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QE 3 ? The Ben Bernanke on 60 minutes

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  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    QE to infinity will not solve the jobs problem.

    The banks have to go under, setting off a system reset.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    This is what caused the spike in the markets @ 3:30pm on Friday. A snipet of the interview with Bernanke and QE to infinity was released at that time. MJ
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  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Urgh. Throwing money at herpes doesn't make them go away.


  • << <i>This is what caused the spike in the markets @ 3:30pm on Friday. A snipet of the interview with Bernanke and QE to infinity was released at that time. MJ >>



    you are correct sir!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I propose Buzz Lightyear for the next FED Governor opening.

    roadrunner
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  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>60 minutes 12-5-2010 >>



    Bernake is a financial terrorist.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image
    Avid collector of GSA's.
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>

    << <i>60 minutes 12-5-2010 >>



    Bernake is a financial terrorist. >>



    He's a product of his environment and doing as good a job as could be expected.
  • coinnerdcoinnerd Posts: 492 ✭✭✭
    We know what we are doing and have everythng under control. You have nothing to worry about.

    Yea Right.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Rather than critisising, what's your plan to get unemployment back under 5% and for your property to be worth what it was 2 years ago? I know it's not your job or duty to figure it out as it is his, I'm just saying, what would you do? Not being a smart arse, just asking.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    The way to stimulate the economy is to cut government spending and also reduce taxes, then outlaw unions from controlling wages.

    This is outside of what the Fed is capable of doing so, so they are resorting to the only choice they have. Eventually what they are doing will stimulate the economy because it is weakening the dollar and will force us to buy more US products.

    The problem is the other countries are also weakening their currencies so we have to do twice as much to make it effective, that is why there is talk of QE3. The people hurt the most will be the poor, and the rich will prosper under a QE3.

    The poor will be forced to take low paying jobs that will make manufacturing possible again, this is why there is talk of doubling exports in 4 years. But it won't happen unless taxes are lowered and spending is cut, something that won't happen with this President.

    BTW if anyone think unions are still necessary take a look at California, a state entirely run by unions. They are near bankruptcy and won't cut spending if it involves unions, so there is no cutting. Most of the money for education goes to retirees and teachers that have half a school year and the rest of the year is a vacation.

    So in a bizarre way what the Fed is doing may be saving this Country by lowering our standards. If the dollar crashes enough then the union wages will not be as good as they once were, and we can compete. With enough QE it will happen.
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Rather than critisising, what's your plan to get unemployment back under 5% and for your property to be worth what it was 2 years ago? I know it's not your job or duty to figure it out as it is his, I'm just saying, what would you do? Not being a smart arse, just asking. >>



    First, fire bernake. Second cut corporate taxes so they can hire and third, cut individuals taxes so they can spend more. It's that simple.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    My question to the Stock trader who depends on Wallstreet running.

    QE1 saved your way of making a living the way I see it.

    What am I missing? I can not understand all the Ben Bernanke bashing from this crowd.
    Avid collector of GSA's.
  • dbcoindbcoin Posts: 2,200 ✭✭
    Rather than criticizing, what's your plan to get unemployment back under 5% and for your property to be worth what it was 2 years ago?

    The majority of the unemployed are under educated with high school diplomas or less. There is no fix for them.

    For those with college degrees and more, how about starting with:

    - increasing the fees on H1-B visa workers. If there truly is a shortage of tech workers, then companies would be ok with paying the increased fees.



  • << <i>60 minutes 12-5-2010 >>

    Be careful! remember, I got into trouble posting these "not directly related PM stories"
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  • 2ndCharter2ndCharter Posts: 1,656 ✭✭✭✭✭
    The majority of the unemployed are under educated with high school diplomas or less. There is no fix for them.

    I totally agree - now that I'm retired, I've occasionally taught as a substitute in the local high schools (along with other part-time work) and I'm stunned at the high dropout rates. Aside from a burger-flipping job, these kids have no future and will become part of an almost permanently unemployable group.

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