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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
61,015.32
(
1.17%
)
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capt_jmj

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capt_jmj

Re: Two-timer post# 18768

Wednesday, 09/30/2009 12:01:57 PM

Wednesday, September 30, 2009 12:01:57 PM

Post# of 31925
The private deal was with Bernanke, no doubt as a condition of Bernanke's reappointment, to support the markets, "whatever it takes" (Bernanke's own words). What other explanation can there be for ~ $2T in added liquidity via the Fed balance sheet? It has surely not been based on fundamentals, which continue to suck. "Less bad" doesn't mean "better". If 500K jobs were lost last month but *only* 400K this month, how is that better? Isn't that 400K more jobless consumers who will be defaulting on their mortgages, credit card debt, and deferring large purchases?

Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

http://investorshub.advfn.com/boards/board.aspx?board_id=7383

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