“Economic recovery has firmed up”....
and the other one plays jingle bells.
Ok so a few more months of pumping and then what???? Fun and games R US.
Well if you think things are bad now wait til they stop pumping and rates go up even a point or two. The already horrible housing market will screech to a halt. Without a housing recovery there will be no economic recovery.
IMO the Fed has no idea of how to bring us out of this downward spiral. They are destroying the dollar. The only thing that will probably save us in the short term is the unravelling of the Euro which will cause a flight to the dollar.
Hah. Hah. Hah. Keep curling the mustache, boys. Hell ain’t half full yet.
The minute the FED turns off the 0% money spigot to Wall St., kiss DOW 14000 good-bye. Since the DOW is used as a propaganda tool to tout economic recovery to the masses, that is highly unlikely to happen. Once the government takes over a market and props it up, they have basically told everyone that the other choice is to painful. The end game will still be the same, which is the market collapses once the prop is removed. The longer they delay in taking their medicine the worse it will be when the inevitable happens.
This is a jumbled bunch of nonsense indicating no real substance.
The essence is that there is not total agreement.