course we're going to have a recession. We're overdue. Since we already have near-zero interest rates and deficit spending, there won't be much of anything in the toolbox to get out of recession once we get there.
Corporate profits keep growing. Productivity per hour worked keeps increasing. The bottom half is screwed but the overall economy is still doing just fine.
"Remarkably, investors have not recoiled against the prospect of the first back-to-back earnings declines in six years."
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