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Fed Tapering Still On Track, Hawk And Dove Agree

Friday, September 6, 2013 - 7:19 PM
From finance.yahoo:

     "Expectations for a modest cut in the U.S. central bank's monthly bond
      purchases at the upcoming meeting were mostly intact after a mixed
      August payroll report, released earlier on Friday.

      Most economists at U.S. primary dealers expect the Fed to ease back on
      stimulus after the September 17-18 discussions, according to a Reuters
      poll which showed such bets had firmed in the last month."

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2
cumuluscumulus297 posts since
Jan 16, 2010
Rep Points: 1,374
1. Saturday, September 7, 2013 - 8:05 AM
"That such a jobs recovery may not materialize has to make them at least think twice, maybe three times, about pulling the trigger on the so-called taper at this policy committee meeting. Adding to the case for waiting is a looming fiscal standoff and rising oil prices set off by the conflict in Syria, which is heightening geopolitical worries."

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/06/ignore-the-headline-this-was-a-very-bad-jobs-report/?hpid=z4
5
ShorebreakShorebreak2,378 posts since
Apr 6, 2010
Rep Points: 12,697
2. Saturday, September 7, 2013 - 12:13 PM
Maybe Congress will think more about what happened with sequestration and other budget cuts. As we have seen with  the Europe budget cuts and their nearly 12% unemployment budget cuts did not work.  Even Romney's advisors Hubbard and others are saying this now. Maybe we should try a little more infrastructure cuz things were picking up. Exports are not going to happen with high unemployment overseas. Maybe we need a little more stimulus within our borders as an alternative. Things like  insulating more homes and buildings, working on our electric grid etc that will pay off in the future while making jobs now. I know when we added insulation to our 40 year old home we were able to cut our heating bill substanually. When we purchased this home it did not even have the spray foam insulation but we have 2X6 construction and our heating bills are only $56 a month year around for 2000 sq feet and we heat the walkout also for another 2000 sq feet. My friends are paying 3 times this amount with 1300 sq feet and are not heating their basements. Think how much we could add to the economy if we could help everyone who could not afford to take advantage of the state and federal rebates to add insulation to their home while making more jobs.  
5
AllyAlly785 posts since
Jan 16, 2010
Rep Points: 2,281
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