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Fed gloomier about the economy/ like we didn't already ... - 6/22/2011 7:36:58 PM

Marini

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At least the Fed is being a little bit honest these days.

Ben Bernanke and the rest of the federal reserve, announced that growth in the economy is slower than expected, the jobs market is weaker than anticipated and they are admitting to slower economic growth, higher unemployment and higher inflation in 2011 and 2012 than what had been expected.

Federal Reserve admitting to gloomy forecast

I don't think this is news to most people, but at least they are admitting it.

On the other hand, if they are actually admitting it, I am sure it is worse than what they are willing to admit to.

Hang on to your hats, money, and everything you have got, the road will continue to bumpy for a long time.

< Message edited by Marini -- 6/22/2011 7:41:16 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

Post #: 1

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 7:39:26 PM

pahunkboy

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From: Central Pennsylvania
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I liked the comments in the article... from WSJ.

(in reply to Marini)

Post #: 2

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 7:48:46 PM

provfivetine

Posts: 410
Joined: 2/17/2011
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SURPRISE!

When Greece defaults it will trigger phase two of this depression.

I'll be surprised if things aren't worse than they were in 08' by the time this year is over.

(in reply to pahunkboy)

Post #: 3

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 7:50:24 PM

Musicmystery

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Way to completely misrepresent the article.

Got any sources for your alternate claim?

(in reply to provfivetine)

Post #: 4

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 7:51:11 PM

pahunkboy

Posts: 33061
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From: Central Pennsylvania
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^ agreed. They might be able to delay it some- but in the end- the system is toast.

(in reply to provfivetine)

Post #: 5

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 8:02:16 PM

erieangel

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Joined: 6/19/2011
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Yeah we all knew the economy has continued to sink.

And it ain't gonna get any better until we stop giving all the money to the rich folk--they just hide it away. The poor spend each and every penny can get their calloused little hands on.

(in reply to pahunkboy)

Post #: 6

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 8:04:57 PM

provfivetine

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Joined: 2/17/2011
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quote:

ORIGINAL: Musicmystery

Way to completely misrepresent the article.

Got any sources for your alternate claim?

I didn't read the article. It's probably just more nonsense from Uncle Ben regarding how our economic and job growth was "slower than expected" - like every other article after a FED meeting. And I saw Mohamed El-Erian on the news the other day saying that Greece will default. I believe him.

(in reply to Musicmystery)

Post #: 7

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 8:05:26 PM

Marini

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Joined: 2/14/2010
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quote:

ORIGINAL: erieangel

Yeah we all knew the economy has continued to sink.

And it ain't gonna get any better until we stop giving all the money to the rich folk--they just hide it away. The poor spend each and every penny can get their calloused little hands on.

I agree most people know how the economy is doing through first hand experience, BUT...
how often have the FEDS admitted it lately?

This too me, FLIES in the face of what I have been hearing the past year when they were saying things were getting better.

< Message edited by Marini -- 6/22/2011 8:12:17 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to erieangel)

Post #: 8

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 8:53:00 PM

defiantbadgirl

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Joined: 11/14/2005
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The economy continues to sink because Republicans blocked the bill designed to end tax breaks for companies who outsource and provide incentives for bringing jobs back to the US. Republicans politicians are pissed because we have a democratic president and want to make him look bad, even though they know their actions continue to destroy the economy. Republicans are traitors who want the "jobs jobs jobs" to stay overseas.

_____________________________

Only in the United States is the health of the people secondary to making money. If this is what "capitalism" is about, I'll take socialism any day of the week.

Collared by MartinSpankalot May 13 2008

(in reply to Marini)

Post #: 9

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:01:19 PM

SternSkipper

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Joined: 3/7/2004
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quote:

SURPRISE!

When Greece defaults it will trigger phase two of this depression.

I'll be surprised if things aren't worse than they were in 08' by the time this year is over.

Then stick around, we'll probably want to eat you when food gets scarce.

(in reply to provfivetine)

Post #: 10

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:10:55 PM

SternSkipper

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Joined: 3/7/2004
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quote:

I didn't read the article. It's probably just more nonsense from Uncle Ben

Then you don't know what we know about you and former Governor Schwarzenegger

Attachment (1)

(in reply to provfivetine)

Post #: 11

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:15:09 PM

Marini

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Joined: 2/14/2010
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quote:

ORIGINAL: defiantbadgirl

The economy continues to sink because Republicans blocked the bill designed to end tax breaks for companies who outsource and provide incentives for bringing jobs back to the US. Republicans politicians are pissed because we have a democratic president and want to make him look bad, even though they know their actions continue to destroy the economy. Republicans are traitors who want the "jobs jobs jobs" to stay overseas.

Many people realize that jobs are the #1 issue at this point.
How is all this unbridled outsourcing and the wonderful globalized economy working for us these days?

Hey buddy, can you spare a job?

