View Full Version : Fed is expected to take new action to lift economy
pphilfran
9/21/2011, 09:51 AM
http://www.dailyfinance.com/article/fed-is-expected-to-take-new-action-to/1207236/
WASHINGTON -The Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment. So policymakers are expected to reach 50 years back into their playbook for their next move.
Most economists expect the Fed to announce a plan Wednesday to shift money in its $1.7 trillion portfolio out of short-term securities and into longer-term holdings....
Expectations that the Fed will do so again, along with renewed fears of another recession, have led investors to buy up U.S. Treasurys. Treasury yields have dropped in response.
The yield on the 10-year Treasury note last week touched a historic low of 1.87 percent. On Tuesday, it finished slightly higher, 1.93 percent....
More at link...
sappstuf
9/21/2011, 09:55 AM
I heard about that this morning on the drive in... Any idea if it will work?
pphilfran
9/21/2011, 09:58 AM
I heard about that this morning on the drive in... Any idea if it will work?
It should lower long term rates and raise short term,,,
They are trying to get housing moving by lowering long term rates...
sappstuf
9/21/2011, 10:24 AM
It should lower long term rates and raise short term,,,
They are trying to get housing moving by lowering long term rates...
I would think that getting people back to work would probably work as well... ;)
OutlandTrophy
9/21/2011, 01:03 PM
It should lower long term rates and raise short term,,,
They are trying to get housing moving by lowering long term rates...
is less than 4% on money to buy a house too much? Do they really need lowered?
pphilfran
9/21/2011, 01:13 PM
is less than 4% on money to buy a house too much? Do they really need lowered?
In a normal time no...
My two cents says that if someone can get a lower rate they might be able to pay a little more for the house...this price increase could take some of the strain off the housing market by softening the slide of home prices...
OutlandTrophy
9/21/2011, 01:26 PM
home prices are still artificially high due to interest rates as low as they have been.
I don't get it.
pphilfran
9/21/2011, 01:31 PM
home prices are still artificially high due to interest rates as low as they have been.
I don't get it.
I agree...in some areas they are still far too high....
The reason you don't get it is because the sob's are in panic mode...nothing has worked...the economy is at a tipping point and they are attempting anything that sticks to the wall....
Position Limit
9/21/2011, 02:29 PM
if only benanke would've obeyed eric cantor and mitch mcconnell's demands to do nothing last night we might have stood a chance. stand down fed!!! the economic superheros command thee. employment aint coming back until a bubble gets funded and created. cantor and mconnell need to stick with the wrong side of the low tax quest in the face of jim chanos and warren buffet. wrong side of the the trade. light weights i tell...
Position Limit
9/21/2011, 02:33 PM
I agree...in some areas they are still far too high....
The reason you don't get it is because the sob's are in panic mode...nothing has worked...the economy is at a tipping point and they are attempting anything that sticks to the wall....
i guess you havent been long equities for the last 2 years. oh home prices? cookie cutter, lawyer foyer homes were never worth much anyway. what else? employment? lack of bubble and efficient modalities are to blame here. wrong on several counts. please carry on though...
pphilfran
9/21/2011, 04:07 PM
i guess you havent been long equities for the last 2 years. oh home prices? cookie cutter, lawyer foyer homes were never worth much anyway. what else? employment? lack of bubble and efficient modalities are to blame here. wrong on several counts. please carry on though...
What are you rambling on about?
I believe you agree that housing is too high and that the fed attempt to prop up prices will probably fail...
What about equities?
8timechamps
9/21/2011, 07:16 PM
The fed's usual prop up attempts will do nothing. Jobs are the only thing that will get the economy moving. Oh, and government spending...but, that seems to be a losing proposition.
8timechamps
9/21/2011, 07:18 PM
home prices are still artificially high due to interest rates as low as they have been.
I don't get it.
Home prices are artificially high because of the mess created when people were buying homes they couldn't afford. Now, those same people want to sell their homes for far more than they are worth, or the market will allow. Thus, creating a stagnant market. Banks are back to their ironclad lending practices, so it's much harder to get a loan, ergo, fewer buyers in an already seller-happy market.
