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To: Acton who wrote (231268)	9/21/2013 7:21:57 AM
From: Goose94	1 Recommendation Recommended By Acton Respond to of 313127

Mohamed El-Erian, CEO & CO-CIO, Pimco, the world's biggest bond management firm talks about the "no taper yet" shocker from the Fed this week. Part 1 watch.bnn.ca Part 2: Future U.S. jobs number predictions @ 07:13 minutes - watch.bnn.ca

To: Acton who wrote (231268)	9/21/2013 11:57:56 AM
From: Sailing2	2 Recommendations Recommended By ba11istic NOW Read Replies (1) \| Respond to of 313127

Agree with your assessment about "crying wolf" and being cautious about POGs and PM stocks. But except for a possible increase in inflation, not tapering and continuing to print $85 billion a month won't improve the metrics you cite either. The failure of four full years of QE, except to create a bubble in equities and pump money into the banks, is sufficient evidence you can't grow jobs or create growth just by printing money. And of course the deficits continue to grow exponentially. The FED is trapped in a box of its own making. It would do more for the economy if it took the $85 billion and wrote checks every month to every American who earns less than $50,000 a year. At least that money would go into the economy immediately, not be hoarded by the banks as is the case now. Just my opinion too.

To: Acton who wrote (231268)	9/21/2013 4:30:29 PM
From: Goose94	Respond to of 313127

How Can the Fed Taper When the Real US Economy Is in a Terrible State How can the Fed taper when the real US economy is in a terrible state. Add to that the massive problems in the Eurozone. And Japan, the world’s third largest economy, is a guaranteed basket case. In the US, the job participation rate is the lowest since the 1970s, real unemployment (calculated on a consistent basis) is 23%, workers’ real wages have not gone up for decades, 50 million people on food stamps, government deficit runs at $ 1 trillion p.a. and government debt including unfunded liabilities is $220 trillion and growing exponentially. Does this sound like an improving economy? Well not to me. Also, the banking system has the same toxic debt and derivatives as in 2008. The banks are just fortunate that they don’t have to value their assets at market. If they did, very few banks would be standing today. In the G7 countries total debt is exploding and it now takes $7 of debt to produce $1 of additional GDP. Talk about the law of (diminishing) negative returns.