Fed about to push on a string?
The economy is growing fast enough to assure me it will continue to slow. (See 1 below.)
---
Meanwhile Liberals attack 'chickuns' in order to avoid talking 'turkey ' about the dire straits Obama's policies have gotten us into as economic debt' pigeons' come home to roost. What dumb clucks they think we are.
And as for those Liberals and Progressives who believe behaviour is interchangeable with traditional descriptions, and for those PC'ers who believe most everything is relative - that there is no black and white and all traditional values are subject to challenge - I submit, in quest of fairness, objectivity and relativism (words they should love):
Rape should now be described as non consensual sex and
Murder as non consensual death
Theft as the unexplained disappearance of one possessions
Crime as random acts of those opportunistically limited.
You get the point?
By softening the harshness of societal judgement we can continue down that Liberal roadway Obama and government built while singing : "when all else fails, lower your standards."
Was it not Shakespeare who wrote about that Dane who said? - something is 'a-fowl.'
---
Click on Johnny Carson hilarious political lie detector press conference below:
Today Obama signed a bill funding a program which provides Israel with important technology to defend itself against incoming rockets sent by Hamas and other radicals. The bill was signed on the eve of Romney's visit to renew his friendship with Netanyahu who worked at Bain when Romney was there.
Obama and his supporters claim he has done more to protect Israel's back than any president has some credibility but it reminds me of a politician who feeds and trains one's ring opponent and then provides bigger gloves to his, so called, friend.
On any give day, Israelis never know with Obama where they stand and what policies he might enact that will threaten their survival. All they have to do is look at how he responded in Libya, what he has failed to do in Syria, his kiss up with the Turkish Prime Minister and finally his inept sanctions which may be causing Iraqi citizens to be pinched but has done nothing to prevent Iran's persistent develop of nuclear weapons.
I cannot forget Obama's aside to Medvedev that he should tell Putin to give him some breathing room until after he is re-elected and the more recent leaking of critical national secrets regarding simply to enhance Obama's image for re-election purposes.
Obama's call for Israel to negotiate returning to 1967 borders, his bumbling efforts to appease Palestinians by bringing pressure to bear on Israel, in the mistaken belief it would result in a two state solution, his openly blatant treatment of Netanyahu, and finally, his many proclamations and immediate reversals cannot be ignored. They are the actions of a bumbler at the very least and a two faced politician at the very worst.
I continue to believe the latter and would not trust him any further than the bus he keeps parked at the White House for former friends who have tire marks on their bodies as a result of being thrown under it when it suits his political purposes.
Obama is the most disingenuous liar to occupy the office in recent times. I believe he will stop at nothing to get re-elected. This is why I believe Obama will be defeated soundly, not because Romney is the best at articulation, but because of the manure Obama has spread with his own mouth.
I hope that is straight forward enough for you to grasp the level of my feelings. (See 2 below.)
---
About the film "2016." (See 3 below.)
---
Dick
---------------------------------------------------------
1)Economist Morici: Not Much More the Fed Can Do
While the Federal Reserve is close to announcing additional measures to stimulate the economy, there is little left that the central bank can do to constrain the threat of another recession, according to Peter Morici, professor at the Smith School of Business at the University of Maryland and former chief economist at the U.S. International Trade Commission.
The Fed has already done all the actions that might make a difference, and short-term interest rates, including the overnight bank-borrowing rate and the one-month and one-year Treasury bills, are already close to 0 percent.
Moreover, the yields on 30-year Treasurys and mortgage rates are near record lows, so any additional Fed measures would not be effective, he wrote on his website.
Yet, the economy is growing at less than 2 percent, and jobs creation is not even keeping up with the population growth.
The continuing European debt crisis, resulting in a weaker euro, and the slowdown in China, resulting in a weaker Yuan, suggest that exporting and importing businesses in the United States will be challenged by a difficult environment for the rest of the year, Morici said.
And trade deficits on consumer goods and oil with china, as a result of government inaction, negatively affects demand for U.S. products.
“Simply, Americans—even those with secure jobs—are hunkering down for a long siege and disgusted and frightened by corporate leaders and bankers who take outsized salaries while they mine the nation’s assets to invest abroad and gamble with government-insured money,” he wrote. “All the while, they place the prosperity of ordinary Americans at grave risk to serve their avarice.”
The Federal Open Market Committee is scheduled to meet next Tuesday and Wednesday.
Even if the Fed announces that it plans to keep the short-term interest rates near 0 percent for the next few years, it would have little impact on investors, as few expect the Fed to increase rates any time soon.
“Central bank policy can help dampen inflation when the economy overheats and lift borrowing and home sales a bit when it falters, but it can’t instigate faster growth when the president and Congress fail to address structural problems,” he wrote.
“Lacking better policies from the Oval Office, there is little the Federal Reserve can do,” Morici said.
Most Wall Street investment experts believe that more stimulus from the Fed is coming, according to a recent CNNMoney survey.
Of the 30 experts polled, two-thirds said the Fed’s extension of its Operation Twist policy at the FOMC meeting in June was warranted, and the same percentage believed the Fed will reconsider a third round of quantitative easing (QE3).
At the beginning of the year, experts wanted the Fed to start QE3 as a “last resort,” as the job market was improving and the manufacturing sector was strengthening, CNNMoney reported.
“Extending Operation Twist was a less overt move for the Fed to keep interest rates low, but I think economic conditions are moving in a direction that it could become necessary for the Fed to pump money into the system in a more obvious way through QE3,” Tom Schrader, managing director at Stifel Nicolaus & Co. Inc., told CNNMoney.
© 2012 Moneynews. All rights reserved.
---------------------------------------------------------------------------------------------------------------------
2)
Could 2012 be America's Last Presidential Election?
|
No comments:
Post a Comment