IF the banks would have been so staunch about lending the first time, we wouldn't be in this mess.
soonercruiser
9/22/2011, 11:00 AM
So Fed announces their plan yesterday....
Market drops over 200 points!!!
:chargrined:
Too little; too late!
8timechamps
9/22/2011, 04:54 PM
The fed goes with "Operation Twist", and the markets react by taking a dump on investors. I read a report from an analyst today that said "There are only two good positions to be in with this market: Cash and Fetal". Thought that summed it up well.
pphilfran
9/22/2011, 05:00 PM
It had more to do with increasing fears of a global recession...
Freakin Depression. Unemployment hasn't budged. The only reason they said the last recession was over was all the stimulus cooked the books.
CrimsonCream
9/22/2011, 06:44 PM
It is all bullsh*t from these guys.
First we had the Stimulus. Pi$$ed that away mostly in kick backs, payoffs, bribes, etc. "Shovel-ready jobs weren't so shovel-ready" to laughter. Anybody here think that was funny? Nobody can say where all that money went.
Unemployment wasn't going to be over 8-8.5% What happened? It went up. By the way, what is the definition of a "saved" job?
Recovery Summer? More hype and nonsense. Ask Moody's.
This guy spends us close to bankruptcy (and wants to continue) now wants to raise taxes. Why is it that everything Obama wants to spend is to be paid back over the next 10 years? What happen to "pay as you go?" That what Obama once said.
And yet, there are people here that still defend him. They just make themselves look silly.
soonercoop1
9/26/2011, 05:00 PM
Would seem until housing prices increase in much of the nation and repo'd houses are dealt with nothing will change....credit is still tight and even with stellar credit buying a house still requires some coin...get the idea but they seem to be beating a dead horse...
diverdog
9/26/2011, 09:38 PM
It had more to do with increasing fears of a global recession...
And Wall Street looking for more government stimulus.
diverdog
9/26/2011, 09:44 PM
It is all bullsh*t from these guys.
First we had the Stimulus. Pi$$ed that away mostly in kick backs, payoffs, bribes, etc. "Shovel-ready jobs weren't so shovel-ready" to laughter. Anybody here think that was funny? Nobody can say where all that money went.
Unemployment wasn't going to be over 8-8.5% What happened? It went up. By the way, what is the definition of a "saved" job?
Recovery Summer? More hype and nonsense. Ask Moody's.
This guy spends us close to bankruptcy (and wants to continue) now wants to raise taxes. Why is it that everything Obama wants to spend is to be paid back over the next 10 years? What happen to "pay as you go?" That what Obama once said.
And yet, there are people here that still defend him. They just make themselves look silly.
Crimson:
A lot of that money went towards tax relief ($288 billion), helping local governments and helping the unemployed.
REDREX
9/26/2011, 09:50 PM
Give it up------- Nothing Barack has done has worked----and doing more of the same will not help
Breadburner
9/26/2011, 09:50 PM
It wont get better until president dumb**** is out of office....
SoonerMom2
9/26/2011, 09:59 PM
Breadburner -- you are 100% correct. I thought Carter was bad but ZERO is worse. Pelosi wants to be Speaker again according to reports today -- UGH!
sappstuf
9/26/2011, 10:00 PM
It wont get better until president dumb**** is out of office....
That is a bumper sticker in the making...
diverdog
9/26/2011, 10:02 PM
Breadburner -- you are 100% correct. I thought Carter was bad but ZERO is worse. Pelosi wants to be Speaker again according to reports today -- UGH!
Explain to me what the Republican plan is to deal with the European debt crisis or fixing the housing market at home.
REDREX
9/26/2011, 10:10 PM
Explain to me what the Republican plan is to deal with the European debt crisis or fixing the housing market at home.----The housing market will never find the bottom until the Gov't gets out of the way---No more programs trying to prop it up
diverdog
9/26/2011, 10:25 PM
----The housing market will never find the bottom until the Gov't gets out of the way---No more programs trying to prop it up
What programs are propping up the housing market? In case you have not noticed foreclosures continue to be high and there is a glut of homes on the market.
