Posted on 10/08/2010 7:44:18 AM PDT by traumer
In one sentence... :o)
” as Easing Looms “
What am I missing??
I thought the Fed has had interest rates bouncing at, or near, zero for years...
Where is there any ‘tightness’ left to ‘ease’ in the system??
And yet we're holding steady at a 9.6% rate.
Does anyone believe this crap? How about the media? News divisions are shrinking, newspapers are going out of business, Newsweek sold for $1 -- but they want to report that the economy is holding steady??
In an attempt to ease the loss of jobs and decrease the size of the future obligations of the dederal government in real terms, the Fed will continue to trash the dollar. This policy will continue until the bond markets finally tire of the game and interest rates increase. The bond market is the next bubble as long as Bernanke plays this game.
I had to switch to orange juice in the FR “unexpected” drinking game. My liver couldn’t keep up.
They hope that the banks will then be more willing to lend money, but there is a good chance that the banks will sock the money away in a vault and wait for a less crazy president to take charge.
Ummm, riiiiight
Actually, jobs fell 110,000 when you account for revisions to the recent data, and fell ANOTHER 366,000 when you add in the benchmark update.
Yeah, the economy is collapsing all around and magically we’re holding steady at a 9.6% unemployment rate.
Expected unexpected expectation.
The Dickens novel, Great Expectations, can be retitled Great Expected Unexpected Expectations.
The bizarre world of the 0bama administration. Everything is unexpected to the nitwit media fools that helped elect this dimwit loser jackass of a president.
I remember Easing Looms. He was a great gut-bucket blues guitar player.
9.6%, my patookie! We all could be unemployed and Obama’s Communist propaganda ministers would proclaim only a 9.5% unemployment rate.
WTF, is this a "get your daily FIBER commercial"?
“unexpectedly”. The only folks who didn’t expect this are Obama’s ‘true believers’. fools.
We need to investigate WHO the hell is in charge of reporting these false numbers and his affiliation with Mr. LOSER. I SMELL A BIG FAT LIAR RAT at the helm.....BUT, Mark it...when the republicans take over both houses the mediaWHORES will be screaming and quoting these same numbers as the END OF THE AMERICAN BUSINESSES...bank on it!!!
“The Dickens novel, Great Expectations, can be retitled Great Expected Unexpected Expectations.”
I didn’t expect that.
Hell, just claim another billion or so people left the job market last month, and declare unemployment at 4.3%.
The recovery is complete!
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