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(Daytona Beach News-Journal)   "Bernanke's last act of a desperate man." I don't care if it's the first act of Henry the Fifth, he's leaving   (news-journalonline.com) divider line 41
    More: Interesting, Federal Reserve Chairman Ben Bernanke, dual mandate, American Left, Janet Yellen  
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1470 clicks; posted to Business » on 19 Dec 2013 at 8:11 AM (17 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



41 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-12-19 08:10:29 AM
Blah blah blah. Am I going to be able to afford to retire?

That's the real question.
 
2013-12-19 08:21:25 AM

AverageAmericanGuy: Blah blah blah. Am I going to be able to afford to retire?

That's the real question.


I looked at my crystal ball and have both good news and bad news for you.

Good news: YES! you will be able to afford to retire. In fact, it won't even be close; your investments are going to take off like mad in 3 years, doubling in value over the course of the first 8 months. Incredible.

Bad news: you are going to die of a nasty MRSA infection that starts in your left eyeball in 4 years. It will be painful and, oddly, will smell really bad.

Good day!
 
2013-12-19 08:22:57 AM
Yet Bernanke also calmed nerves by walking back a plan to consider raising short-term rates once unemployment reaches 6.5 percent

Because leaving interest rates near zero the last time the economy recovered worked out so well.
 
2013-12-19 08:24:41 AM
The Chairman is a nBOOOOOOOOONG
 
2013-12-19 08:27:33 AM

dr_blasto: AverageAmericanGuy: Blah blah blah. Am I going to be able to afford to retire?

That's the real question.

I looked at my crystal ball and have both good news and bad news for you.

Good news: YES! you will be able to afford to retire. In fact, it won't even be close; your investments are going to take off like mad in 3 years, doubling in value over the course of the first 8 months. Incredible.

Bad news: you are going to die of a nasty MRSA infection that starts in your left eyeball in 4 years. It will be painful and, oddly, will smell really bad.

Good day!


Awesome! Thanks!
 
2013-12-19 08:32:00 AM
Bad news: you are going to die of a nasty MRSA infection that starts in your left eyeball in 4 years. It will be painful and, oddly, will smell really bad.

Planning for retirement would be much easier if people knew when they would die.
 
2013-12-19 08:34:58 AM
He's gotta go back and get a shiatload of dimes.
 
2013-12-19 08:35:12 AM
Why do we even need a chairman at the FED? All we really need is a guy who can keep the printing press full of ink and paper.
 
2013-12-19 08:35:37 AM
In retrospect, the assault on him as Helicopter Ben by the quiescent press was only too effective.  We never got the monetary push we needed.  Inflation levels were way too low.
 
2013-12-19 08:38:56 AM

Tellurium: Bad news: you are going to die of a nasty MRSA infection that starts in your left eyeball in 4 years. It will be painful and, oddly, will smell really bad.

Planning for retirement would be much easier if people knew when they would die.


If they did, hookers and blow futures would be off the scale.
 
2013-12-19 08:40:24 AM
Investors rejoiced

Because the Feds are gonna cut back on economic stimulus by lowering the amount of bonds bought monthly by 10 billion dollars or because he promised that the Fed will "keep its key short-term rate near zero "well past" the time that unemployment falls below 6.5 percent"?

Both?

The first one makes some sense but the second one not so much to me.
 
2013-12-19 08:47:53 AM
Harumph!
 
2013-12-19 08:49:37 AM

quatchi: Investors rejoiced

Because the Feds are gonna cut back on economic stimulus by lowering the amount of bonds bought monthly by 10 billion dollars or because he promised that the Fed will "keep its key short-term rate near zero "well past" the time that unemployment falls below 6.5 percent"?

Both?

The first one makes some sense but the second one not so much to me.


For me it's the opposite -- the first takes money out of the market while the second makes borrowing easy.  Investors care about borrowing (i.e. where their money comes from) as much as lending, and they have more control over the latter than the former.
 
2013-12-19 08:50:09 AM

Marcus Aurelius: Yet Bernanke also calmed nerves by walking back a plan to consider raising short-term rates once unemployment reaches 6.5 percent

Because leaving interest rates near zero the last time the economy recovered worked out so well.



