A lot of the problem is that they're not doing a very good job of managing expectations; to a large extent the market just doesn't believe them. Lacking those specific details as you say, the market has to guess based on vague statements, which means you end up with massive swings for little apparent reason (other than vague statements). Bernake is either a genius or the worst fed chairman in many years, depending on what happens in the next ~5-10 years to prove his 'don't tell them anything' strategy right or wrong.
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They can't keep up QE forever, at some point in time the QE has to go away and let the economy stand on its own. They could have planned a better exit strategy though; something to ease out of QE...not a suggestion that they might cut the rope entirely all at once at some point.We're sorry, the voices in my head are not available at this time. Please try back again soon.
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I understand basically none of this, but will any of it, somewhere down the road, possibly lead to the availability of savings accounts that give decent interest? BB&T is offering some .05% rubbish right now. Dunno what they used to be like, but .05 is just sad.
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Originally posted by Spaced Cowboy View PostThey can't keep up QE forever, at some point in time the QE has to go away and let the economy stand on its own. They could have planned a better exit strategy though; something to ease out of QE...not a suggestion that they might cut the rope entirely all at once at some point.<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.
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Originally posted by Elok View PostI understand basically none of this, but will any of it, somewhere down the road, possibly lead to the availability of savings accounts that give decent interest? BB&T is offering some .05% rubbish right now. Dunno what they used to be like, but .05 is just sad.<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.
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Originally posted by Elok View PostI understand basically none of this, but will any of it, somewhere down the road, possibly lead to the availability of savings accounts that give decent interest? BB&T is offering some .05% rubbish right now. Dunno what they used to be like, but .05 is just sad."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
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Originally posted by Sava View PostIf my caring mattered, or had any effect whatsoever, I might do so."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
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Originally posted by snoopy369 View PostA lot of the problem is that they're not doing a very good job of managing expectations; to a large extent the market just doesn't believe them. Lacking those specific details as you say, the market has to guess based on vague statements, which means you end up with massive swings for little apparent reason (other than vague statements). Bernake is either a genius or the worst fed chairman in many years, depending on what happens in the next ~5-10 years to prove his 'don't tell them anything' strategy right or wrong."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
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Originally posted by PLATO View PostIt is not so much how you can change things by caring, but how things changing can affect you and your personal financial position.
My ability to motivate myself to produce content is a bigger issue for me personally.
Any advice on how to not be a lazy bastard?To us, it is the BEAST.
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Originally posted by Sava View Postthe great bush depression
All that being said...Bush was very much a lightweight in financial matters and did not try to use his political clout as President to push harder for change. Treasury just didn't have the ear of the White House at that time. They did try to do things, but no one really understood how deep the rabbit hole was."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
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Originally posted by Sava View Post
Any advice on how to not be a lazy bastard?"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
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Originally posted by PLATO View PostIndeed...the inevitable outcome of the Clinton/Reno implementation of the community reinvestment act. Take a look at what they did in 1998 and let me know if you see things differently. Let's also not forget Bush's push to reform Fannie/Freddie that was shot down by Charlie Rangel's group as being "bad for the poor".
All that being said...Bush was very much a lightweight in financial matters and did not try to use his political clout as President to push harder for change. Treasury just didn't have the ear of the White House at that time. They did try to do things, but no one really understood how deep the rabbit hole was.To us, it is the BEAST.
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