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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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To: robert b furman who wrote (1234)5/14/2014 11:02:25 AM
From: Kirk ©  Read Replies (1) of 26705
 
Thanks for the summary.

I think ECRI, if they are wrong in that revisions don't lower GDP by the 0.7% required to show an official recession, missed the affect of QE. They said there was nothing the Fed could do to prevent a recession. I think they goofed in that yes, rates couldn't go any lower, but by printing $80B a month to give the government at next to nothing to keep government workers and contractors employed, there WAS something left for the Fed to prevent a recession/depression.
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