Ohio miners forced to attend Romney rally without pay...
#79
(09-11-2012, 08:09 PM)Jester Wrote: I don't understand what you're accusing the Fed of doing.
Enacting a monetary policy which persistently attempts to keep short-term real interest rates low that eventually will lead to high inflation and high nominal interest rates, with no permanent increases in the growth of output or decreases in unemployment. And, as I've said before, the published government rates are politically distorted.

http://www.shadowstats.com/alternate_dat...ion-charts

I'm still seeing that the economy is trapped in boom bust cycles more related to the price of a barrel of oil. http://www.economist.com/node/21549941

Quote:Nor does this singling out of the Fed make much sense to me. Every country, not just the US, is experiencing the same productivity gains, the same technological change, and yet, is not on the US dollar, and is not affected by Fed policy.
Aye, globalization. In some respects we've been the 10 ton hammer, and all the ball peens have less impact. What has Switzerlands CPI looked like over the past decade? Are they in a depression?
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.

[Image: yVR5oE.png][Image: VKQ0KLG.png]

Reply


Messages In This Thread
RE: Ohio miners forced to attend Romney rally without pay... - by kandrathe - 09-13-2012, 12:47 AM

Forum Jump:


Users browsing this thread: 18 Guest(s)