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NYBob

06/13/12 9:06 PM

#48472 RE: NYBob #48471

properlynumb

06/14/12 6:25 AM

#48474 RE: NYBob #48471

Your link to 'Endless QE? $zillionz and Counting'
didn't work.

Here's one through Yahoo:
http://news.yahoo.com/analysis-endless-qe-6-trillion-counting-055715395--business.html


properlynumb

06/14/12 6:55 AM

#48476 RE: NYBob #48471

Bernanke has asked Congress for an other stimulus package.
This would take the pressure off the Fed for QEIII.
Don't look for it to happen anytime soon.

From Ben's testimony to Congress, June 7, 2012:

"Monetary policy is not a panacea. It would be much better to have a broad-based policy effort addressing a whole variety of issues," he said. "I would be much more comfortable if in fact Congress would take some of this burden from us and address those issues."




The 800 lb. gorilla is the pending tax cuts and austerity measures coming in the new year.

This is the ultimate game of hardball playing in the political theater.
Congress is dragging their feet looking to elect a republican President and thereby save our country.

Their playing 'chicken' with our future and it's just wrong.