We have a choice?

www.usnews.com
 
2013-12-19 09:03:50 AM
He'd do it for Randolph Scott...
 
2013-12-19 09:05:30 AM

moos: He'd do it for Randolph Scott...


RANDOOOOOLPH SCOOOOOTT!!!
 
2013-12-19 09:18:28 AM
Oh, and if nobody else is gonna do it...

Nice BS reference, Subs.

An internets winnah is you!
 
2013-12-19 09:18:53 AM
The biatch was inventing the Candygram.
 
2013-12-19 09:23:03 AM

quatchi: Nice BS reference, Subs.


thanks!
 
2013-12-19 09:55:02 AM

quatchi: Investors rejoiced

Because the Feds are gonna cut back on economic stimulus by lowering the amount of bonds bought monthly by 10 billion dollars or because he promised that the Fed will "keep its key short-term rate near zero "well past" the time that unemployment falls below 6.5 percent"?

Both?

The first one makes some sense but the second one not so much to me.


They may understand that real inflation and unemployment are much higher than the government admits.
 
2013-12-19 10:06:50 AM

cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.


You just have to unskew the statisticals, study it out.
 
2013-12-19 10:42:39 AM

cameroncrazy1984: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

You just have to unskew the statisticals, study it out.


A simple harrumph would have sufficed.
 
2013-12-19 10:53:37 AM

cchris_39: cameroncrazy1984: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

You just have to unskew the statisticals, study it out.

A simple harrumph would have sufficed.


Give the governor a harrumph!
 
2013-12-19 10:57:27 AM

Tellurium: Bad news: you are going to die of a nasty MRSA infection that starts in your left eyeball in 4 years. It will be painful and, oddly, will smell really bad.

Planning for retirement would be much easier if people knew when they would die.


Soon to be solved by Death Panels™.  Obamacare!  Is there anything it can't do?

/not intended to be a factual statement.
 
2013-12-19 11:00:20 AM
Lets use U6 or some other number than we normally do right?
 
2013-12-19 11:17:27 AM

Slaxl: cchris_39: cameroncrazy1984: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

You just have to unskew the statisticals, study it out.

A simple harrumph would have sufficed.

Give the governor a harrumph!


Harrumph!
 
2013-12-19 11:28:14 AM

DrPainMD: Why do we even need a chairman at the FED? All we really need is a guy who can keep the printing press full of ink and paper.


Yeah, but somebody has to sign that guy's paycheck.
 
2013-12-19 11:29:14 AM

cameroncrazy1984: Slaxl: cchris_39: cameroncrazy1984: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

You just have to unskew the statisticals, study it out.

A simple harrumph would have sufficed.

Give the governor a harrumph!

Harrumph!


You watch your ass.
 
2013-12-19 12:18:44 PM

Cybernetic: cameroncrazy1984: Slaxl: cchris_39: cameroncrazy1984: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

You just have to unskew the statisticals, study it out.

A simple harrumph would have sufficed.

Give the governor a harrumph!

Harrumph!

You watch your ass.


I love you people so much
 
2013-12-19 12:23:31 PM

AverageAmericanGuy: Blah blah blah. Am I going to be able to afford to retire?

That's the real question.


No, you're going to slave at your jerb until you drop dead at your work station, just like in the good ole days.

Any questions?
 
m00
2013-12-19 12:31:15 PM
The message: The Fed expects low-cost loans to boost the economy investment portfolios of the rich for, well, for a very long time.
 
2013-12-19 01:15:52 PM

cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.


Ah yes, the classic Republican chant: "I hate America and I want it to fail and be shiatty, so I'm going to pretend the REAL unemployment numbers and inflation are what I want them to be - really shiatty!!!"
 
2013-12-19 02:13:14 PM

Stone Meadow: AverageAmericanGuy: Blah blah blah. Am I going to be able to afford to retire?

That's the real question.

No, you're going to slave at your jerb until you drop dead at your work station, just like in the good ole days.

Any questions?