< Message edited by Marini -- 6/22/2011 9:16:06 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to defiantbadgirl)

Post #: 12

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:22:20 PM

Edwynn

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Joined: 10/26/2008
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/

< Message edited by Edwynn -- 6/22/2011 9:26:17 PM >

(in reply to SternSkipper)

Post #: 13

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:29:00 PM

Edwynn

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Joined: 10/26/2008
Status: offline

quote:

ORIGINAL: SternSkipper

quote:

I didn't read the article. It's probably just more nonsense from Uncle Ben

Then you don't know what we know about you and former Governor Schwarzenegger

Excellent response to the "We don't need no stinkin' 'articles,' we just watch Fox news" crowd.

I especially liked the "little whistle" thing, so descriptive as it is.

< Message edited by Edwynn -- 6/22/2011 9:32:50 PM >

(in reply to SternSkipper)

Post #: 14

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:31:51 PM

provfivetine

Posts: 410
Joined: 2/17/2011
Status: offline

quote:

ORIGINAL: Edwynn

Excellent response to the "I don't read any articles, I just watch Fox news" crowd. Especially the 'little whistle' thing. So descriptive.

I actually just clicked the article to read it, and it basically gives us the "slower than expected" mantra that I figured it would.

Why would I watch FOX news? Just another government mouthpiece like all the other networks.

What are your qualifications on the subject? You don't really understand finance or economics at all do you?

< Message edited by provfivetine -- 6/22/2011 9:37:10 PM >

(in reply to Edwynn)

Post #: 15

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:35:33 PM

provfivetine

Posts: 410
Joined: 2/17/2011
Status: offline

quote:

ORIGINAL: SternSkipper

Then stick around, we'll probably want to eat you when food gets scarce.

You could try. At least you understand this basic concept. (though it will effect the rest of the world much more than it will here in the US).

(in reply to SternSkipper)

Post #: 16

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:38:44 PM

Marini

Posts: 3629
Joined: 2/14/2010
Status: offline

quote:

ORIGINAL: Edwynn

quote:

ORIGINAL: SternSkipper

quote:

I didn't read the article. It's probably just more nonsense from Uncle Ben

Then you don't know what we know about you and former Governor Schwarzenegger

Excellent response to the "We don't need no stinkin' 'articles,' we just watch Fox news" crowd.

I especially liked the "little whistle" thing, so descriptive as it is.

I am not sure how others go about reading or not reading links, but it is extremely rare for me to read in entirety ANY link that anyone posts on here.

On a good day, I might glance at it and skim through it.

More often than not, I am not going to click on any link, that is why you can almost always understand what I am talking about, without clicking on a link!
I often post a link, to correlate what I am chatting about, I don't expect most people to click on a link and read it in its entirety, cause I don't.

If you can't make your point without me clicking onto a link {click this, go there, read this}, oh well on to the next post.

< Message edited by Marini -- 6/22/2011 9:47:48 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to Edwynn)

Post #: 17

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:42:01 PM

Edwynn

Posts: 4105
Joined: 10/26/2008
Status: offline

quote:

What are your qualifications on the subject?

What are yours?

Would you care to give the audience here the run down on the zeroes of the production function? If you even know what that is.

The fed say whatever they say, to apease twits that have too much money and too little brains as what got us to this situation in the first place.

Don't delude yourself that you have any say-so in this matter by mere imaginative alligning yourself with those far beyond your station.

PS

While we're on the subject of finance, why don't you tell everybody what a synthetic CDO is?

Yeah, I thought not. Go back to the tube, boy, that's the best chance you have in life.

< Message edited by Edwynn -- 6/22/2011 10:03:15 PM >

(in reply to provfivetine)

Post #: 18

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 9:50:43 PM

Marini

Posts: 3629
Joined: 2/14/2010
Status: offline

quote:

ORIGINAL: provfivetine

quote:

ORIGINAL: SternSkipper

Then stick around, we'll probably want to eat you when food gets scarce.

You could try. At least you understand this basic concept. (though it will effect the rest of the world much more than it will here in the US).

This is an interesting statement, I would love for you to elaborate.

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to provfivetine)

Post #: 19

RE: Fed gloomier about the economy/ like we didn't alre... - 6/22/2011 10:15:22 PM

provfivetine

Posts: 410
Joined: 2/17/2011
Status: offline

quote:

ORIGINAL: Edwynn

What are yours?

Would you care to give the audience here the run down on the zeroes of the production function? If you even know what that is.

The fed say whatever they say, to apease twits that have too much money and too little brains as what got us to this situation in the first place.

Don't delude yourself that you have any say-so in this matter by mere imaginative alligning yourself with those far beyond your station.

PS

While we're on the subject of finance, why don't you tell everybody what a synthetic CDO is?

Yeah, I thought not. Go back to the tube, boy, that's the best chance you have here.

I simply mentioned that Greece would default and that it would be the catalyst for the second phase of this depression. Then you make irrelevant criticisms, declare that I don't know what I'm talking about, while making no counter-arguments of your own.

I'm studying at the world's best institution for economic theory. What are your credentials?

(in reply to Edwynn)

Post #: 20

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