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Federal Reserve Could React To Stalled Economy

August 9, 2011 by  

The Federal Open Market Committee will address the failure of the $2.3 trillion bond buying that failed to spur sufficient economic growth and reduce the unemployment levels to below 9 percent.A stalled U.S. economy and a plunging stock market may lead the Federal Reserve to react with the limited resources that it has left at its disposal, The Associated Press reported.

The central bank for the U.S. is expected to acknowledge its part in the adverse trends that have occurred since the policy-making committee for the organization met in June. While this is viewed as the minimal action that will occur, many private economists have predicted that Chairman Ben Bernanke and his colleagues will do more than just admit their inadequacy, according to the news outlet.

Bernanke had said in July that the organization would consider more stimulus only if the U.S. economy were to weaken more than it already had, a statement that has now caused analysts to predict further government intervention in the form of another stimulus, reported the AP.

“I don’t think the Fed can stand by,” Mark Zandi, chief economist at Moody’s Analytics, told the news agency. “This is a crisis of confidence and the Fed needs to shore up confidence.”

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  • Cawmun Cents

    The articles premise is akin to the Fed eating an apple,and defecating fruit salad.They will perform magic right in front of your eyes,and restore confidence that is not there.

    They intend to(analgously)throw candy coated lead pellets to the rats on the ship,to convince them it is not sinking.The added weight makes it sink faster,but the rats cant help eating the pellets.The good feeling the rats get from tasting the sweetness of the candy-coating, precludes them from understanding that gravity is taking over.They are doomed by their desire for comforting feelings.Especially since those feelings come from a false sense of security.As some of the rats become wise to the ploy,they scramble for the upper decks.But the rats who see the candy-coated lead pellets that have been abandoned by their compatriots,rush forward and gobble them up faster,to facilitate submergence.The end game is that the decisions have been too slow in coming,and the feelings of the moderates weigh down the realizations of the idealists.The ship plummets to the depths with ALL the rats.There is NO escape.The pressiure crushes them quickly ending the last gasp for air.

    Last gasp…….that about sums it up doesnt it?

    -CC.

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