Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


Reply
 
LinkBack Thread Tools Display Modes
Share |
  #1 (permalink)  
Old 02-26-2013, 01:05 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
US unemployment merits third round of money printing, says Ben Bernanke

Quote:
The US needs more quantitative easing, despite the improving economic outlook, because unemployment remains too high, America’s central bank boss said, as he warned that looming budget cuts could derail the recovery.

Ben Bernanke, chairman of the US Federal Reserve, defended the decision to launch a third round of QE by telling US politicians that the benefits still outweighed the risks.

He was speaking shortly after Sir Mervyn King, Governor of the Bank of England, told an audience in Japan that monetary policy was “not a panacea” for economic problems and repeated his warning that, “as time passes, larger and larger doses of stimulus are required”.

Mr Bernanke said policymakers were aware of the risks from QE3, which was launched at the end of last year, including potential problems with unwinding the programme and rising inflation, but he claimed they were not material at the moment. “To this point, we do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery and more rapid job creation,” he told the Senate Banking Committee.

The Fed is currently buying $85bn (£57bn) in bonds each month under QE3, having already acquired $2.5 trillion, and plans to keep purchasing assets until it sees a sharp improvement in unemployment. However, the policy has divided Fed members, some of whom are concerned about the potential risks.

Mr Bernanke also urged US politicians to avoid sharp spending cuts set to come into effect on Friday, which amount to a new “fiscal cliff”. He warned that they could combine with earlier tax increases to create a “significant headwind” for the economic recovery
Read the entire article at: http://www.telegraph.co.uk/finance/e...-Bernanke.html

Do you think that everythink is going to be fine?
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote

Advertisement

Advertisement

  #2 (permalink)  
Old 02-26-2013, 06:51 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Fed Faces Explaining Billion-Dollar Losses in QE Exit Stress

The potential losses are unprecedented in the Fed’s 100- year history

http://www.bloomberg.com/news/2013-0...-qe3-exit.html
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #3 (permalink)  
Old 02-27-2013, 04:57 AM
Zap's Avatar
Zap Zap is offline
Super Moderator
Latest Blog:
None

 
Join Date: 01-15-06
Posts: 13,751
iTrader: 5 / 100%
Yes. Printing currency has done a fine job with the economy so far, why not double down and start printing at a faster rate?
 
Reply With Quote
  #4 (permalink)  
Old 02-27-2013, 09:28 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by Zap View Post
Yes. Printing currency has done a fine job with the economy so far, why not double down and start printing at a faster rate?
Wait until this money hit the market...
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Money Printing Madness Franc Tireur Controversial Social Issues 0 10-13-2012 07:15 AM
Will Bernanke keep his job? Franc Tireur Controversial Social Issues 6 07-08-2009 06:09 AM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 03:25 PM.
Powered by vBulletin
Copyright © 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2014 Escalate Media




Search Engine Optimization by vBSEO 3.6.0 RC 2 ©2011, Crawlability, Inc.