REDREX
9/26/2011, 10:39 PM
What programs are propping up the housing market? In case you have not noticed foreclosures continue to be high and there is a glut of homes on the market.---Please tell me how well the Gov't program to help people refinace has worked ---They spent a fortune and a large portion are still going to be foreclosures.---How can you keep defending these fools ?-----It is not the job of the Gov't to solve the housing problem or to create jobs and the more they spend trying the deeper the hole will be----How many more $11,000,000 GREEN jobs can we afford ?
diverdog
9/27/2011, 06:01 AM
---Please tell me how well the Gov't program to help people refinace has worked ---They spent a fortune and a large portion are still going to be foreclosures.---How can you keep defending these fools ?-----It is not the job of the Gov't to solve the housing problem or to create jobs and the more they spend trying the deeper the hole will be----How many more $11,000,000 GREEN jobs can we afford ?
Red:
I am simply asking the question what programs are propping up housing prices? As far as I know there are none and home values continue to fall which is what you want...right?
marfacowboy
9/27/2011, 09:03 AM
These are not problems that can be solved by Obama or anyone advocating traditional solutions to our economic problems. The whole system is non-sustainable, particularly the housing market. Growth economics is the problem, because you can't grow infinitely in a world of finite resources. Economies don't operate in vacuums separate from geophysical and biological reality.
We need to start thinking in terms of steady state economics and on systems that are not so completely dependent on fossil fuels. Let's face it. The whole thing, from every can of Coke to every pill to every building, is dependent upon cheap fossil fuels. It's a very dangerous place to be. I've long thought we need a public works program, one that works in partnership with private industry, something akin to the CCC or WPA, that focuses on building high speed rail and delivering point of use solar and wind technologies. Sustainable housing design where we rebuild our existing cities. That's where development growth can come from, not the non-sustainable spec home market where developers build cookie cutter houses that all look the same and where they destroy vast tracts of land to make it happen. Sustainable agriculture that's less dependent on fossil fuels and not held hostage by Monsanto.
I long for the days of the Bailey Savings and Loan where you know your local banker, someone that will work with you through tough times. This massive banking/financial apparatus is killing us.
marfacowboy
9/27/2011, 09:48 AM
You fellas with a lot of investments, I'd advise you to keep your top knot tight. It's gonna be a rough ride:
"Goldman Sachs runs the world."
http://youtu.be/lqN3amj6AcE
RUSH LIMBAUGH is my clone!
9/27/2011, 12:28 PM
In a normal time no...
My two cents says that if someone can get a lower rate they might be able to pay a little more for the house...this price increase could take some of the strain off the housing market by softening the slide of home prices...with a US citizenry still uncertain that the congress and president might still be tempted to go goofy and do some things illogical concernig home buying and mortgages, like their actions during the meltdown of 06-08. Home builders, like most of the business community, are still scared to death.
badger
9/27/2011, 01:15 PM
I once heard of a time where home building was lucrative because homes were worth more than they cost to build.
I bet you old folks all loved those times.
Alas, I still have 25+ years of payments to go :(
diverdog
9/27/2011, 05:44 PM
You fellas with a lot of investments, I'd advise you to keep your top knot tight. It's gonna be a rough ride:
"Goldman Sachs runs the world."
http://youtu.be/lqN3amj6AcE
Thanks for the link. He is telling the truth.
RUSH LIMBAUGH is my clone!
9/27/2011, 05:52 PM
These are not problems that can be solved by Obama or anyone advocating traditional solutions to our economic problems. The whole system is non-sustainable, particularly the housing market. Growth economics is the problem, because you can't grow infinitely in a world of finite resources. Economies don't operate in vacuums separate from geophysical and biological reality.
We need to start thinking in terms of steady state economics and on systems that are not so completely dependent on fossil fuels. Let's face it. The whole thing, from every can of Coke to every pill to every building, is dependent upon cheap fossil fuels. It's a very dangerous place to be. I've long thought we need a public works program, one that works in partnership with private industry, something akin to the CCC or WPA, that focuses on building high speed rail and delivering point of use solar and wind technologies. Sustainable housing design where we rebuild our existing cities. That's where development growth can come from, not the non-sustainable spec home market where developers build cookie cutter houses that all look the same and where they destroy vast tracts of land to make it happen. Sustainable agriculture that's less dependent on fossil fuels and not held hostage by Monsanto.
