<<*Sixty-two percent of panelists said the Federal Reserve’s plan to purchase up to $600 billion in Treasuries was good for the economy >>
LOL, I bet these are all WS types and they are biased.
They only care about financial markets, not the real economy.
And what you don't get is that Bernanke's support for financial markets and the institutions that live off of them only adds to the problem.
Ditto for the Obama stimulus that largely went to feed the same interests along with the public sector.
This all sifens resources that otherwise could have gone to Main Street in order to provide a temporary boost to financial assets (and the public sector) in order to feed the parasites so they can continue bleeding Main street while diluting the value of the currency.
Temporary. Get it???
<*“There’s no evidence that the market is treating the U.S. government like it’s broke.” The U.S. today is able to borrow at historically low interest rates ... Financial products that pay off if Uncle Sam defaults aren’t attracting unusual investor demand.*>>
Haha, see what happens the moment they stop QE2 ...errr "unconventional easing policy"...errr printing LOL.
<< And tax revenue as a percentage of the economy is at a 60-year low, meaning if the government needs to raise cash and can summon the political will, it could do so.>>
Are you nuts?
As to why tax revenues are down so much, you might ask yourself why that is???
A sign of strength in your mind??
Lack of profits mean anything to you?
What do you think happens if you raise taxes in this environment?
If you really think they can keep up with these charades, you're a fool.
govt needs to reduce it's role and the public sector needs to be cut down to size.
As does the financial sector!!!
The inequities between the public and private sector have become too much for the private sector to bear.
As to your continuing political partisanship and blaming of a previous administration, this is really getting old.
the democrats have had control of congress for over 4 years now and things are no better.
In fact, they are being made worse.
And eventually, you are going to have to face up to that reality.
And grow up.
Neither political party deserves our respect.
And until the whole political process changes such that lobbyists don't have so much influence, I doubt much will change.
*the democrats have had control of congress for over 4 years now and things are no better....*
June, you look at better, but you see worse... that is just delusional.
You say: *...until the whole political process changes such that lobbyists don't have so much influence, I doubt much will change.* Great. So, you are going to give a tea party and change the whole process? Nice try, in theory.
Get real... The choice is about you, personally, making a difference by understanding the distinction between better and worse, and acting on that knowledge at the ballot box. That IS our system.
So, where do you stand, June?
Do something or Do nothing? Benefit the majority or Benefit the minority? John Stewart or Rush Limbaugh
I sold 1/2 of my position last Thursday at $40.83 and made some nice change. Change I can believe in since I got the check from my broker this Tuesday, mailed it to my bank and wait to see how long it takes for the Postal Service to deliver.
I saw B Gross sell all his T-Bonds yesterday; he still holds short term T-bills and am very excited since I have a position in PTTRX. It's about time. Now I see, some, sanity in the market. I see doomsday coming October 27th because it is a Thursday when all the major players sell and leave the chumps holding the bag. I will buy back in next year; maybe.
Interest rates will skyrocket by then. I have opened an account w/ BOC and converted to rmb w/, some, of my portfolio.
Good luck to you all and God bless you all as I pray for ALL OF US ON THIS EARTH.
Gartman was on CNBC saying QE IS OVER. Interest rates are going to skyrocket when Ben steps out of the Treasury market since the FED was the only buyer in the treasury market. CASH IS GOOD, actually King. I highly recommend you go there.