What does Ben have left
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282 Posts
What is the worst he could do?? There is your answer.... The plan has been destruction all along. Trying to use the Teaparty as a scape goat did not work. I think he will start QE3.
No more rabbits left in the hat.
However, I am sure Mr. I-Am-The-World's-Leading-Expert-On-The-1930's-Depression still wants us to THINK he is Mandrake the Magician.
Although......on second thought......he might just be the biggest expert on the '30's Depression. He is certainly trying hard enough to recreate it.
However, I am sure Mr. I-Am-The-World's-Leading-Expert-On-The-1930's-Depression still wants us to THINK he is Mandrake the Magician.
Although......on second thought......he might just be the biggest expert on the '30's Depression. He is certainly trying hard enough to recreate it.
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11,221 Posts
He just announced Interest is going to stay low into 2013. I guess we will see how that affects the markets.
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2,058 Posts
They only "trick" left in his bag is to keep the printing presses (digital screen) fired up indefinitely to try to ride this out. They old Keynesian theory that even more money creation can get us through these recessions has ran out of steam, but those who sincerely believe in this fallacy will continue to ride it until the very end. It won't be until there is a monumental change in policy or a complete destruction of the dollar--the latter being the more likely outcome--before we will see an end to this charade.
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4,856 Posts
The markets will rise, people with money in the bank will be forced to invest in the market for a return of some kind, maybe a false hope. Ole Ben just kicked anyone with savings in the nuts.
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3,839 Posts
I think Ben hit the nail on the head. People will put their money into stocks because it's the only game in town. He's offering "STABILITY," something we haven't seen for a long, long time. People can now plan on low interest rates for 2 years....that's great news for many people who may want to borrow to expand their business or buy something on credit.
I think it's great news for everybody.
:thumb:
I think it's great news for everybody.
:thumb:
Maybe Ben or some unknown person will come up with a unique method that will work.
To give it a chance maybe we should make a list of everyone in the country over 14. Then draw a random name and they will run the Fed and make decisions.
Can we do worse?
Red
To give it a chance maybe we should make a list of everyone in the country over 14. Then draw a random name and they will run the Fed and make decisions.
Can we do worse?
Red
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14,874 Posts
Ben and Timmy have been in charge for the last several years, and we haven't seen stability for "a long,long time" ?? So, why all of a sudden, should we expect it now ?
The very existence of the Central Banks, and their self-serving manipulation of the money supply and interest rates, are at the foundation of our economic troubles. They create the boom/bust cycles that only they and the rest of the PTB profit by, and use to subvert and control the world's governments.
Rest assured,NOTHING that TheBenBernank does or says is "great news for everybody".
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Oh, yeah. That is really GREAT news for older people, who are already getting zilch for interest on any bank CD's they might have. Their alternate choice is the Big Stock Market Casino.
And what business person, with even two brain cells functioning, would want to expand business operations with Obamacare approaching to fall on them like a ton of bricks........and heaven knows what else forthcoming from Nero in the Oval Office.
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3,839 Posts
Low interest rates for 2 years is not good news to you ?? You must be nuts. We're used to interest rate game playing on a weekly basis, stability is key. Maybe you weren't around when they had 21% prime rates and 18% home mortgages. Interest rate fluctuations always drove home buyers out of the market. Low interest rates is a blessing, that's why the stock market climbed back up today. This certainly won't hurt housing either.
I don't always agree with what you discuss but I think you are right in that people will plan on the low interest.
I don't think the desired outcome will hold though... long before the end of this extended low rate ends, the debt debate will come back into play, and we will face the same song and dance... except there won't be any music playing (nothing else they can do).
Unforunately, I think the only way to fix it is to cut spending everywhere (social programs included) AND raise taxes... and that won't happen because none wants to lose a voter...
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6,685 Posts
Ben has two things left, Jack and S**t......and Jack just left town....
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2,057 Posts
As usual, you are WAY over your head and trying to explain it to you is pointless and extremely frustrating. Talking to a rock is more productive.
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15,924 Posts
I thought we've been through all of this before.
Scenario #1:
You're a Boomer and buy a home at high interest rates. This tends to result in much lower prices. The first few years aren't fun, but interest rates decline, home values go up, and you re-fi once or twice. A couple decades later, your home is worth 5+ times what you paid, and your interest rate is low. Your rates go down, your values go up. You're good to go.
Scenario #2:
You're X/Y-Gen and bought at high sticker price and low interest rates. Your rates go up and your assessed value goes down. Of course, taxes don't go down. You're hosed.
Which scenario would YOU like?
Scenario #1:
You're a Boomer and buy a home at high interest rates. This tends to result in much lower prices. The first few years aren't fun, but interest rates decline, home values go up, and you re-fi once or twice. A couple decades later, your home is worth 5+ times what you paid, and your interest rate is low. Your rates go down, your values go up. You're good to go.
Scenario #2:
You're X/Y-Gen and bought at high sticker price and low interest rates. Your rates go up and your assessed value goes down. Of course, taxes don't go down. You're hosed.
Which scenario would YOU like?
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6,122 Posts
The US dollar has lost about 98% of it's value since 1913 (98 years ago). Ben only needs to make it last another two years until it is worth zero. Some may deride this, but the maths speaks for itself. Or do you really believe in the fiat ponzi scheme?
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