I long for the days of the Bailey Savings and Loan where you know your local banker, someone that will work with you through tough times. This massive banking/financial apparatus is killing us.Thank you FDR! You sure know your shi*! Ready for the next World War?
Thanks for the link. He is telling the truth.
Yeah, and if you hear negative chatter on TV and the public square about the market you can seldom go wrong betting the other side. Buy fear. Sell when your next door neighbor Bob starts an investing club.
marfacowboy
9/27/2011, 07:54 PM
Thank you FDR! You sure know your shi*! Ready for the next World War?
Nothing like intelligent discourse.
"Even a stopped clock is right once a day."
REDREX
9/27/2011, 08:25 PM
Thats twice a day
Curly Bill
9/27/2011, 08:28 PM
Thats twice a day
LoL
...what was he saying about intelligent discourse? :beguiled:
RUSH LIMBAUGH is my clone!
9/27/2011, 08:34 PM
LoL
...what was he saying about intelligent discourse? :beguiled:Dude's got that socialist, nannystate sort of wisdom-type thing goin' on, what with that knowlledge of (mis)spent fossil fuels and all. Listen to that man for wise application of government ideas.
Curly Bill
9/27/2011, 08:37 PM
Dude's got that socialist, nannystate sort of wisdom-type thing goin' on, what with that knowlledge of (mis)spent fossil fuels and all. Listen to that man for wise application of government ideas.
His posts have a very 60ish, I've smoked a lot of weed, peace and love, vibe to them. It's cute in a way. Makes me wanna watch Forrest Gump.
diverdog
9/27/2011, 10:11 PM
Dude's got that socialist, nannystate sort of wisdom-type thing goin' on, what with that knowlledge of (mis)spent fossil fuels and all. Listen to that man for wise application of government ideas.
He is right about one thing. Housing is unsustainable unless we have a lot more immigration or bigger families.
RUSH LIMBAUGH is my clone!
9/28/2011, 12:31 AM
He is right about one thing. Housing is unsustainable unless we have a lot more immigration or bigger families.Whooooah. Take down those US side Mexican border customs offices, and LET 'ER RIP.
marfacowboy
9/28/2011, 02:08 AM
Thats twice a day
No, one's is really PM, and one's AM. Different isn't the same. And I believe you mean "that's"....
marfacowboy
9/28/2011, 02:14 AM
Dude's got that socialist, nannystate sort of wisdom-type thing goin' on, what with that knowlledge of (mis)spent fossil fuels and all. Listen to that man for wise application of government ideas.
I tend to be more anarchistic in my thinking. I don't look to government for much of anything. But I know a goddamn mess when I see one, and I know corruption when I see it. I've more or less given up on politics in this country. The whole thing is so absurd, and the discussion has turned into nothing more than a shouting match.
So, what I'd like to know is, how do you fellas think any economy can grow infinitely?
marfacowboy
9/28/2011, 02:17 AM
His posts have a very 60ish, I've smoked a lot of weed, peace and love, vibe to them. It's cute in a way. Makes me wanna watch Forrest Gump.
Don't care for drugs. Or smart-alecks....
diverdog
9/28/2011, 06:07 AM
Whooooah. Take down those US side Mexican border customs offices, and LET 'ER RIP..
Clone:
Look at the long term growth of the US population. It will peak late this century then start to decline. At some point there will be more homes than people to fill them.
REDREX
9/28/2011, 08:12 AM
No, one's is really PM, and one's AM. Different isn't the same. And I believe you mean "that's"....---Nice try at a comeback
marfacowboy
9/28/2011, 11:07 AM
---Nice try at a comeback
The fact that you picked that to make a point about, out of everything else, speaks volumes.
REDREX
9/28/2011, 01:51 PM
No -- Your rant was so pointless that it did not deserve a response
Curly Bill
9/28/2011, 05:34 PM
Don't care for drugs. Or smart-alecks....
You hold the opinions you do without ever having taken drugs? Now that's a mystery.
RUSH LIMBAUGH is my clone!
