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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 Rookie

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    Do you even know what stagflation is?
  3. IcyPatriot

    IcyPatriot ~~~Out of Order~~~ PatsFans.com Supporter

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

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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 Rookie

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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

    JackBauer Rookie

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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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    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 Rookie

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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

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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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    70's huh?

    Sounds good to me!

    [​IMG]

    [​IMG]

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  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.
  21. PatriotsReign

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    In case no one's looked it up, Stagflation is when there is both high inflation and high unemployment at the same time. It's highly unusual because it typically takes a fully employed workforce to generate enough demand to create inflation.

    I can pretty much GAR-UN-TEE there will be little inflation in the years ahead. Total demand is a combination of of spending and available credit and very few Americans have much available credit and/or are willing to use it.

    Employment should be our focus. QE3 will do little but possibly prevent the stock market from tanking....at least for a few months.

    I read today that over 90% of business leaders and economists do not support another round of QE.
    Last edited: Sep 13, 2012
  22. Triumph

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    Gold is going to skyrocket.

    Melt down your tooth fillings before Obama gets them.
  23. wistahpatsfan

    wistahpatsfan Rookie

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    That's the problem with this country. Too many Glen Beck listeners:

    "You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at current gold prices, you could buy all — not some — all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?" -Warren Buffet
  24. Triumph

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    Fed Stimulus is Creating

    Trumph is right.

    All this amounts to is more stimulus and big business is not stupid enough to go on a hiring and investment spree based on a phony economy. Obama and Bernake are putting a new coat of paint on a turd of an economy so things look rosy in November.

    Obama will say anything and do anything to get re elected. Remember that.
  25. Triumph

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    The problem with this country is Obama and the minions that voted for him.
  26. scout

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    #15 Jersey
    ...and your guns. Hoard plenty of guns because he's coming after your guns!
  27. Triumph

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    Hes going to lose in about 6 weeks.

    If you think that these Embassy killing wont have repercussions at the polls, youre really out to lunch.
  28. Titus Pullo

    Titus Pullo Banned

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    Care to take the same bet 13 did? If not, you might wanna stop running your mouth.

    They already are. The soulless robot you prefer has lost substantial ground this week alone.

    Ohio's a goner... Awwwww...
  29. IcyPatriot

    IcyPatriot ~~~Out of Order~~~ PatsFans.com Supporter

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    Mod Comment: is this the new, down a few notches TP you mentioned in the rules thread?
    Last edited: Sep 14, 2012
  30. PatriotsReign

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    American's don't want any fed policies that do nothing but artificially inflate the stock market....some want policies that improve our economy and result in jobs.

    Quantitative easing will not improve the economy or create any jobs because it won't help Americans get out of debt and increase spending.

    Personally, I don't want any more stimulus' of any kind because all they'll do it increase our debt and leave our economy right where it is. Our economy can't get better until the world economy corrects itself.

    This new "open-ended" form of QE is nothing short of insane panic...
    Last edited: Sep 14, 2012

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