"a Fed board member.... warned yesterday that the central bank can’t wait for the economy to return to normal before raising interest rates again to fend off inflation. And once it starts to boost rates, the Fed may need to act with “greater swiftness than is modern central bank custom"
So much for any hope of that loan, 'murkn. Or any relief at all.
Think this is in response to the AUDIT the FED BILL? I do. It's a veiled threat.
Goodbye, U.S. economy and dollar. We all knew it was coming, as planned by the monsters.
Dollar has been weakening and the MSM rarely tell you, America. And when YOUR DOLLAR WEAKENS THINGS COST MORE, something YOU KNOW WHEN you head to the CHECK-OUT LINE!
"August home sales falter after 4 months of gains" by Jack Healy, New York Times | September 25, 2009
NEW YORK - Sales of previously owned homes fell unexpectedly last month, an industry group reported yesterday, showing that a budding recovery in the housing market remains weak and faltering....
And the Fed is going to short-circuit it! Aren't you glad they are on the job "fixing" it for you, 'murka? You can trust 'bamer, right?
Economists said it was too soon to say whether the drop represented a hiccup in the market, or a sign of deeper problems. Despite the monthly decline, sales in August were still 3.4 percent higher than a year earlier, when the collapse of the housing market was rapidly dragging down the economy. And they marked the second-highest sales figures of the year....
Yeah, everything is great.
--more--"
Sigh. So sick of business page pukes putting perfume on a turd.
"Economic data signals bumpy recovery for US" by Christopher S. Rugaber, Associated Press | September 26, 2009
WASHINGTON - A reminder that the path to an economic recovery will be a slow and bumpy one emerged yesterday from weaker-than-expected data on durable goods orders and new home sales.
The reports “are a wakeup call for anyone expecting a smooth transition to a strong economic recovery,’’ said Paul Ashworth, senior US economist for Capital Economics.
The durable goods figure caused some economists to lower their forecasts for third-quarter economic growth. Still, the volatility isn’t unexpected as the economy struggles to arise from the worst recession since the 1930s. “No one said this would be a smooth recovery,’’ Benjamin Reitzes, an economist at BMO Capital said.
Pffft! You guys.... I'm speechless, folks. They been telling us for months now how we're coming out of it, blah, blah, blah, jobs still lost, blah, blah, blah. I'm so sick of the MS lying it's... pffft. Pffft!
The reports also reflect the uncertainty that lies ahead as some government stimulus efforts wind down....
So ALL YOU GOT was a DEBT-LADEN, INTEREST-COSTING, SUGAR HIGH, America!
That was OBAMA'S STIMULUS so he could TALK SHIT at the G-20 about how they SAVED the ECONOMY and CREATED MILLIONS of JOBS!
I'm not kidding, he said that!
That message was reinforced by a Fed board member who warned yesterday that the central bank can’t wait for the economy to return to normal before raising interest rates again to fend off inflation. And once it starts to boost rates, the Fed may need to act with “greater swiftness than is modern central bank custom,’’ Fed member Kevin Warsh said in a speech in Chicago.
For now, the economy’s improvement is coming mainly in spurts, rather than a continuous arrow up....
Which means it REALLY ISN'T IMPROVEMENT, huh?
Economists were disappointed that business investment didn’t pick up....
Thanks for pulling your weight, dudes.
Many economists hope business investment, along with growing exports, a turnaround in housing, and government spending will drive the recovery.
Gee, banks reportedly made BILLIONS in PROFITS so why can't they invest in something? Me, I have nothing to invest.
And AS LONG as the ECONOMY is SHEDDING JOBS not adding them, there IS NO RECOVERY!!
PERIOD, paper!!!!!!!!!!!!!!!
Consumer spending is expected to remain weak due to widespread job losses, sluggish income growth, and tight credit.
Yup, and that is 70% of the economy, and can't get a loan despite the trillions the Fed dumped into bank pockets.
Message, looting complete. Now BACK to the OUTHOUSE, 'murka!!!
The RECOVERY has been CANCELED because there NEVER WAS ONE!!!!!!!
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Related: Consumers Cutting Debt Killed Recovery
Out-of-Work Americans Killed Economic Recovery
Yeah, it is ALL YOUR FAULT after THESE CROOKS set everything up for you, consumer!
