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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (76398)	8/4/2012 10:17:46 AM
From: locogringo	2 Recommendations Read Replies (2) \| Respond to of 103300

The collapse could be set in motion as early as August 1st. That's the day that Fed chairman Ben Bernanke gives his annual remarks from Jackson Hole, Wyoming where many analysts expect Bernanke will announce plans for QE3 - and the next phase of money printing begins. This guy seems to think that QE 3 is a long shot now, after the phony jobs report for July, and the market is sure to be displeased. "While Wall Street’s first reaction to the job report was very positive, that’ll change in the weeks ahead. Why? Because the strength of the report probably eliminated any chance that Ben Bernanke’s Federal Reserve would begin a new money- printing operation, known as quantitative easing, before the presidential election. As I mentioned in a recent column, the Fed didn’t know what the employment numbers would be when its policy makers met earlier this past week. Now that Labor has reported 163,000 new jobs, the chance of another QE is slim. Still, by all indications the economy has been slowing recently. QE, in its first and second incarnation, proved to be ineffective in creating economic growth. But QE did cause stock prices to rise nicely and this policy has become a favorite of Wall Street because of that. So the financial markets can now kiss QE3 goodbye! That realization will hit the stock market in the near future." <more> Read more: nypost.com

To: John who wrote (76398)	8/5/2012 11:17:01 AM
From: Wayners	2 Recommendations Read Replies (1) \| Respond to of 103300

WASHINGTON (AP) — People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press. That means that the so called investments in "Govt Bonds" supposedly "risk free" LOST MONEY as an investment! And the stock market is too risky? I can at least get a return of something instead of a LOSS! Social Security is the most inept Govt program ever created.