Posted on 06/12/2011 2:07:38 PM PDT by TigerLikesRooster
Chance of Another Round of Easing by Year-End: Roubini
Published: Saturday, 11 Jun 2011 | 6:09 AM ET
By: Li Anne Wong
CNBC.com
There is a chance the U.S. Federal Reserve could unleash another round of quantitative easing by the end of the year, according to renowned economist Nouriel Roubini.
In an interview with CNBC on Saturday, the head of Roubini Global Economics said the probability of QE3 will become “significantly higher” if U.S. economic weakness persists and the stock markets correct 10 percent or more.
“Especially because we cannot do another round of fiscal stimulus, the pressure is going to be on the only policy that is available, [that] is another round of quantitative easing,” he said.
(Excerpt) Read more at cnbc.com ...
P!
And people are concerned about Anthony Weiner’s mental state. Astounding.
Guys been playing with his crystal balls.
Its a good thing all Legislative power resides in Congress. I mean, its not as if rogue agencies can do anything they wish without the consent of our reps.
The problem is that it doesn’t really work. “Investing” that money via a tax cut would be more effective.
The quantitative easing will continue until the economy improves.
Apparently, the clowns in our government are slow learners who have no clue why the economy is surprisingly/unexpectedly non-responsive to their solutions.
It works. Have you been shopping lately? I just got back from purchasing my grandson a bike for his bday. They have doubled in price since I bought one for my granddaughter 3 yrs ago. At this rate no one will have any money and I think that is their goal.
There will be rioting in the streets if they try to run QE again.
Addicts always act to avoid immediate pain. Addiction radically shorten the time horizon.
Tax cuts are all fine and dandy, but right now, given the levels to which the U.S. government is borrowing just to maintain the status quo, all that "tax cuts" would accomplish is redistribution of future income from the presently unborn to those presently alive.
No, what is really needed is regulatory certainty so that businesses can make plans (that would include hiring more people and buying more things instead of flogging to death what's left of their own existing staff).
It’s a sign of insanity to keep doing the same thing while expecting a different result.
Imprison Bernanke. Eliminate the FED. Put POS politicians on notice.
Well of course they will. It’s all they have left. They won’t cut spending and on the 30th of June when QE2 ends the stock market will collapse without another infusion of Federal money. They will continue this pattern as long as they can. I have no idea how many more QE’s we’ll see but rest assured it won’t be much longer until it costs you $10,000.00 just to get through an average day.
Right now economic collapse is inevitable. The fed is just gonna keep flooding the market with fiat money to the bitter end. One can only guess at how much longer that will be but at this point they just want to put it off till the next election.
Without another QE our economy would fall apart rapidly. Which by the way would be a good, albeit painful, thing. There is no escaping it so the sooner we do it the less painful it will be in the long run and the sooner we can begin to put our economic house in order. Keynesian economics has failed, which should surprise no one, once again.
Well since the cost of gas has 'necessarily skyrocketed' nobody can afford to drive their car, so there's a run on bicycles.
Roubini is an outright idiot if he, or anyone else who calls themselves an “economist,” thinks that a QE3 will help this economy.....shit like giving crack to a crack-user having withdrawal symptoms in that once that crack runs out, the idiot will simply go back into withdrawal.......=.=
“Right now economic collapse is inevitable. The fed is just gonna keep flooding the market with fiat money to the bitter end. One can only guess at how much longer that will be but at this point they just want to put it off till the next election.”
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”
- Ludwig von Mises
We can probably fix the country if we put business people in charge of business rather than Northeastern Liberal elitists who never worked a day in the private sector.
For all those degrees and academic honors they sure are morons.
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