Check out article then # 6 , # 10 , # 11 .
Posted on 10/10/2015 11:17:56 AM PDT by Lorianne
A goal of a 4% economy? That objective, mentioned frequently in the 2016 presidential race, is getting farther away, according to the latest projections from the staff of the Federal Reserve.
Minutes of the Fed’s Sept. 16-17 policy meeting disclose the Fed staff further trimmed its assumptions for the rates of productivity and potential growth over the medium term. The minutes did not specifically quantify the new forecast of the Fed’s in-house economists.
The Fed staff’s view was already gloomy. A mistaken leak this summer by the U.S. central bank revealed, going into the Fed’s June policy committee meeting, the U.S. central bank’s staff penciled in potential growth averaging just 1.74% over 2015-2020, according to the document now on the Fed’s website. That’s down from an average growth rate of 3.1% over the past 50 years. Ordinarily those forecasts would have been kept secret for five years.
(Excerpt) Read more at marketwatch.com ...
Ordinarily those forecasts would have been kept secret for five years.
Why?
They can fix this real easy and make the economy boom, people prosper, businesses grow, new businesses start ups, etc. They just choose not to.
“Why it is falling remains a puzzle.”
Ha ha. I always love reading this kind of stuff in all of these articles from “experts”. “We don’t know why” “unexpected” “it shouldn’t be happening like this” “new territory” blah blah blah
We all know why. No one wants to actually say it.
SUMMER OF RECOVERY!!!
That’s right; rather than admit a (half) black man failed, we’ll just pretend something mysterious is to blame (maybe Republican obstructionism or another boogieman).
It is terrifying how truth has been absent for seven years at this point; we have set a precedent where honesty is forbidden when dealing with blacks. This will damage them even further as they fall behind academically and economically...
OK
[Why it is falling remains a puzzle]
Yes, the spin of nonsense continues.
https://www.youtube.com/watch?v=xJ2UAYgIXG8
Nothing the Fed says changes the underlying reality.
They cannot “upgrade” or “downgrade” the economy with words.
“This will damage them even further as they fall behind academically and economically...”
It’s not up to us.
I know; just be prepared and armed for the inevitable tantrums that periodically issue forth from our illiterate unassimilated underclass.
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Check out article then # 6 , # 10 , # 11 .
Why?
The article doesn't say, probably because that part was made up to get the thing published and pander to the Fed-bashers. The FOMC minutes are clear that the reason the rates stayed flat was because the the members know there's no inflation to speak of so a hike's not needed and that the economy in general's falling about. It's all in the Minutes of the Federal Open Market Committee, September 16-17, 2015 and the shift in views/revised outlooks for 2015 are on page 6 and 8.
Why?
Just guessing here...
So the bad new comes out in the next (republican) administration?
Sorta like how the homeless magically reappear on January 21st...
This is what happens when you tax and regulate everything and anything, write laws which are complex and often contradictory, and then use the IRS as a political weapon. We live in a banana republic. I would not be surprised if 200 million Americans are dead when this is all over, because the looters are not going to give up their parasitical ways voluntarily.
“1.74%” ????????
They are probably lying about that, too!
After all, they are LIEberals!
And, what LIEberals do best is LIE!
Hold the truth for five years, eh? So the FED (government) holds their actual assessment and puts out spin (lies).
Can we say Pravda? The Ministry of Truth? Either/both fits.
And I agree w/ you, sir. The 1.74% is probably optimistic as well.
There may have been a time when governments didn’t lie to We the People, but since they are self-serving organisms, intent only on survival, government (at all levels, BTW) will lie, cheat and steal to survive.
We the People are very limited in what we can do change their behavior, as you well know.
I once asked former Congressman Ron Paul “What is it about good people who come to Washington, DC to do the work of the people, and two weeks after they are sworn in, are doing the work of the government?”
His response: “You have just convened a seminar!” And he proceeded to tell me.
The short answer is that it is assumed by the “leaders” of both parties that the primary interest of every Congressman and Senator is to get re-elected, so the “newbies” are promised all sorts of “help.”
But, there is a condition: “Do what we tell you to do, and vote the way we tell you to vote!”
IOW, “Play ball with us or we’ll stick the bat up where the sun don’t shine!”
So, there you have it.
Until we are smart enough to elect Representatives and Senators who cannot be bought, we will continue to suffer the slings and arrows of an arrogant, lying government!
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