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The dead giveaway that the economy is all smoke and mirrors is that Yellen was very hesitant to give a timetable when interest rates would go up. If the employment situation is booming automatically interest rates should go up. She refused to say when. This is tells me we are in real big trouble.
1 posted on 12/18/2014 7:37:48 AM PST by GilGil
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To: GilGil

>>the combination of those factors will, I believe, help to trigger a massive decline in the U.S. dollar

Against what?


2 posted on 12/18/2014 7:43:05 AM PST by oblomov
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To: GilGil

An economy and “prosperity” built on borrowed and printed money, with ongoing deficit spending and a minimum of $75 trillion in unfunded liabilities, will inevitably collapse Fed or no Fed.


3 posted on 12/18/2014 7:46:33 AM PST by allendale
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To: GilGil
The economy is going to head down as we get into reporting in early 2015. Along with that will come renewed expectations of action by the Federal Reserve to accommodate the financial system, particularly the banking system,

And herein lies the unseen reason for the Cuba deal bringing Cuba's failed economy under the wing of the American banking system and ultimately the American taxpayer who will be responsible for the bailout. Russia and Venezuela are kaput financially and can no longer sustain their ventures in Cuba. The Castro power base will erode without outside money and Obama is proud to provide it for his Marxist brothers.

6 posted on 12/18/2014 7:53:33 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: GilGil

The Fed is on a terminal treadmill. They cannot raise rates they are trapped. They will have to continue to print and keep rates low. They have no idea of how to get out of this mess.


8 posted on 12/18/2014 8:24:16 AM PST by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: GilGil

Well, at least you know where he is coming from: He wants to sell you gold.

Just one more guru who has an idea that he knows the future course of the economy. You can take your pick of all the gurus out there and make your economic decisions based on how good you calculate their predictions are.


16 posted on 12/18/2014 1:56:36 PM PST by wildbill (If you check behind the shower curtain for a murderer, and find one... what's your plan?)
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