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Re: QE

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 15 Sep 12 9:41 PM | 49 view(s)
Boardmark this board | The Trust Matrix 		Msg. 10075 of 54959
(This msg. is a reply to 10074 by Cactus Flower)
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Don't take it from me. Even the right of centre economists thinks so:

"According to the IMF, the quantitative easing policies undertaken by the central banks of the major developed countries since the beginning of the late-2000s financial crisis have contributed to the reduction in systemic risks following the bankruptcy of Lehman Brothers. The IMF states that the policies also contributed to the improvements in market confidence and the bottoming out of the recession in the G-7 economies in the second half of 2009.[62]

Former Federal Reserve Chairman Alan Greenspan calculated that as of July 2012 there was "very little impact on the economy" and noted "I'm very surprised at the data."[63]

Economist Martin Feldstein argues that QE2 led to a rise in the stock-market in the second half of 2010, which in turn contributed to increasing consumption and the strong performance of the US economy in late-2010.[64]"

http://en.wikipedia.org/wiki/Quantitative_easing

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The above is a reply to the following message:
Re: QE
By: Cactus Flower in ALEA
Sat, 15 Sep 12 6:50 PM 		Msg. 10074 of 54959

Hi csl,

in right wing fantasy land, inflation has been rapidly eroding the value of money, taxes have been increasing, the bush financial and economic collapse didn't happen, the stimulus didn't stop that and help begin the recovery, the failed right wing predictions of hyperinflation for five years are not an absolute failure of their economic theory, unemployment numbers are increasing rapidly, us gdp is declining etc.

The fact that none of these things is true does not stop you guys commenting on the past as if what you are describing is history. Or making more predictions!

But frankly. If you cannot put on spectacles and have a look at some actual evidence, rather than just spouting what you just know must be true ... then there is no hope for you. :-(

Every time they have used QE, you have flat out insisted hyperinflation was about to occur. I think it is an ailment! ;-) The problem for the last five years was deflation. QE ameliorated the rise in the value of money. Wake up. Please. The numbers are available. I keep on posting them. Surely you will look at them one day.

You are a great bloke. But you seem to be also, charmingly, as daft as a brush.

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