Saturday, June 11, 2011

Is the US bubble for real?

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7 comments:

Anonymous said...

Read this and educate your self

http://www.thestar.com/opinion/editorialopinion/article/1005931--loose-money-for-slack-economy

Loose money for slack economy
The following is an edited excerpt of a speech by U.S. Federal Reserve chairman Ben Bernanke to the International Monetary Conference in Atlanta this week:

The economic recovery in the United States appears to be proceeding at a moderate pace and — notwithstanding unevenness in the rate of progress and some recent signs of reduced momentum — the labour market has been gradually improving. At the same time, the jobs situation remains far from normal, with unemployment remaining elevated. Inflation has risen lately but should moderate, assuming that commodity prices stabilize and that, as I expect, longer-term inflation expectations remain stable.

Against this backdrop, the Federal Open Market Committee (FOMC — the body that makes key decisions on interest rates) has maintained a highly accommodative monetary policy, keeping its target for the federal funds rate close to zero and further easing monetary conditions through large-scale asset purchases. The FOMC has indicated that it will complete its purchases of $600 billion of Treasury securities by the end of this month while maintaining its existing policy of reinvesting principal payments from its securities holdings. The committee also continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period.

The U.S. economy is recovering from both the worst financial crisis and the most severe housing bust since the Great Depression, and it faces additional headwinds ranging from the effects of the Japanese disaster to global pressures in commodity markets. In this context, monetary policy cannot be a panacea. Still, the Federal Reserve’s actions in recent years have doubtless helped stabilize the financial system, ease credit and financial conditions, guard against deflation, and promote economic recovery. . . .

Although it is moving in the right direction, the economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed. Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established.

June 11, 2011 at 3:37 PM
Anonymous said...

Are you senile or what? Are you for real yourself? Foolish question! Chuuuppse!

June 13, 2011 at 7:06 AM
Anonymous said...

Is this clown still writing in the Voice ?

June 15, 2011 at 4:23 PM
Anonymous said...

The economic recovery in the US never really happened because of the socialist/ liberal policies of that failure and charlatan Barrack Obama.

This recession was killed as he implemented redistributive policies aimed at taking from the working class and giving to those sucking off the teats of government.

Trillions have also been spent to cover for the crony capitalists on Wall Street who with Democratic politicians through Fannies Mae created the sub prime mortgage crisis by shouting racism to give mortgages to those who could not afford houses and to make Democratic party players rich.

June 15, 2011 at 4:28 PM
Anonymous said...

The bubble was caused by DEREGULATION.

Obama INHERITED the crisis already in train under BUSH.

The previous FED Chairman was the one who created the context for the crisis.

Please be fair to Obama, who as the first mixed-race President is being asked in to carry the world on his shoulders, and to counter the racist and colonial-minded Tea Party exploiters who founded America.

June 16, 2011 at 7:21 AM
Anonymous said...

A new very well received book is not out detailing how the failed socialist/ liberal policies of the Democratic liberals along with the trillion of sub prime mortgages given to undeserving home owners caused the recent financial failure in 2008. This has been going on for 20 or 25 years. It was not a conservative problem even though many of the RINOS in the Republican party were part and parcel of the problem including Bush who could not get legislation passed to curb the Democrats.

It has now been abundantly made clear that 90% of the $1,000,000,000,000 stimulus by Obama went to overpaid useless state and federal union employees so that they did not lose their jobs. That is why the clueless Obama had to say "The shovel ready jobs wre not as shovel ready as we thought" HA Ha Ha !!! How heartless.

It is also well documented now that 95% of the main stream media is liberal, vote Democratic and have spent the last 4 years promoting and defending that failure Obama and his false background.

A new report by a liberal sourse now shows that the so called right wing media outlets are in fact at the center or slightly left of center in their reporting but that the main stream media is so left wing or socialist or progressive that we THINK that moderate media is right wing.

So the blogger above: whatever he thinks is correct or the truth has in fact been absorbing pure left wing drivel as have all of us for the past 30 years from the media.

That is why he cannot think straight, why Europe is imploding., why the US is bankrupt and why the Caribbean states are failures.

Welcome to the real left wing propagandized world!! You cannot think straight but it is almost not your fault , you have been duped !

June 18, 2011 at 10:05 AM
Anonymous said...

About the racist Tea Party lies. It is now abundantly clear that the racist call by liberals and African Americans is a crutch by the black community to get as much as they can for nothing. Remember the lies about the racists calls by Tea Partiers said in DC by certain racist black congressmen.

Only a non racist country would have put Obama into power.

Do you think you will get a black man as President or PM of China or France or England or Germany ? It was white America that made Obama President.

The African American community has fallen into the liberal trap and are being destroyed by mendicancy, their failure to look inward to ther deficiencies and their acceptance of sub standard ways of life. Even the Hispanics are surpassing African Americans in every sphere . Yet African Americans still support that failure Obama by 80% or more.

The real racists are in the Democratic Part who were the original Klu Klux clan and championed slavery. Republicans were the ones who fought slavery.

It was when Democrats defended the freeness of the 70's that blacks accepted the payoffs for their votes - and started to go downwards since then.

Where has that got them ?

Underperforming academically.

Highest number of prisoners in the prison system.

Complete breakdown of the family.

Poorest of the poor.

Even a prominent black liberal race baiter had to say that if he were on a dark street at night and saw some African Americans coming down the street he would walk on the other side.

Wake up and smell the coffee you liberals and propagandized Obamabots.

June 18, 2011 at 10:16 AM

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