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Fed says economy too weak to begin taper
MarketWatch ^
| October 30, 2013
| By Greg Robb
Posted on 10/30/2013 11:45:36 AM PDT by Oldeconomybuyer
The Federal Reserve decided Wednesday to hold monetary policy steady, saying that conditions remained too weak to pull back from its bond-buying program.
By a vote of 9 to 1, the Fed decided to maintain the pace of its monthly asset purchases at $85 billion-a-month.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: ecnonomy; failure; fed; obamanomics
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It's only your grandkids money.
To: Oldeconomybuyer
It has always been thus..................
2
posted on
10/30/2013 11:47:26 AM PDT
by
Red Badger
(Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
To: Oldeconomybuyer
Just keep on printing...it’s worked so well in the past.
3
posted on
10/30/2013 11:47:31 AM PDT
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: Oldeconomybuyer
Never have so few screwed it up so badly for everyone.
NO Fault Bug Gubamint on Parade!
4
posted on
10/30/2013 11:47:52 AM PDT
by
NormsRevenge
(Semper Fi)
To: Oldeconomybuyer
it’s just fiat money anyway.
all they have to do is print 8 billion fiat notes, give them to banks and let them do their fractional reserve lending on that 8 billion and you’ll have 80 billion additional dollars created out of nothing.
every month.
5
posted on
10/30/2013 11:50:40 AM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: Oldeconomybuyer
Unique argument.
Gets an “A” for “Audacious.”
6
posted on
10/30/2013 11:51:23 AM PDT
by
Steely Tom
(If the Constitution can be a living document, I guess a corporation can be a person.)
To: Secret Agent Man
The problem is they get printed, future generations get the debt but there is no money getting to the people to spend and expand so nothing happens.
7
posted on
10/30/2013 11:52:47 AM PDT
by
edcoil
(System now set up not to allow some to win but for no one to lose!)
To: Oldeconomybuyer
We are falling too fast for the parachute to open....
8
posted on
10/30/2013 11:52:54 AM PDT
by
alloysteel
(Men may not always be capable of evil, but they are always capable of incompetence.)
Raise your hand if you are surprised.
9
posted on
10/30/2013 11:53:42 AM PDT
by
Ghost of SVR4
(So many are so hopelessly dependent on the government that they will fight to protect it.)
To: All
why would they taper. there moving wealth from the Christian middle class of the heartland to new York. perfect plan, i bow down to their genius.
To: Oldeconomybuyer
Okay everybody all together now:
"If you keep doing what you been doing, ........................".
11
posted on
10/30/2013 11:55:06 AM PDT
by
oldbrowser
(The debt limit is the emergency brake on government spending)
To: Oldeconomybuyer
The Dow wasn’t impressed for some reason.
12
posted on
10/30/2013 11:56:38 AM PDT
by
John W
(Viva Cristo Rey!)
To: oldbrowser
Move your wealth out of savings and into assets.
Prepare yourself for economic collapse.
Insulate yourself from the consequences of actions of others that you can’t stop.
13
posted on
10/30/2013 11:57:07 AM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Oldeconomybuyer
‘Fed says economy too weak to begin taper’
Wisdom says the Feds are too incompetent to wipe themselves. If these guys were medics they would patch an entry wound and ignore the exit wound.
14
posted on
10/30/2013 11:59:04 AM PDT
by
lurk
To: Oldeconomybuyer
The government is too big to get smaller. Got it?
15
posted on
10/30/2013 12:02:32 PM PDT
by
SpaceBar
To: Oldeconomybuyer
The Fed is still spouting the “economy’s too weak” BS I see. QE has nothing to do with the economy, it has everything to do with papering over annual deficits that exceeds China’s ability and willingness to absorb.
16
posted on
10/30/2013 12:11:03 PM PDT
by
henkster
(Communists never negotiate.)
To: Oldeconomybuyer
Fed says economy too weak to begin taper So let me see if I understand this correctly... The Fed is stating that their intervention, which was allegedly intended to strengthen/bolster the economy and has not worked in the last five years, must continue to strengthen/bolster the economy?
17
posted on
10/30/2013 12:12:24 PM PDT
by
Common Sense 101
(Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
To: henkster
I thought they stopped worrying about China years ago and just have Ben stockpile the paper at the fed. Did I misunderstand?
18
posted on
10/30/2013 12:12:50 PM PDT
by
nascarnation
(Frequently wrong but rarely in doubt....)
To: nascarnation
They stopped worrying about China when China stopped buying all of the debt. That’s when Ben turned monetary policy into a video arcade game.
19
posted on
10/30/2013 12:14:15 PM PDT
by
henkster
(Communists never negotiate.)
To: Oldeconomybuyer
.
Last night I watched Atlas Shrugged for the very first time ...
It scared the hell out of me ...
It's like the sequel to the movie 2016 ...
"Very" bad times are a comin' folks ...
.
20
posted on
10/30/2013 12:53:19 PM PDT
by
Patton@Bastogne
(Swine Piss be upon the Sodmite Obama, and his Child-Rapist False Prophet Mohammed)
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