To: carranza2 who wrote (114167 ) 11/9/2015 5:46:15 PM From: TobagoJack Respond to of 219433 i figure 2016 should be more 'interesting' than 2015, even as 2015 has so far been eventful though w/o the drama of 2008 the world went sort of quiet in 2008 as too many were too numbed to even scream the years are flying by sort of fast this thread started on 9/18/2001 Message 16371766 , and i clip/copy/paste <<Where did we stop? Here: As I was saying last week to Joel Gander: "St. Louis Fed President William Poole told the NABE conference the economy was suffering from too much production capacity in information technology and a recovery in the tech sector may take some time. The Fed can do little to remedy problems of specific sectors, he cautioned. " COMMENTS: Now is official do not look to the FED to rescue the tech sector. Wow! It took more than 8 months for that to be said. "No one knows for certain whether the economy can escape an actual decline in real GDP but the fact that we have done so to date and that many adjustments are now well along suggests that we have an excellent chance of doing so ," Poole said. COMMENTS: Which means that US government officials are not sure the tax cut and the tax rebate will help the economy. Besides, what Secretary of Finances Paul O'Neill in China -that the economy will rebound by later this year is BS.We are on our own from here down the slope. >> i note: (1) on 31 july 2013 the nasdaq recovered to its nominal peak of 1st november 1999, and is now 31% above 1999 peak finance.yahoo.com {"range":"max","allowChartStacking":true} - would say the fed has done remedying well enough (2) Poole is correct, the decline of gdp has been held off since he uttered his prediction. (3) so far so good, and the major central banks are standing by to do more support, at nominal negative interest rate if necessary, for it is just an exercise in mathematics for them, all of them