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Stagflation - QE3 and holy cow we're back in the 70s

Discussion in 'Political Discussion' started by khayos, Sep 13, 2012.

  1. khayos

    khayos Rookie

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    So Bernanke has announced QE3 to keep rates low until mid-2015. Is there now a compelling reason for business to inject capital and spurn growth or does it still fear Obamacare?
  2. JackBauer

    JackBauer On the Roster

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    Do you even know what stagflation is?
  3. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey


    Stagflation is more dangerous than inflation ... that's for sure.
  4. IllegalContact

    IllegalContact On the Roster

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  5. IllegalContact

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    inflation along wiht economic stagnation.

    mostly driven by the cost of gas back then.
  6. khayos

    khayos Rookie

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    Inflation goes up... just see what QE3 does; already projected that oil will go up for sure.

    Economic growth slows down... we're already at the precipice of another recession as we approach the fiscal cliff.

    Unemployment remains high... 8% and no projection that it goes down.
  7. JackBauer

    JackBauer On the Roster

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    This is pretty much the exact opposite of what is projected to occur. I think you're conflating what you really want to see happen with what is actually likely to happen.
    Last edited: Sep 13, 2012
  8. khayos

    khayos Rookie

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    Really? Where do you see it projected otherwise?
  9. JackBauer

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    The Federal Reserve?
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well Bernanke's done, he is out of options as explained here, he is hoping to drag BO across the finish line:

    The One Big Problem With QE To Infinity | ZeroHedge


    We all know how messed up the Euro has been with rumors of collapse and all, well here the the chart for the EUR/USD and as you can see to all the chaos and disaster there the dollar for better or worse is about where it was at the beginning of the year vs the EU sorry for the low res, this chart covers from 12/29/2011 through today:

    Attached Files:

  11. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    [​IMG]
    Last edited by a moderator: Sep 13, 2012
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well the Fed projections for QE I and II were wrong (if they were correct they wouldn't 'need; QE III), so why would anyone believe their take on QE III?

    As Einstein said insanity is doing the same thing over and over and expecting a different result.
  13. JackBauer

    JackBauer On the Roster

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    Except this isn't the same thing, as I'm sure (well, not really sure) you know.

    And while the Fed may have overestimated the effects, that certainly doesn't justify khayo's wishes...err...projections.
  14. Titus Pullo

    Titus Pullo Banned

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    No, see... it goes horse, then cart...

    Oil price goes up, markets grow insolvent, growth slows to a crawl, QEx is required.

    Not the other way around. You realize price points for oil have been steadily upward since 2002, yes? Probably not.
  15. Real World

    Real World Moderator Staff Member

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    Peak Oil.....[​IMG]

    So the fed is going to print $40 billion minimum per month, until there are no more trees left to print the money on. This should bode well for the average citizen and their everyday costs via inflation. Oh wait, that's right. What inflation? Just salt up that Ipad and toss it in between a couple of buns. :D

    I'm not sure what's more laughable. Our governments policies, or the fact that food and energy, the two things the average peasant like me tends to need most, don't count when the fed calculates inflation. Ipads are counted though.

    Here's a quick example of everyday inflation. I eat a bowl of Raisin Bran every morning. I've been buying it for years now. I've always bought the biggest sized box for about $3.59. The box was always 25.5 ounces. Well the "biggest" box of Raisin Bran still costs $3.59, but it isn't 25.5 oz's anymore. It's 23.5 ounces. Same price, less of it. That's Real World inflation my friends.
  16. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Silver is up almost 20% over the past 6 weeks.
  17. khayos

    khayos Rookie

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    See but it's better that it works that way because Michelle Obama says we're all too fat. So we buy less in groceries, consume less, and the government will introduce regulations to monitor portion distribution keeping everything within reasonable guidelines so that there's equity... holy ---- it's 1984!
  18. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    70's huh?

    Sounds good to me!

    [​IMG]

    [​IMG]

    [​IMG]
  19. khayos

    khayos Rookie

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    LOL dubstep is the new disco!
  20. Titus Pullo

    Titus Pullo Banned

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    that's right.... horse, then cart...

    If you had a counter narrative that disputes the root cause, you'd offer it.

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