9/29/2011, 01:32 AM
You hold the opinions you do without ever having taken drugs? Now that's a mystery.Here's another mystery that some find of interest, and would like a real clarification: http://www.youtube.com/watch?v=bMUgNg7aD8M&feature=player_embedded
marfacowboy
9/29/2011, 08:51 AM
You hold the opinions you do without ever having taken drugs? Now that's a mystery.
I hold the opinions I hold after many years of study, inside and outside universities. And I wasn't an Obama supporter. I'm still not. I can't stand people like Rick Perry, but I'm not a big supporter of the current Democratic leadership. They're a bunch of do-nothings as far as I'm concerned.
I'm a believer in small town life and a lot of things that many would consider conservative and traditional. But I also know the Republicans are so full of manure it's mind boggling. I founded and run a technology company, a corporation. I know a lot about private equity, corporate taxes, hiring, growing a business, etc. My undergrad and post grad work in liberal arts, prepared me well for it.
We need more people to stop towing these ridiculous party lines and really start using their heads. People need to think for themselves and stop listening to all these phenomenally stupid, poorly educated, myopic, money motivated radio and television shock jocks. But too few are willing to do that. It's all so much easier to just get in line with all the other duckies and march like mindless drones to the beat to the drum. Problem is you're being lead to the cliffs.
diverdog
9/29/2011, 09:10 AM
I hold the opinions I hold after many years of study, inside and outside universities. And I wasn't an Obama supporter. I'm still not. I can't stand people like Rick Perry, but I'm not a big supporter of the current Democratic leadership. They're a bunch of do-nothings as far as I'm concerned.
I'm a believer in small town life and a lot of things that many would consider conservative and traditional. But I also know the Republicans are so full of manure it's mind boggling. I founded and run a technology company, a corporation. I know a lot about private equity, corporate taxes, hiring, growing a business, etc. My undergrad and post grad work in liberal arts, prepared me well for it.
We need more people to stop towing these ridiculous party lines and really start using their heads. People need to think for themselves and stop listening to all these phenomenally stupid, poorly educated, myopic, money motivated radio and television shock jocks. But too few are willing to do that. It's all so much easier to just get in line with all the other duckies and march like mindless drones to the beat to the drum. Problem is you're being lead to the cliffs.
Well said my man. Well said.
Midtowner
9/29/2011, 09:40 AM
I hold the opinions I hold after many years of study, inside and outside universities. And I wasn't an Obama supporter. I'm still not. I can't stand people like Rick Perry, but I'm not a big supporter of the current Democratic leadership. They're a bunch of do-nothings as far as I'm concerned.
I'm a believer in small town life and a lot of things that many would consider conservative and traditional. But I also know the Republicans are so full of manure it's mind boggling. I founded and run a technology company, a corporation. I know a lot about private equity, corporate taxes, hiring, growing a business, etc. My undergrad and post grad work in liberal arts, prepared me well for it.
We need more people to stop towing these ridiculous party lines and really start using their heads. People need to think for themselves and stop listening to all these phenomenally stupid, poorly educated, myopic, money motivated radio and television shock jocks. But too few are willing to do that. It's all so much easier to just get in line with all the other duckies and march like mindless drones to the beat to the drum. Problem is you're being lead to the cliffs.
Spek.
RUSH LIMBAUGH is my clone!
9/29/2011, 11:44 AM
I can't stand people like Rick Perry, but I'm not a big supporter of the CURRENT Democratic leadership. They're a bunch of do-nothings as far as I'm concerned. Which D leaders have done a good jorb?
I'm a believer in small town life and a lot of things that many would consider conservative and traditional. But I also know the Republicans are so full of manure it's mind boggling. What part of the R party platform is full of manure? haha
We need more people to stop towing these ridiculous party lines and really start using their heads. What party lines are ridiculous?
People need to "THINK FOR THEMSELVES" (the D mantra)and stop listening to all these phenomenally STUPID, POORLY EDUCATED, MYOPIC, money motivated radio and television SHOCK JOCKS. WOW, the stupid card and the debbil card in one sentence. You've got talent!
YOU GOT IT GOING THERE, MAN!
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