chess online
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hennybogan1953 06-Mar-13, 14:03 |
 What the internet is for |
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In support of Softy "The Federal Reserve on Wednesday agreed to keep a key short-term rate near zero until the 7.7% unemployment rate is 6.5% or lower. The short-term rate will also stay unchanged at 0.25%, the Fed said, until the current 2.2% inflation pace hits 2.5%. Tying the one rate it controls to unemployment and inflation targets is unprecedented, economists said. The Fed's aim is to spur economic growth and lower long-term borrowing costs for consumers and Corporate America. To further that goal, the Fed also said it will continue monthly purchases of $45 billion in long-term government bonds. By year's end, it will stop selling a similar amount in short-term Treasury notes, which it had been doing to keep its total holdings of government bonds stable. Extension of the Fed's bond-buying programs was widely anticipated. Key stock indexes rose 0.5% shortly after the announcement. " "The Fed also said Wednesday it will continue buying $40 billion a month in mortgage-backed securities. The moves are aimed at holding down long-term interest rates for assets such as mortgages and corporate bonds, theoretically spurring consumers and businesses to buy more homes and factory gear. The bond-buying initiative is intended to prod investors to shift money from low-yielding bonds to stocks, lifting stock prices and making consumers feel wealthier so they'll spend more." www.usatoday.com This is what Softy has been has been saying all along. Just wanted to confirm it with an actual media source. |
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yes either way, bush's policies obviously led to the biggest financial meltdown since the great depression. going back to them is truly insane. |
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ZL.... --------------------- Ah grasshopper..... I understand your confusion. But these were faulty liberal policies that just happened to come to a head when a Republican was in office. For you to blame Dubya for the meltdown is kinda like blaming the pilot when the wings suddenly fall off the plane. |
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ZL... |
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bill |
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rmann Federal Reserve Chairman Ben Bernanke continues to pump money into the economy, and thinks that the economy needs continued stimulus. Did Bernanke create an artificial economy that depends on the issuance and purchase of debt by the government and Fed? Are President Obama and the Federal Reserve setting the stage for hyperinflation? Find out as Col. Allen West, Terry Jones and John Phillips discuss monetary policy. Here is more of what I have been saying, except these guys are experts. The informative video last about 9 minutes. ******************************************************************* www.pjtv.com |
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rmann... Often I find the most stimulating media reporting comes from sources that oppose my own views. If they cause me to consider another view, then it makes me think. If they are utterly biased with political motivation, my short-lived attention span at least gains a little about why they think the way they do. Fox and MSNBC represent their constituencies well. CNN is more neutral but is also high on the entertainment scale. BBC has unique perspective, and Al Jazeera is interestingly provocative. But as you've said, I'm lazy ... I do not have the inclination to fact check everything and depend upon others for their interpretations. How do you know what you do? |
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chaz Uhm... how do we know the things we do? I read a lot?? But actually, yes, I easily spend a couple of hours a day on the Internet, browsing news, checking trends, trying to keep myself entertained. Except, by "entertained" I mean "ideas and fragments of information that helps me understand the world around me". I enjoy clicking things together, like pieces of a puzzle. Things like "echo chambers" and "poll unskewing" ... and then an earlier concept I met some years ago: "information overload". They fit together; the one concept explains and enhances the other. The one thing I do not do: I don't, generally, watch TV. My total TV consumption, in a month, is usually less than 4 hours. There are several reasons for that, but the main one is that I find it difficult to really think about the things I see on the TV - you get put into a "passive" mode where you are basically just watching what is happening in front of you. Compared to plain reading - either a book, a paper, or on the Internet - the amount you actually retain and think about, rather than allowing it to sink into the semi-forgetfulness of your subconscious, is miniscule. |
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rmann... |
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hennybogan1953 07-Mar-13, 08:50 |
youtu.be |
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henny |
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chaz Had a friend, in high school, who was magnificent at debates - and rather to the right of where I was at the time. Those three years taught me a lot about defending my own views and trying to find the truth which so often lies somewhere in between the extremes. Same impression about these fora as you; most people here like to rant and score points, not actually converse. Most, but not all. It's always a pleasure when you find those who actually wants to share rather than just move right over you. Interesting that you react that way to points; I often feel very strongly about things, but then - when actually speaking with people - I find myself seeking a common ground for understanding. I distrust the motives people have for the things they say and do, and I regard self-interest as a guiding principle in the actions of almost all people, but I recognize and respect that altruism also exists in the world. It's just not very common, sadly. When reading history, which is a major interest of mine, I find a pinch of disbelief in altruism to be a wonderful tool for uncovering the possible motives of people. |
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hennybogan1953 07-Mar-13, 10:24 |
AND as far as reading goes... youtu.be |
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Bookmark this thread! After a little research I found a source that agrees with this idea: "Ultimately, in other words — and as perverse as it may sound — a mildly disappointing economy can be quite good for stocks. High unemployment keeps labor costs low and corporate profits fat." business.time.com Somehow I don't think ZL or dm would be so quick to sing the virtues of a improving stock market if they realized one of the factors contributing to its success was high unemployment. |
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PB Increases in the stock market is sometimes used as a hopeful indicator that the recession may be ending, which is surely a cause for optimism in any case. |
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