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Great minds think alike. I posted the below on Al’s other thread prior to listening to Rick’s comment. After mulling it over a little more if they do not pull the trigger it will tell us we are in store for a landslide…..after thinking about it even more I conclude they have to pull the trigger to fire for effect at # of Senate seats changing hands.
Sen. DeMint and Sen. Rubio will be reinforced nicely but how many reinforcements will be diminished with an economic ignorant but blissful zombie voter pulling a lever.
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I am thinking with the increasingly compressed lasting effects of stimulus they are waiting to get closer to Nov. to pull the trigger.
A September moveâ€¦ short attention span general publicâ€¦.followed by multiple weeks of the Paul Krugmans of the world raving about the Obama policies have finally kicked in strongâ€¦.that is worth 5 to 10 million zombie votes easy.
Unfortunately, Dennis M, there are too many blissful zombies out there!
Fed does QE3 – Obama re-electted
Fed sits on its hands = Obama under the bus.
Fed controls the election.
I don’t believe that the Fed or Bernanke are in Obama’s pocket.
I don’t think that either, more likely they get to decide whether he stands or falls.
Al, I believe the earliest the Fed will act will be in September. I disagree with Rick that it will be timed to help Obama since they would have acted sooner in order to have an economic impact for Obama. Acting in September will take weeks for any discernible impact on the economy. I actually believe the Fed at this time wants to appear apolitical.
In spring I was thinking QE#3 prior to July 4th.
But with all the sugar high stimulus spikes and monetary injections across the pond recently it has become obvious that QE only provides a short term boost. They are just sugar highs. Immediate euphoria…market response…..followed quickly by upset.
Although I believe you are generally correct that it would take longer to help….in this instance they are simply looking for something to point to to claim victory. It will not be lasting. It will be like a prom date that never will want to see you again. Robert Reich and Paul Krugman need something to point while Obama pulls rabbit out of his pants.
Dennis….” O…pulls rabbits out of his pants”…….what does Michelle have to say about that…..
I believe you’re correct that the stimulus will not make much difference. The affect is becoming less and less. Ultimately, you won’t affect the deleveraging monster any longer. He will have his way in the end.
Richard, I think you have the right idea but I’m moer inclined to think the Fed will not act until AFTER the election. They definitely want to be seen as non-partisan and detached from whichever Government is in power, although we know thats not really the case in reality.
So I think they will hold off on any further stimulus until probably December/January and then assuming the economy looks like it still needs it, they’ll juice it up a bit again.
Because to be fair, the US economy isnt doing that badly. Its not doing great by any means but compared to various other parts of the western world, its muddling along ok. Everyone wants to see more growth however and there is pressure on the Fed to act if the economic numbers deteriorate. Right now they’re not that bad and only if they drop substantially before the election, would the Fed be really under heavy pressure to react.
For what its worth, I dont think Romney has a hope in hell of being elected. His recent overseas trip was a debacle and he managed to put his foot in it in three different countries (at least). Kind of reminds me of GW Bush – and we all know how much of a disaster that administration was.
I couldn’t disagree more.
george I would have to say your statement is misguided.If you think george bush was so bad then why has Obama out spent the last 41 presidents.If obama is elected he will have added over $10 trillion to the national debt in his 8 year dictatorship.You had better hope Romney is elected to convince US cproprations to invevst the $7 trillion on balace sheets to save the US from bankruptsy.US corportations will not spend a dime Barry is still hiding under the Oval office desk for another 4 years.IMO there has never been a wose president than Obama.Its in the math.
Morning again George,
I just wish we had a charismatic individual running who does not change his mind at the drop of a hat because the Republicans do need all the help they can get.
I am still mulling over what I am going to do. That being a write-in for Ron Paul or holding my nose and voting for Romney.
My gut in the past told me it would be after the election. As long as they can supply “hope” that it’s coming, they may levitate the conventional markets a little longer.
Now that is an interesting point.
Which is worse – QE stimulus providing a spiked pop followed soon after by realization it is more of the same fraud…or hope that the next fed easing in the near future is going to make the economy all better.
We saw in 08 the electorate likes empty hopeful promises.
The funny thing about life is reality tends to happen no matter how it is perceived.
Compared to Europe one could certainly argue that the U.S. economy is kind of okay.
The point, in my mind, is that based on our past we are not doing okay.
If you consider the balance sheet and income statement of the U.S. we are certainly not doing okay.
I agree with you, by the way, regarding potential fed actions.
Thank you for your comments,
The bankers know nothing can be done so long as People think Obama might get re-elected. Therefore the Fed must unseat Obama first by circumstance and if not my hook or crook. The problem the Fed and banksters have, is trying to keep the USS titanic from sinking before the election and before Obama is booted out of Washington. The US and Europe economies are based on 100% perception based on confidence both of which are declining, while not more than 0% is based on reality which has not chance of rising given the existing people in charge.
My question is, do you think Obama realizes this or not? My intuition of Obama tells me he is suspicious, but because he is so deep in crime, corruption, fraud and terrible blackmale that he can’t do anything about it even if he was told so straight to his face. In fact I believe he has been told straight to his face the fact that he is done.
I have to respectively disagree, Clay.
I think that the president’s agenda is toward big government and socialism. I happen to disagree very strongly with that agenda.
I personally believe that he is doing that because he believes that is the correct agenda for the country.
I, again personally, STRONGLY DISAGREE!
Do we want massive unemployment and a depression or 1% growth with massive inflation…which one feels better….print …print…print
In terms of long term macro economics, I find that Canadians Don Coxe, Eric Sprott and Arnold Bock for his gold backed two tiered worlwide monetary system make more sense than most other prognosticators. Any chance that you could snag any of these guys, hopefu;ly all, for interviews?
Will try Dai Uy.
If I get them all on, are you willing to wear a Husky Hat to the Apple Cup?
Yes. Provided of course you’ll be willing to sing my version of your Husky fight song should the Cougs win. In the meantime, are you going to give Marc and me 22 points for your September 1st opener?
22 points, Dai Uy?
We still are not sure who will be showing up for the game!
Diehards like me can only hope!!
Dai Uy – Gold is not a solution. The whole system is corrupt to the core, the new printed money goes to friends of the regimes, not to the people. Special Grand Jurys need to be set up to clean the slate and remove the criminals in charge.
Missive: Perhaps gold is not a solution, but it works as a very usefull counterbalance weight in the checks and balances of a nations government, courts, currency and social fabric.
Consider for a moment the US as a scale, on one side of the balance things are added and removed while on the other side is a series of counterweights. At present the counterweights are corrupt, they change weight up and down at the whims of just a few dozen people while the point of balance is moved back and forth as leverage to provide advantage to mostly big government. The scale being used by people all over the world is rigged and when people buy, sell and trade goods or services they have no idea how their actions will be weighed or judged, that is the corruption you speak of in the system. Confidence and trust is eroding in the system because it is corrupt and run by criminals.
That is why Gold is so important as a unit of equality for everyone. At present the counterbalance weights used in the economic system is fiat money, subject to corruption, fraud, crimes and everything going wrong. In order to return justice, integrity, freedom and liberty to our country, we must replace the fiat counterbalance weights with something that can not be created or manipulated at the whims of anyone or any number of people, elected or not. That is why the founding fathers of this nation spelled out gold and silver as monetary units in the constitution. Gold is more than just money because it works better than anything else as stable, non corruptible counterbalance weights to help provide the freedom, liberty and justice for all Americans and not just a few.