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2012-12-13 Economy
Federal Reserve sets new targets for interest rates
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Posted by tipper 2012-12-13 02:34|| E-Mail|| Front Page|| [222 views ]  Top

#1 The federal Mirror reserve said that without more mirror bending, Americans would continue to appear to be fat.
It announced plans to double the curvature of mirrors in order to keep Americans thin and healthy.
Posted by Bright Pebbles 2012-12-13 06:01||   2012-12-13 06:01|| Front Page Top

#2 Keep printing money until all existing savings are effectively confiscated. Then what?
Posted by Glenmore 2012-12-13 09:14||   2012-12-13 09:14|| Front Page Top

#3 Then what?

Confiscate private homes and businesses. Those magic checks for the welfare recipients and public employees and grant recipients and rent seekers still have to be sent out, doncha know? Gotta fund 'em somehow. If they won't give these up willingly, just send the Lansing union guys to make sure they give them up.
Posted by no mo uro 2012-12-13 09:38||   2012-12-13 09:38|| Front Page Top

#4 If the interest rates had been allowed to rise to the actual cost of borrowing money ten years ago the housing bubble would have been mitigated to one extent or another. And we wouldn't be in nearly the mess we are in.

Interest rates need to go to at least seven or eight percent to cleanse the filth out of our economy. It will happen quickly and be over quickly. Better to rip a bandaid off then pull it off slowly.

I forget who said it first but the problem right now in America isn't that the wealthy and successful have it too easy but that those who have failed to thrive in the private sector aren't allowed to fail.

At some point I really think that if you are a lazy, low skill loser you really have been given enough government forbearance.
Posted by no mo uro 2012-12-13 09:45||   2012-12-13 09:45|| Front Page Top

#5 So next year we'll have

7.5% unemployment
M1 increasing at 10% year over year
2% inflation
3.3% mortgage 30 yr rate
25% of GDP as federal taxes and fees
approaching $1 Trillion in student debt

and Obama still being worshipped as a hope and change savior

45% of GDP as federal expenditures
Posted by lord garth 2012-12-13 11:04||   2012-12-13 11:04|| Front Page Top

#6 25% of GDP as federal taxes and fees
45% of GDP as federal expenditures
Therefore
Real GDP is ~80% of the current value.
Posted by Bright Pebbles 2012-12-13 11:40||   2012-12-13 11:40|| Front Page Top

#7 "At some point I really think that if you are a lazy, low skill loser you really have been given enough government forbearance."

If you're a lazy, low-skill loser, you're due NO forbearance, as far as I'm concerned, no mo.

If the clowns in the gummint want to give to support the losers, they should have to use their own money. How much "forbearance" do you think there'd be then? >:-(
Posted by Barbara 2012-12-13 13:18||   2012-12-13 13:18|| Front Page Top

#8 I'm with you, Barbara.

My post was an attempt at a play on words with Champ's comment about, "...at some point you've made enough money".

Posted by no mo uro 2012-12-13 16:35||   2012-12-13 16:35|| Front Page Top

#9 Barbara I disagree. Somehow the lazy, no-skill, losers must be embraced by our society and allowed to work for their livelihood and dignity.

Right now, with licensing rules for mani-pedi providers, cab drivers, bikini-waxers, and nutrition-advisers, minimum wage laws and mandatory unemployment and health insurance, these sorts of people cannot get any employment whatsoever.

Shall we let them die from exposure and hunger?

That is the Minnesota way, but the weather doesn't cooperate in California or Florida quite the same.

Let's find ways to permit the least able American to survive today, and hope for a better tomorrow.
Posted by rammer 2012-12-13 21:14||   2012-12-13 21:14|| Front Page Top

#10 "Somehow the lazy, no-skill, losers must be embraced by our society and allowed to work for their livelihood and dignity."

I'd love it if they worked, rammer. I'm just tired of the legions who think I'm supposed to work to support them.

I agree we're far too over-regulated, both locally and nationally.
Posted by Barbara 2012-12-13 21:49||   2012-12-13 21:49|| Front Page Top

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