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12-14-2011, 09:46 PM
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#103
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lurker level 3.14
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Getting to be time to book that trip to Europe?
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The best grape kool aid is made with hot tap water then cooled for an hour or more in the fridge. The sugar melts and mixes properly. Making kool aid with cold tap water is just barbaric.
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12-17-2011, 04:57 PM
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#104
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Dismember
Join Date: Oct 2008
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Quote:
Originally Posted by ltow
Getting to be time to book that trip to Europe?
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Hardly. The dollar is weakening and the euro is getting stronger. Unfortunately, that means the trip I am planning to England next year is going to cost me even more.
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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12-17-2011, 07:30 PM
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#105
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Member - Re
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I think you will be fine as they are trying to inflate away the debt and are happy doing QE.
Everyone is looking to have parity sooner than later.
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01-13-2012, 04:29 PM
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#106
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Dismember
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http://www.businessweek.com/news/201...-stimulus.html
Lacker Says There’s No ‘Compelling Case’ for More Fed Stimulus
__________________
* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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03-29-2012, 04:38 PM
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#110
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Dismember
Join Date: Oct 2008
Posts: 35,164
Thanks: 171
Thanked 389 Times in 325 Posts
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Fed Chief Bernanke Defends Bond Buys
http://online.wsj.com/article/SB1000...628889206.html
Quote:
Excerpt:
The Fed's two rounds of purchasing government bonds and mortgage-backed securities were "generally successful" in lowering interest rates and helping to support the economic recovery, Mr. Bernanke said Thursday in Washington during his fourth and final lecture at George Washington University.
The "lower long-term rates have, in my view and in terms of the analysis we do at the Fed, promoted growth and recovery," Mr. Bernanke said, although he acknowledged that the effect on the housing market was "weaker than we would have hoped."
The Fed chief addressed critics who have worried about the effect of the asset purchases, known in the market as "quantitative easing." He emphasized that the Fed didn't "print money" to buy the assets, instead crediting banks with funds electronically. The bond buying hasn't contributed to volatility in price levels, Mr. Bernanke said.
"We've been quite successful in keeping inflation low," he said.
Mr. Bernanke observed that the bond-buying programs have actually earned money for the U.S. taxpayer, helping to reduce the federal budget deficit.
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So if you create currency out of thin air by printing FRNs, it is bad. But if you create currency out of thin air electronically, it is no problem at all. Mr. Bernanke obviously believes that we are all profoundly stupid.
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09-16-2012, 12:01 PM
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#114
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lurker level 3.14
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Since we now have QE3 or as some are calling it QE Infinity - this thread is no longer needed as a sticky?
__________________
The best grape kool aid is made with hot tap water then cooled for an hour or more in the fridge. The sugar melts and mixes properly. Making kool aid with cold tap water is just barbaric.
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