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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (196022)	4/3/2016 12:14:08 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 206085

The Fed only has to resort to bizarre policies if Congress remains dead-set in wanting to see the American economy destroyed. The Fed has done what it can, now it's time for Congress to finally act. I'm pretty sure they'll relent, just as the Blue Dog Democrats did in 1936. Nothing unnerves a conservative Senator or Congress-member quite like having hundreds or thousands of business CEOs visiting you explaining how you're destroying the country. After the telegrams and CEOs in person descended on Congress it took them less than 2 weeks to reauthorize funding for the New Deal programs. They spent a good deal of their time over the next couple of years apologizing repeatedly. I think Germany did the right thing with Greece, and I'd love to see Italy in enough financial pain to sort out their catastrophe of an economy, but Germany too at some point is going to have to deal with the aftermath of the 2006 - 2008 economic implosion and the resulting economic depression. It's not healthy for this to be lingering as it is in Spain, Portugal and France.

To: isopatch who wrote (196022)	4/3/2016 7:42:43 AM
From: Bearcatbob	Respond to of 206085

What the Fed should do in the case of another recession is to simply go to the public and say what idiotic economic policies in place need to change. They could simply say they have done all the can with economic policy and it is time for the executive, legislative and judicial branches of government to return to common sense. On Friday and Saturday I did a round trip from Cleveland to Cincinnati for the Bearcat spring football game. Aside from a polar change in the weather driving home I observed lots of economic traffic and development. There were lots of trucks on the road, new construction in the cities and orange barrels in abundance. Things may not be great - but the economy is certainly not stagnant. I do note the visuals might be a lot different in the oil patch as we have heard from some re the stacked rigs. Speaking of the oil patch - what the hell happened to Oklahoma? Bob