Wow, the only way the US economy is surviving is for the Fed to create successions of Bubbles. In the near future, we will have bubbles after bubbles in a 2-3 year cycle because god forbid that real wealth and tangible products be created in the US.
Just shows the true desperation of this hole we've dug our selves in to. Who really decides what we do with our money anyway? No one knows who's really in charge of the FED or what they're true motives are. I believe they know exactly what they're doing. It's just that they're end and the end of Americans don't exactly match up.
Who cares what hoening says, it's all talk and no action. Bubble ben bernanke is creating the next asset bubbles to push the economy back to where it was. That's the only thing he knows how to do, only ones making out great on his money printing schemes are the extremely wealthy, banks, and the rest of wallstreet and it's counterparts. This cannot continue.
QE is happening and will continue to happen regardless of what you scream about. One of the primary goals, obviously, is a weak dollar. So now the rest of the world, which has benefited from US outsourcing, will have stronger currencies with which to import US goods and, also, US companies will start the "insourcing" process; eventually, the US economy will regain its footing. A weak dollar is good for the States. The Fed has to control where it meets equilibrium: inflation vs real GDP tradeoff. In the meantime, just continue to trade the ups and downs, don't be too hasty, and go and spend some profits!
Mostly BS! A weak dollar is good for SOME, bad for most Americans. "Inflation vs. real GDP tradeoff"? Not in US... almost all downside here. US economy has already regained its footing, but there is no solution for the unemployed without major shift toward Capitalist principles. Fed is trying to give the APPEARANCE of things getting better.. when in fact the foundation and wealth of America are eroded by their policies.
How could anyone think a weaker dollar is good. Everyone knows a weaker dollar cuts into the spending power of consumers and that a weaker dollar also leads to inflation since it increases the prices of imports. Keep cheering a weaker dollar because when inflation really touches down on the economy you will wish you never cheered a weaker dollar for the economy.
Good that you mention import inflation : USD Import Price Index (YoY) (SEP) 3.5% ( less than 3.8 expected )