And there it is. the standard conservative "whine at the facts, predict a collapse" narrative. Where's that hyperinflation and collapse of the dollar cons promised? President Obama has reduced spending while maintaining positive growth. Who but al queda would complain about that? anyhoo DA, spending is measured as a function of GDP but that doesn't help your silly "whine at the facts, predict a collapse" narrative so you require spending be reduced on nominal basis. When you understand economics, come back and attempt to make a point.
LOL !!!
Your'e so ridiculous VERN. The LACK of "inflation" is on it's own, is a glaring indication that QE was a massive failure as Trillions in liquidity sits idle.
I'm serious, the FED has designated the massive increase in liquidity since 2008, on their balance sheets as "excess" reserves because it's not making it out into the economy.
I think it's funny how your'e counting your money but are absolutely oblivious to the fact it's devaluing right before your eyes BECAUSE of QE.
Since QE drove yields into the dirt, investors had to move into riskier investments including commodities which has had the effect of a Commodities Boom.
From 2010 to 2011 alone, the S.P GSCI Agricultural Index of Crop Prices Doubled causing a increase in food prices, and that affectS EVERYONE, especially the poor VERN.
But of-course, the CPI doesn't weigh food and energy increases like they use to so, you can keep "bragging" about low inflation, as the effects of QE continue to damage our economy.
Lets' review VERN....
YOU started a thread bragging about a FED policy that hasn't had any measurable positive effect on our economy, that's drove yields into the dirt thereby forcing people that use to rely on safe fixed rate income from interest earned on bonds into more risky investments.
Your bragging about a FED policy that has ONE legitimate financial connection to the market. And that is, it's made safe investments very unattractive. The Stock market increases aren't tied into Substantial corporate growth by any substantial measure VERN.....it's all artificial.
Corporate and small Business investment as a share of GDP is at it's lowest level since 1947 VERN.
But that qualifies as a Presidential accomplishment ? Lol...
Your crediting this policy as a success, the same FED policy that's actually caused lending institutions to TIGHTEN up their lending because it's removed incentives in the form of the profit they can earn on interest. Why would a bank risk their Principle for nothing ?
Your'e bragging about a policy that's forced Large corporations to pump tens of millions of dollars of Capital into their under funded Pension funds because interest on the Ten Year Treasury has been pushed down under 3%.
You're' bragging about a Fed policy VERN, that's allowed Corporations to take advantage of cheaper interest expenses which they've turned into profit even when they still refuse to higher in any substantial amount.
Why would they hire VERN ? The economy with or without QE is still absolute crap and now Corporations and investors are going to start hedging against the effects of discontinuing QE.
Your bragging a bout a FED policy that's increased the FED's balance sheet to 3.75 TRILLION dollars, a record amount with assets that are artificially overvalued by the FED
own purchases, and worthless MBS's bought from the Democrat protected Fannie Mae and Freddie Mac. The FED will need to sell all of that crap VERN when this is all over. Who's buying crap MBS's and overvalued assets in a down economy ? No one.
Your bragging about a FED policy that when it's stopped, will force a massive bond sell off and a corresponding interest rate increase. And QE will be stopped on the highly arbitrary FED metric of a " 7% unemployment rate", which of-course isn't an accurate indication of just how sick our economy is under this President.
When that happens we'll have the same desperately ill economy, but now with higher interest rates and a US Bonds that no one wants anymore. Countries have only been buying our crap currency to hedge against their overvalued currencies VERN.
In November of 2013, China announced that they were no longer going to purchase Foreign Exchange Reserves....Oooops.
Higher interest rates won't be offset by REAL growth because NOTHING has been done by the Democrats to address the REAL issues affecting our economy. There's nearly 40 Jobs bills sitting in the Senate from the House, but the Democrats, aside from their retarded Green energy Jobs scam and "Stimulus" haven't offered up any LEGITIMATE initiatives.
There is no REAL organic corporate growth to offset the effects of the FED's highly destructive QE. If they're hoarding NOW, what makes you think they're going to open the flood gates of investment when interest rate increases start making credit more expensive for millions of Americans ?
But your'e happy huh ? Because of a short term bump in a 401k or IRA that's entirely due to our Treasury creating assets out of thin air, so our FED can buy them in enough quantities to cause a Asset Bubble ? Lol......
Well, given your explanation on the Sub-prime Collapse that really doesn't surprise me.