Quote:
Originally Posted by Slava
Just curious as to which camp you're in macker? The "let them fail and reap what you sow" or the "bail out and debt relief" side fo things?
|
Right now the markets....in the four weeks ended November 5, 2010, US economic data beat market expectations by the largest margin since mid-September 2009. Stronger than expected reports on manufacturing and services-sector activity and a larger than expected gain in US private-payroll employment. Retail spending has also really picked up again. These reports augur well for the economy/market to kick it up a notch in the fourth quarter. Still though....the Federal Reserve decision to purchase $600 billion of US Treasury bonds by the end of the second quarter of 2011 is excessive/reckless/dangerous/troublesome and many other words as images of other short-sighted decesions last seen on the individual level take hold on the grandest level.....like a Cupcake things will be great for the next little while but much of it is artificial and with that come consequences that we have likely never seen before....The Fed = The Brick "don't pay a cent event"....it could work out for awhile and you have to be in this market....