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Fed: No taper
CNBC ^ | September 18, 2013 | Jeff Cox

Posted on 09/18/2013 11:13:08 AM PDT by Hojczyk

Edited on 09/18/2013 11:17:36 AM PDT by Admin Moderator. [history]

An economy still stumbling toward recovery was not enough to sway the Federal Reserve, which defied market expectations Wednesday and said it will not begin pulling back on its monthly asset-purchasing program. Stocks surged on the news but bond yields were flat.


(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: badeconomy; bensaysbadeconomy; bernanke; fed; fedsaysbadeconomy; qe; stimulus; thefed
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To: willywill

Slightly wrong. You have to go back to around 2004 to find 30 dollar oil. More than a tripling of price in 10 years, despite supplies exploding everywhere, and everyone here will still tell you there’s no inflation.


81 posted on 09/19/2013 6:53:26 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: Toddsterpatriot

The Wall Street Journal, one hour ago.

“The Federal Open Market Committee, the Fed’s rate-setting group, decided to keep buying government and mortgage bonds at a monthly clip of $85 billion, defying market expectations of a reduction in asset purchases by $10 billion to $15 billion. The Fed cited risks to the recovery in the world’s largest economy from higher borrowing costs and lowered its growth forecasts for this year and the next.

The trillions of dollars spent by the Fed buying bonds since 2009 have not only calmed debt markets,,,”


82 posted on 09/19/2013 6:57:04 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: cymbeline
They mean borrowing of course and these activities should always be called `borrowing' when the audience is ordinary people.

Technically it is borrowing, but actually it is just printing money and giving it to politicians to spend.

83 posted on 09/19/2013 6:59:26 AM PDT by palmer (Obama = Carter + affirmative action)
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To: willywill

In 2009, the US national average price of a gallon of regular gasoline was $2.35


84 posted on 09/19/2013 7:38:01 AM PDT by TomasUSMC
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To: Hojczyk

Hardly shocking. This admin is nothing but sleight of hand, smoke and mirrors, Potemkin Village....and many other metaphors. We shouldn’t be surprised they would be propped up by more fakery.


85 posted on 09/19/2013 7:43:59 AM PDT by edpc (Wilby 2016)
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To: old republic

So money is printed out of thin air and WE THE PEOPLE have to pay it back? But if I print money, is that ok? Hey, I’ll pay it back, I promise, just let me print it up tomorrow.????????


86 posted on 09/19/2013 7:47:27 AM PDT by TomasUSMC
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To: TomasUSMC
So money is printed out of thin air and WE THE PEOPLE have to pay it back?

No.

When the Fed prints money and buys a bond why would you have to pay anything back?

87 posted on 09/19/2013 8:42:27 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: DesertRhino

“Slightly wrong. You have to go back to around 2004 to find 30 dollar oil. More than a tripling of price in 10 years, despite supplies exploding everywhere, and everyone here will still tell you there’s no inflation”

thank you. time flies when you get old


88 posted on 09/19/2013 12:56:28 PM PDT by willywill
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To: All

and you forget how to spell also


89 posted on 09/19/2013 12:59:42 PM PDT by willywill
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To: Buckeye McFrog
“Most Pittsburghers are socially pretty conservative and would have seen eye-to-eye with Reagan.”

True, but most old-school Democrats would vote for the Devil himself before pulling that “R” in the voter booth...Reagan was the exception because they saw what “Reaganomics” brought.

The new Pittsburghers are of the hard core lefty, pseudo-intellectual Marxist types. Yuck.

90 posted on 09/19/2013 1:18:49 PM PDT by jdsteel (Give me freedom, not more government.)
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To: An.American.Expatriate
The economy was never going to turn around with massive government spending, it never has and never will.

What turns an economy around is massive savings that produce investment.

So, it does matter if Bernake is a disciple of Keynes, but at least Keynes advocated tax cuts in a recession, we are about to be hit with a massive tax increase with Obamacare.

91 posted on 09/19/2013 6:34:10 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: John W
The Fed said it was unsatisfied with the pace of economic growth and felt the timing was not right to make a change in quantitative easing.

This is unreal. Economic growth is crippled by all the debt, and the fed's answer is to continue growing all the debt?!?

As Rush pointed out yesterday, this is feeding into a huge stock market bubble. When that bubble pops, it is going to hurt.

92 posted on 09/20/2013 4:29:22 AM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: Toddsterpatriot

So the money is printed and never has to be paid back? By anyone? Hell that does sound like a great idea. Why not print 16 trillion a month and pay off the National Debt in 30 days?

Isn’t the USA just taking out a loan of 85 billion every month from its own imaginary printing press? And if that loan isn’t paid back in real money.....it just dilutes the buying power of our money by a trillion dollars a year?

okay, I’m glad we the people don’t have to pay back these 85 billion a month. Just wish they’d print a few billion more of it and send it directly off to the working man....why not...they just printed it out of thin air?

Here is a question...how much does each 100 billion in QE increase inflation? Is there a calculator out there for that?

Thanks for your continued efforts to make these damn thing easier to understand.


93 posted on 09/20/2013 6:07:56 AM PDT by TomasUSMC
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To: TomasUSMC
So the money is printed and never has to be paid back?

It's not borrowed, so where would you pay it back?

Isn’t the USA just taking out a loan of 85 billion every month from its own imaginary printing press?

The government is over-borrowing and over-spending, whether the Fed buys any bonds or not.

And if that loan isn’t paid back in real money.....

If the government defaults on their loans, we're in trouble.

okay, I’m glad we the people don’t have to pay back these 85 billion a month.

But we do have to pay back the hundreds of billions that Obama will waste this year.

Here is a question...how much does each 100 billion in QE increase inflation?

No one knows.

94 posted on 09/20/2013 7:10:06 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot; old republic
>> In short, the Fed is basically a legalized counterfeiting operation. They can create as much money as they like for free > > If it's legal, it's not counterfeiting. And of course central banks can create money for free. Ah, but is it legal? Despite what the courts say, there is an interesting clause in the Constitution about gold and silver being the only monies that states can make usable for debts (No State shall […] coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;) — and if the Constitution stipulates this, then the States paying the FedGov in anything other than Gold or Silver would be endorsing an illegal form of tender, no?
95 posted on 09/20/2013 8:50:41 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: OneWingedShark
And of course central banks can create money for free.

Ah, but is it legal?

Yes, it's legal for Central Banks to create money.

Despite what the courts say, there is an interesting clause in the Constitution about gold and silver being the only monies that states can make usable for debts (“No State shall […] coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;”)

You're right, if a state created a central bank and didn't use gold or silver, they'd be in trouble.

then the States paying the FedGov in anything other than Gold or Silver would be endorsing an illegal form of tender, no?

No.

96 posted on 09/20/2013 9:40:15 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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