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Federal Open Market Committee Statement
Federal Reserve Board of Governors ^ | 8/9/11

Posted on 08/09/2011 11:39:44 AM PDT by markomalley

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1 posted on 08/09/2011 11:39:47 AM PDT by markomalley
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2 posted on 08/09/2011 11:41:05 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: markomalley
they went to the bother of issueing a statement to say that???
3 posted on 08/09/2011 11:41:45 AM PDT by pgkdan (Time for a Cain Mutiny!)
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To: markomalley

Any chance we can get Obummer to talk to the nation again so we can pick up more stocks at cheaper prices?


4 posted on 08/09/2011 11:43:08 AM PDT by Snardius
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To: markomalley
the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent

Sweet. More death for savers.

5 posted on 08/09/2011 11:44:10 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: markomalley
...are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013...

Obama 2012 Campaign is shovel-ready.

6 posted on 08/09/2011 11:44:14 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: pgkdan

Why does it list the people involved in making the decision, when nothing changed?

Oh, it’s like that old Rush lyric.

“If you choose not to decide, you still have made a choice.”

- Geddy Lee

http://www.youtube.com/watch?v=OnxkfLe4G74


7 posted on 08/09/2011 11:45:16 AM PDT by library user (Just because you're homeless doesn't mean you're lazy.)
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To: library user
The language did change. See the redline comparison to the prior language here: FOMC redline statement
8 posted on 08/09/2011 11:53:12 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: markomalley

Steady as she goes ( . . . downhill).


9 posted on 08/09/2011 11:54:32 AM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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10 posted on 08/09/2011 11:57:52 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: markomalley

Thanks for the graphic. Here we go again. This next hour and twenty should be interesting, to say the least.


11 posted on 08/09/2011 11:58:30 AM PDT by DoughtyOne (The Destroyer is anti-US anti-West anti-Christian anti-Israel and reminiscent of the anti-Christ.)
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To: markomalley

So these gurus don’t expect any significant rise in inflation, but we are printing money like there’s no tomorrow to paper over our recurring $1.5 Trillion deficits.

I’m not an economic genius, but I sense a disconnect here.


12 posted on 08/09/2011 11:59:02 AM PDT by henkster (Ethanol belongs in a beer can, not a gas tank.)
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To: markomalley

OMG, down 140+...

It dumped about 150 in the last few minutes.


13 posted on 08/09/2011 11:59:38 AM PDT by DoughtyOne (The Destroyer is anti-US anti-West anti-Christian anti-Israel and reminiscent of the anti-Christ.)
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To: All

Recovery Summer I
Recovery Summer II
Recovery Summer III
Recovery Summer IV
Recovery Summer V
.....


14 posted on 08/09/2011 12:00:09 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: markomalley

...ah, 189+...

Ouch!


15 posted on 08/09/2011 12:00:32 PM PDT by DoughtyOne (The Destroyer is anti-US anti-West anti-Christian anti-Israel and reminiscent of the anti-Christ.)
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Starting to tank really fast now that it's setting in.

16 posted on 08/09/2011 12:00:38 PM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: DoughtyOne

I am out. This is stupid. I would be better off cashing in the IRA to pay off the mortgage and just living off the land. Who needs this crap?

[That is sarcasm. I rather enjoy watching the IRA slowly melt, like an ice cube on asphalt during this summer of global warming.....)


17 posted on 08/09/2011 12:01:32 PM PDT by Vermont Lt ("Will No One Rid US of This Meddlesome Priest?")
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-200 now...

18 posted on 08/09/2011 12:02:52 PM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: markomalley
Another -500 finish coming.
19 posted on 08/09/2011 12:04:20 PM PDT by library user (Just because you're homeless doesn't mean you're lazy.)
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To: Vermont Lt

I hate watching it melt down keeping in mind the people with IRAs out there.

I love seeing it melt down under this dufus and complicit Congress. A pox on them all.

It was down 205 a minute ago, and is now back to 86 down. This is a schizoid market.


20 posted on 08/09/2011 12:04:55 PM PDT by DoughtyOne (The Destroyer is anti-US anti-West anti-Christian anti-Israel and reminiscent of the anti-Christ.)
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