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Fed set to downgrade outlook for US
http://www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html ^
| 8/8/201
| james politi
Posted on 08/08/2010 4:58:30 PM PDT by RummyChick
The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.
Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth.
Smaller measures to help the economy could initially take the form of a decision to reinvest proceeds from maturing mortgage-backed securities held by the US central bank, thereby preventing the Feds balance sheet from shrinking naturally.
TOPICS: Business/Economy; Government
KEYWORDS: obamafedseconomy
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Meanwhile....
To: RummyChick
Apparently Michelle’s vacation cost waaaaaaaaaaay more than we thought.
To: RummyChick
What is that woman wearing? Does she have ANY people around her who make her look in a mirror before she goes out?
3
posted on
08/08/2010 5:00:06 PM PDT
by
Hildy
To: RummyChick
IBTU
In before the “unexpected”
4
posted on
08/08/2010 5:00:06 PM PDT
by
chrisser
(Starve the Monkeys!)
To: ClearCase_guy
When does she start the next one...
To: RummyChick
With 17% U6 unemployment during the birthday alone with hoops, Golf and friends while the first lady is in Spain is extremely awkward and tone deaf. just who is packaging these people’s image?
6
posted on
08/08/2010 5:02:10 PM PDT
by
omega4179
(Come on JD Hayworth!)
To: RummyChick
Clearly the First Wookie doesnt belong in that picture
To: omega4179
I meant to check the box that this was an excerpt. Here is an interesting paragraph
"The latest poor reading came in Fridays monthly employment report, which showed the US private sector creating only 71,000 jobs in July not enough to keep up with population growth, let alone bring down the unemployment rate. That followed news a week earlier that growth in US gross domestic product slowed from an annualised rate of 3.7 per cent in the first quarter to 2.4 per cent in the second quarter."
So as the bad news hits and keeps on hitting...Shelly keeps on vacationing.... btw, the Princess in that picture is quite stylish. I wonder what she thought of the Obamas and their shiny shoes...lolol
To: Nachum; blam; jiggyboy
9
posted on
08/08/2010 5:05:40 PM PDT
by
Jet Jaguar
(*)
To: RummyChick
“decision to reinvest proceeds from maturing mortgage-backed securities held by the US central bank, thereby preventing the Feds balance sheet from shrinking naturally.”
They have to be kidding...or insane, or liars or so da**ed incompetent they actually think this.
This is like throwing vomit against a wall and saying it’s a great color and it smells nice too.
10
posted on
08/08/2010 5:08:46 PM PDT
by
OpusatFR
To: RummyChick
11
posted on
08/08/2010 5:09:39 PM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: omega4179
Obviously we need another speech from BO.
12
posted on
08/08/2010 5:11:16 PM PDT
by
sheana
To: RummyChick
May have something to do with...
![](http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=&category_id=&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=true&fo=ve&id=FGEXPND,FGRECPT&transformation=lin,lin&scale=Left,Left&range=Max,Max&cosd=1947-01-01,1947-01-01&coed=2010-04-01,2010-01-01&line_color=%230000FF,%23FF0000&link_values=,&mark_type=NONE,NONE&mw=4,4&line_style=Solid,Solid&lw=1,1&vintage_date=2010-08-08,2010-08-08&revision_date=2010-08-08,2010-08-08&mma=0,0&nd=,&ost=,&oet=,&fml=a,a)
Also...
Corporate Tangible Assets dropping into the toilet
And converging on Total Corporate Credit
While the stock market (equity) acts as if nothing is happening
![](http://market-ticker.org/uploads/2010/Aug/CorporateBalanceSheets.serendipityThumb.png)
And...
M3 continuing to contract
To: RummyChick
And...
To: RummyChick
As well as...
To: HangnJudge; RummyChick; jiggyboy
16
posted on
08/08/2010 5:34:42 PM PDT
by
blam
To: RummyChick
![](http://i.dailymail.co.uk/i/pix/2010/08/08/article-1301302-0ABA4365000005DC-715_634x471.jpg)
Josh, the poor princess on the right must feel like the hottie in the Munsters, what the hell I am doing here with these wachadoodles...
17
posted on
08/08/2010 5:43:33 PM PDT
by
taildragger
((Palin / Mulally 2012 ))
To: RummyChick
Unemployment claims still much too high...
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
Thanks Jet Jaguar
The list, ping
19
posted on
08/08/2010 6:03:03 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: HangnJudge
While the stock market (equity) acts as if nothing is happening
Running out of places to invest. Say you buy bonds, GM showed us they don't have to pay back, and Fannie's bonds, mortgage-backed securities are just as bad if not worse(as if Congress fixed it), cash can get ate away at inflation
20
posted on
08/08/2010 6:04:04 PM PDT
by
Son House
(No Scammers or Spammers CASH ONLY SALE! No coupons, IOU's, Foodstamps, Checks, etc THIS IS CASH ONLY)
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