Fed Chairman Ben Bernanke and other policymakers "will have all the rationale they need to open the liquidity spigot." HMMMMMMMMMMMMMMMMMM open up the liquidity spigot. Really, more liquidity, this is what Im trying make known, that idiots think that continuing to provide liquidity to the economy is the fix to the financial crisis, its not, why the fuck do people still believe this is the fix, its clearly not. This entire global economy is being artificially held up by cheap worthless dollars. Thats not a fix to this crisis. Continuing to keep liquidity and stimulus in the market is only creating inflation, while pushing the inevitable collapse closer to the edge once again. Wall Street rises on GDP, stimulus hopes ReutersReuters â 1 hour 43 minutes ago By Edward Krudy NEW YORK (Reuters) - Wall Street rose on Friday following a report on U.S. economic growth which met expectations and on hopes for further stimulus from the Federal Reserve and the European Central Bank. U.S. economic growth slowed, as expected, in the second quarter as consumers spent at their most sluggish pace in a year. The figure was better than investors' worse fears but still weak enough to potentially push the Fed closer to pumping more money into the economy. "The Fed's concern and mandate is employment. Annualized GDP growth at 1.5 percent cannot begin to mend the unemployment picture," said Joseph Trevisani, chief market strategist at Worldwide markets in Woodcliff Lake, New Jersey. Fed Chairman Ben Bernanke and other policymakers "will have all the rationale they need to open the liquidity spigot." Stocks leapt nearly 2 percent on Thursday, erasing much of the losses for the week, as ECB chief Mario Draghi said he would do whatever it takes to save the euro. That followed a story in the Wall Street Journal on Wednesday, which was seen as heralding a new round of stimulus from the Fed. Optimism over further stimulus measures has helped offset a mixed U.S. corporate earnings season, with many companies beating profit forecasts but often missing revenue projections and warning about sluggish global growth. As of Thursday, about half of S&P 500 companies have reported earnings. Of those, about two thirds have beat profit forecasts. Three in five, however, have missed Wall Street's revenue projections, according to Thomson Reuters data. Gross domestic product expanded at a 1.5 percent annual rate between April and June, the weakest pace of growth since the third quarter of 2011, the Commerce Department said on Friday. (Reporting by Edward Krudy; Editing by Kenneth Barry)
I don't think there is any doubt that dumb fuck Ben and the other arrogant semi retards are going ruin the US. They already have us on course to blow completely because of deficit spending.
The only reason our GDP is growing is because we are spending money we dont have to keep it growing. GDP $15.3 trillion. We overborrowed by 1.6 trillion to arrive at that that GDP of $15.3 trillion. If we didnt overspend by that much, our GDP would be 1.6 trillion less or $13.7 Trillion. (this is not even taking into account the Velocity of money which I believe would actually make the GDP around 13.3 Trillion(maybe lower...I dont know what the current ratio is for VoM) If people did the math, they would panic and sell dollars and the price of gold would be $3,000+ by now.
Luckily the markets are controlled by the "emotions" and "confidence" of the masses and not some mathematical mumbo jumbo nonsense mr dumbo. Now if we can get some ECB bond support tomorrow markets will roll onward and upward. The euro will rally because of the increased confidence too. This five to ten year bull market shall roll onward!