(AP STORY)
"The Treasury Department said Wednesday that last month's deficit totaled $140.4 billion" *we're headed fro another $trillion plus deficit.
"the Fed announced it planned to pump an additional $600 billion into the financial system over the next eight months in an effort to boost a sluggish economic recovery"
My argument has been HOW DOES this " boost economy"? asnwer it doesn't.
Can you believe this? one FED governor " Fisher, speaking on Fox Business Network, also said Fed officials want to make sure the dollar retains its purchasing power. He votes on the rate-setting Federal Open Market Committee next year."
SUckers rally?
"The Treasury Department said Wednesday that last month's deficit totaled $140.4 billion" *we're headed fro another $trillion plus deficit.
"the Fed announced it planned to pump an additional $600 billion into the financial system over the next eight months in an effort to boost a sluggish economic recovery"
My argument has been HOW DOES this " boost economy"? asnwer it doesn't.
Can you believe this? one FED governor " Fisher, speaking on Fox Business Network, also said Fed officials want to make sure the dollar retains its purchasing power. He votes on the rate-setting Federal Open Market Committee next year."
SUckers rally?
"In the worst-case scenario, investors could find themselves in what David Rosenberg, strategist and economist at Gluskin Sheff in Toronto, calls a "sucker's rally."
"[A]ll we know is that these Fed-led asset cycles end in tears, and few manage to get out early enough because greed is an emotion that may go comatose in a brutal bear market but it never fully expires," Rosenberg wrote in a note to investors. "In other words, quantitative easings are no antidote for structural economic problems, even if they manage to give investors a short-term sugar high."
There already were signs that the rally is sputtering, with the market negative on consecutive days for the first time since September and uncertainty prevailing over European sovereign debt.
"[A]ll we know is that these Fed-led asset cycles end in tears, and few manage to get out early enough because greed is an emotion that may go comatose in a brutal bear market but it never fully expires," Rosenberg wrote in a note to investors. "In other words, quantitative easings are no antidote for structural economic problems, even if they manage to give investors a short-term sugar high."
There already were signs that the rally is sputtering, with the market negative on consecutive days for the first time since September and uncertainty prevailing over European sovereign debt.
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