Who's going to go back and get the proverbial shiat load of dimes?
 
m00
2013-12-19 02:54:04 PM

impaler: Ah yes, the classic Republican chant: "I hate America and I want it to fail and be shiatty, so I'm going to pretend the REAL unemployment numbers and inflation are what I want them to be - really shiatty!!!"


Inflating employment numbers aren't a new thing. It's all about how and what you count. I remember the Bush administration grossly understated employment. But I guess Obama doesn't do it, right?
 
2013-12-19 04:06:28 PM

m00: impaler: Ah yes, the classic Republican chant: "I hate America and I want it to fail and be shiatty, so I'm going to pretend the REAL unemployment numbers and inflation are what I want them to be - really shiatty!!!"

Inflating employment numbers aren't a new thing. It's all about how and what you count. I remember the Bush administration grossly understated employment. But I guess Obama doesn't do it, right?


Well, Obama is stuck with the change in the way the statisticals are harmonized that the Democrats put in place in 07.

So no?
 
2013-12-19 04:25:08 PM

impaler: cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.

Ah yes, the classic Republican chant: "I hate America and I want it to fail and be shiatty, so I'm going to pretend the REAL unemployment numbers and inflation are what I want them to be - really shiatty!!!"


Are we pretending that the Labor Force Participation Rate has declined steadily since 2008?
Are we pretending that the SSDI rolls have increased by over 20% since 2009?
And are we pretending that both of those changes serve to decrease the number of people counted as unemployed while doing nothing to decrease the actual number of people who aren't working?

Also, are we pretending that the U-6 unemployment rate is still six points higher than the U-3 unemployment rate that the government reports as the "real" unemployment rate?

No, we're not. Those are facts. But I see that you won''t let facts get in the way of a nice mindless partisan rant.
 
2013-12-19 04:59:18 PM

Cybernetic: Are we pretending that the Labor Force Participation Rate has declined steadily since 2008?
Are we pretending that the SSDI rolls have increased by over 20% since 2009?
And are we pretending that both of those changes serve to decrease the number of people counted as unemployed while doing nothing to decrease the actual number of people who aren't working?

Also, are we pretending that the U-6 unemployment rate is still six points higher than the U-3 unemployment rate that the government reports as the "real" unemployment rate?

No, we're not. Those are facts. But I see that you won''t let facts get in the way of a nice mindless partisan rant.



The bolded part basically sums up your mindless partisan rant. Now to destroy your mindless partisan rant with reality.

U6 and U3 are basically the same thing on different scales. Their correlation coefficient is .995%. The only thing I can think of that has a higher correlation (1% coefficient) is Celsius and Fahrenheit, which literally are the same thing on different scales.

growlersoftware.com
growlersoftware.com
U3 scaled to match U6


Next time you want to rant about "facts" are how someone else is "mindless," you might want to do the smallest tinest amount of research to make sure you aren't actually talking out your moron ass.


I'm so sick of uninformed lying Republicans. Jesus.
 
2013-12-19 04:59:33 PM
oh blow it out your ass, howard.
 
m00
2013-12-19 05:52:37 PM

MFAWG: Well, Obama is stuck with the change in the way the statisticals are harmonized that the Democrats put in place in 07.

So no?


Not sure what you mean. But if an unemployed person is defined as "someone over the age of A but under the age of B, who has sent out X resumes to Y employers over a period of Z, and who has additionally not received any income in the last T amount of time" then you can fiddle with the variables to make the definition be whatever you want, so that the unemployment rate is whatever you want.
 
2013-12-19 06:30:17 PM

Zeb Hesselgresser: We have a choice?

[www.usnews.com image 425x245]


We do, actually.  Ever notice that interest rates on government debt track the federal funds rate?

How do you think we paid off the WWII debt?


cchris_39: They may understand that real inflation and unemployment are much higher than the government admits.


Yes, thousands of statisticians are conspiring to understate inflation and unemployment for Fartbongo.  Study it out.
 
2013-12-19 09:58:11 PM

DrPainMD: Why do we even need a chairman at the FED? All we really need is a guy who can keep the printing press full of ink and paper.


And I am that guy.

/ even have an engineering degree
// we can do anything !
 
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