Fed set to downgrade outlook for US

http://www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html ^ | 8/8/201 | james politi

[RummyChick]

The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.

Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth.

Smaller measures to help the economy could initially take the form of a decision to reinvest proceeds from maturing mortgage-backed securities held by the US central bank, thereby preventing the Fed’s balance sheet from shrinking naturally.

[RummyChick]

Meanwhile....

[ClearCase_guy]

Apparently Michelle’s vacation cost waaaaaaaaaaay more than we thought.

[Hildy]

What is that woman wearing? Does she have ANY people around her who make her look in a mirror before she goes out?

[chrisser]

IBTU

In before the “unexpected”

[RummyChick]

When does she start the next one...

[omega4179]

With 17% U6 unemployment during the birthday alone with hoops, Golf and friends while the first lady is in Spain is extremely awkward and tone deaf. just who is packaging these people’s image?

[SanFranDan]

Clearly the First Wookie doesn’t belong in that picture

[RummyChick]

I meant to check the box that this was an excerpt. Here is an interesting paragraph

"The latest poor reading came in Friday’s monthly employment report, which showed the US private sector creating only 71,000 jobs in July – not enough to keep up with population growth, let alone bring down the unemployment rate. That followed news a week earlier that growth in US gross domestic product slowed from an annualised rate of 3.7 per cent in the first quarter to 2.4 per cent in the second quarter."

So as the bad news hits and keeps on hitting...Shelly keeps on vacationing.... btw, the Princess in that picture is quite stylish. I wonder what she thought of the Obamas and their shiny shoes...lolol

[Jet Jaguar]

Ping

[OpusatFR]

“decision to reinvest proceeds from maturing mortgage-backed securities held by the US central bank, thereby preventing the Fed’s balance sheet from shrinking naturally.”

They have to be kidding...or insane, or liars or so da**ed incompetent they actually think this.

This is like throwing vomit against a wall and saying it’s a great color and it smells nice too.

[Oldeconomybuyer]

W’s Fault.

[sheana]

Obviously we need another speech from BO.

[HangnJudge]

May have something to do with...

Also...
Corporate Tangible Assets dropping into the toilet
And converging on Total Corporate Credit
While the stock market (equity) acts as if nothing is happening

And...
M3 continuing to contract

[HangnJudge]

And...

[HangnJudge]

As well as...

[blam]

This guy says the 'jig' is up in 6-12 months.

What do you think?

Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression

[taildragger]

Josh, the poor princess on the right must feel like the hottie in the Munsters, what the hell I am doing here with these wachadoodles...

[HangnJudge]

Unemployment claims still much too high...

[Nachum]

Thanks Jet Jaguar

The list, ping

[Son House]

While the stock market (equity) acts as if nothing is happening

Running out of places to invest. Say you buy bonds, GM showed us they don't have to pay back, and Fannie's bonds, mortgage-backed securities are just as bad if not worse(as if Congress fixed it), cash can get ate away at inflation