Posted on 08/24/2014 11:50:29 PM PDT by Olog-hai
A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists.
The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years.
In the association’s semiannual survey, 53 percent of economists said the Fed’s stimulus programs were “on the right track” for the U.S. economy while 39 percent thought the Fed was doing too much. …
(Excerpt) Read more at hosted.ap.org ...
... just going the wrong direction.
“We surveyed the 99 most tarded* people we could find, called them economists, and set them in charge of our policy!”
*crack heads, extreme money spenders, gamblers, and others who find it hard to NOT spend like a drunkensailor on shore leave.
bump
That does seem to be how they choose their advisors.
“THIS man is solid! We picked him up snorting a mountain of coke through a garden hose!”
They found these economists being retrained by Job Corps at taxpayer expense, since their old hippie basketweaver jobs were lost.
Old joke:
Stalin is watching a military parade. There are tanks, trucks towing missiles, and row upon row of marching soldiers.
But at the head of the parade a group of civilians are walking. They are wearing gray suits and carrying briefcases.
Puzzled, Stalin turns to a general and asks "Who are those men with the briefcases?" "Comrade Stalin," the general replies, "they are economists. They can do the most damage of all."
Next up: speculative economists.
They “feel” that things are going thissaway, so they’ll invest everything into thattathingy.
(Ponzi schemer Madoff, basically.)
bump
I’m not one of them, but I hope they’re right. But it doesn’t feel right.
Once interest rates are lower than the rate of inflation you are losing money. Wrong direction, indeed.
Good news about the economy gets more votes. Its not votes that are needed, its JOBS, so where are these jobs?
Apparently, these economists have not been to the grocery store. Or they are such elites that rocketing food prices are not an issue for them.
And every single one of them has their cost of living raises linked to the expansion of the money supply.
I assume they are using the measure that doesn't include food and fuel prices? There most definitely has been inflation. The Fed has an easy money policy, which always comes back to bite the economy in the arse. Always.
And at a high rate of speed.
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