Debate House Prices
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US economy is "on its own"
Comments
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sabretoothtigger wrote: »I think the main point is QE doesnt help unemployment. It alters other things, lowers the cost of debt to companies, I realise that is supposed to have a knock on effect
I think its helped the wrong things to accelerate ahead and faster then the average companys recovery. Net result being unemployment is not increased its still cheaper to employ in foreign countries?
Until I hear speeches along the lines of 'this is wrong, we will do it different now' Im not optimistic for western internal growth
In Mr Ben's speech there was a long list of all the bad debt. The sub prime, he never admitted to failing to stop or warn on it before it was a problem or even realised that could be his job. He isnt about to take actions with foresight now either
I generally agree. As mentioned, to affect the unemployment rate, which will be a major factor in re-election, a massive QE will be needed to have any chance at all to affect the figures. Your "knock on effect" would certainly take time and that is why I would see it coming in sooner, than later.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
I just dont think QE works to employ people. They do believe in it, so no doubt they will do more of the same.
ultiamtely the only difference between Mr Mugabe and Mr Bereneke is one printed cash directly and gave it to shoppers to spend.
Mr B has helped government print 100k sized gilts (this is treated as cash) and this gives the proceeds to government and investment banks, it will be the same effects in the end.
Neither helped people, Mugabe was trying to give people money also
I agree they are political motivated which makes the economics thinking compromised and likely flawed.
Im not qualified to judge but apparently no one is because they are the richest and cleverest people in the world.
Its a high stakes poker game and they are bluffing real good0 -
Federal Reserve Chairman Ben Bernanke says some of the problems that are slowing the economy could persist into next year.
Bernanke says at a news conference that the slowdown could be due, in part, to the troubled housing market and other factors that will continue to depress growth in 2012.
He says "maybe some of the headwinds that are concerning us, like the weakness in financial sector, problems in the housing sector -- some may be stronger and more persistent than we thought.
AP
Now, where have I heard that line before? :rotfl:
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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