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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (125735)11/3/2012 3:51:46 PM
From: tejek  Read Replies (1) | Respond to of 149317
 

<Sorry DAK but one minute your complaint has to do with Bernanke and his policies; the next minute its not about him.........>>

Umm, here is my original statement:

<<.....at some point rates are going to rocket no matter WHO is president. We either see huge slowdown or runaway inflation (if the fed actually has the balls and is so brain dead as to start buying stocks and all the T-Bills with actual $100 bills).>>

If Bernake keeps doing what he's doing.... it a MAJOR disaster IMHO.


That assumes Bernanke won't change course if things start to improve significantly and inflation or a slowdown appears imminent. Why would you expect someone in his position to be so tunnel visioned? Right now, we still have a lot of slack in the economy with a recovery that continues to gain traction albeit slowly. That recovery also continues to be fragile. This is not the time to change his policies.

I will always question people who they think know better than the people who have worked hard to get into their current position of leadership and are respected by many of their peers.

If Bernake keeps doing what he's doing.... it a MAJOR disaster IMHO. You read into it what you will. We clearly agree to disagree here... if you want to discuss how the fed works have at it... tell us why you think it's good for the Fed to buy assets and keep expanding it's balance sheet????

Uh.........see my answer up above.

<and now you're annoyed with me for pointing out that not all commodities are going thru the roof.>

I'm annoyed with you because you switch time frames and stories simply to try and say commodities have not been rising.....the above statement is an obvious case of that... "some commodities not rising" was never an assertion and is totally irrelevant to the point AND ANYONE KNOWS THIS..... so I finally just posted the chart of THE ENTIRE basket of commodities which proved my point, and proved your point wrong... Commodities have not been stable, they have TRIPLED in 10 years DESPITE the greatest recession since the 30's during 5 of those years....


I am not switching time lines etc. I am just pointing out that not all commodities have tripled and that since the Great Recession which happened 4 years ago, their costs have mostly moved sideways. Having said that, the rise in cost of commodities has much more to do with the emergence of the BRIC countries as super economies coupled with a growing shortage of easily accessible resources; and not with Bernanke's money policies.