What happened to all of the doom and gloom economic threads?

[unregistered]

 

[RobDownSouth]

Bringing up AJ's superbad track record on predicting inflation makes you supermad?

I think he's angry that Fed Chair Bernacke rebuffed GOP critics and decided to release the iPhone 5 before the election.

 

[mercury14]

Because when those bonds hit the market that is going to be the beginning of an hyper-inflation, you dummy.

Bookmarked.

 

[mercury14]

I think he's angry that Fed Chair Bernacke rebuffed GOP critics and decided to release the iPhone 5 before the election.

See what happens when you remind him that Bernanke is a conservative Republican Bush appointee.

 

[unregistered]

 

[RobDownSouth]

The Derp meter just went to eleven!!1!!11

Because when those bonds hit teh market that is going to be teh beginning of an hyper-inflation, you dummy.

Yay!

Nostradumbass finally makes a prediction!

Quoting for posterior....I mean posterity.

 

[unregistered]

 

[mercury14]

It already exists, the CPI is a fixed index that does not include energy or food. It's designed to make fools like you think inflation is under control, and it is somewhat, because the banks are sitting on a mountain of cash they haven't pushed into the economy. Look at the PCI, it's over 20% a year. When the FED has to sell those bonds he's going to buy, inflation will follow.

Hint: those things are tracked too, just separately.

 

[4est_4est_Gump]

See what happens when you remind him that Bernanke is a conservative Republican Bush appointee.

We blasted Bush as not being conservative and every time we likened him to Harry Truman the Lefties went fucking nuts.

Quit trying to redefine conservatism on the fly.

It is only true that Bernake was a Republican appointee; that's why I, for one, am a Libertarian, but in your good guys versus the bad guys world view, you're exactly like Bush, you're either with us or against us...

 

[mercury14]

We blasted Bush as not being conservative and every time we likened him to Harry Truman the Lefties went fucking nuts.

Quit trying to redefine conservatism on the fly.

It is only true that Bernake was a Republican appointee; that's why I, for one, am a Libertarian, but in your good guys versus the bad guys world view, you're exactly like Bush, you're either with us or against us...

Bernanke falls under the conservative umbrella. You might find his brand of conservatism distasteful but he's still better described as conservative than a liberal.

 

[4est_4est_Gump]

You are trying to ascribe him a polity instead of acknowledging he's a Monetarist...



That's just wrong. If Romney did that, you'd call him a liar.

 

[unregistered]

 

[mercury14]

Then why is he trying to prop up Obama?

He's trying to prop up the economy. I know you resent anyone who tries to help America while Obama is in office but posts like that one are just dismal and betray your philosophy that borders on sedition.

 

[RobDownSouth]

Go ahead and quote it. What do you think will happen when all of this QE money you liberals complain about teh banks not lending finally starts to be lent and hit's teh economy?

It will result in an economic expansion.

You don't think teh FED selling bonds while teh government is running a trillion dollar deficit isn't going to drive up interest rates?

A healthy economy can and should absorb an inflation rate of between 2 and 3 per cent per year.

If 2008 showed us anything, historically low inflation rates do not by themselves benefit an economy, and deflation is at least as bad for the economy as high inflation is.

 

[Adre]

I see Moe and Larry are here explaining economics to us again. Now if that other idiot were here to explain how the bond market works we'd be set

 

[phrodeau]

get this Colorful Applique Design Protective Back Case for iPhone 5. so cheap, so beautiful, it's perfect.
$2.80 + free shipping.

http://lnk.ly/UzP

This should serve as an example for all the whiners on this thread. Here is a poster actively doing something to improve the economy. That's the entrepreneurial spirit!

 

[koalabear]

Oil tops $100 on stimulus plan

 

[4est_4est_Gump]

Then why is he trying to prop up Obama?

He's trying to prop up the economy. I know you resent anyone who tries to help America while Obama is in office but posts like that one are just dismal and betray your philosophy that borders on sedition.

Because Romney will fire his ass...

 

[4est_4est_Gump]

Oil tops $100 on stimulus plan

Yeah, a lot of people just don't understand how inflation works.

All they see is one shining positive number, LOOK AT THE STOCK MARKET!

Look at $4 a gallon gas looking to be the new normative as suppliers demand more of the weakened dollars.

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Obama Energy Secretary Steven Chu

Well you can do that by stealth, continue QE...

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes

 

[4est_4est_Gump]

I see Moe and Larry are here explaining economics to us again. Now if that other idiot were here to explain how the bond market works we'd be set

Yeah, they're going to want higher interest rates because the dollars they loan out are more valuable than the dollars they get back.

 

[Adre]

Because Romney will fire his ass...

No, he can't.

 

[4est_4est_Gump]

No, he can't.

He can refuse to reappoint him.

You have a point.

A poor one.

A parse.

 

[RobDownSouth]

Beranke's term doesn't expire until 2014.

 

[Adre]

He can refuse to reappoint him.

You have a point.

A poor one.

A parse.

No parse. Fact. Words have meaning...to some of us.

 

[mercury14]

He can refuse to reappoint him.

You have a point.

A poor one.

A parse.

He probably needs to wipe the entire fed committee clean then and replace them with his ideologues. From what we're hearing the committee was pretty united about taking rather drastic action.

Of course they're also united in wishing congress acted as well. But the GOP House has been sitting on Obama's jobs bill for a year because it includes too much spending. Nevermind that it's mostly infrastructure spending that we have to do anyway. The GOP wont let America front-load this spending to create jobs, not right before an election where Obama will get credit for them. Or 1-2 years before an election.

Party before country, always.