Initial unemployment claims plunge 27,000 to below 400,000, lowest level since April

That's funny, you didn't mention anything about QE3 last summer when you assured everyone gas would be at $5/gall last summer.

 

Wow. At that rate, that means only one and a half million (1,500,000) people will lose their jobs @ month.

 

many many times I have said QE must continue indefinately or else a spectacular collapse takes place!

so either QE continues until the currency crisis hits or QE ends and a spectacular collapse takes place bringing down the banking system!

 

Didn't QE end already?

 

yes it did....like I said the air is getting low...why do you think the DOW is so volatile now for? Why do you think bonds are rising while commodities ( especially copper) are falling for?

More air means buying a little more time along with higher prices again.....no QE means the tire will go flat.....or in other words....good bye banking system.


Hey Iriemon....I think I am teaching you austrian economics here LOL

 

1) The Republican Tea Party debt ceiling fiasco which freaked everyone out and shattered confidence.

2) The Euro debt situation which has everyone freaked out.

We could use a little inflation.

 

Because of the European banking crisis? Because lack of demand will likely continue as long as austerity minded **********s block real stimulus?

 

Didn't you claim that QE2 would lead to hyperinflation?

Oh, yes, we're supposed to forget all the time Tea Partiers predict hyperinflation.

 

Yep, just like they predicted that gold would rise in the 1980s. Wait a minute . . .

You know it's easy to predict things after the fact. That's the Austrian School method.

Tell us now where gold will be in two years -- is that longterm enough?

 

better yet lets fix the bloody tire

 

The tire is not going to be "fixed" for awhile. It's a big repair job.

And you all want to slash the sidewalls.

 

in 1980 it was so obvious....interest rates were rising to crazy levels and all those lunchbox Joe's lining up at coinshops......when the dumies jump in its time to jump- out

 

then keep putting more and more and more air in the tire.....that is....until it eventually bursts.( hyper-inflation)

PS you see.....austrian econimics is really quite easy to understand

 

I figured long ago it was like an worn out tire.

 

no I said and I will repeat...QE 2 will lead to QE 3......QE 3 will lead to QE 4 and so on......and at some point ( 2012 to 2013) it will lead to a currency crisis. The tire will burst

 

yup.....Obama and his keynessian crap sure is an old worn out tire just like in the 1930's

 

Psssst: Keynesians predicted the stimulus was woefully too small. They were right.

So your complaint is exactly incorrect. We need more stimulus not less, in an economy this size with a financial burden brought about by deregulation so reckless.

 

So obvious, except to all the gold bugs who bought gold.

And of course you were tooooo smart for that.

You remind me of my uncle, who claims he always wins in Vegas. Fact is, he just never counts the losses.

 

LOL too small? Think what you are saying for a moment! Hey we are not in debt enough......we need more debt....we need to go deeper in the hole.


These keynessians.....I tell ya!

 

of course I was too smart. So tell me...do you see interest rates rising anytime soon?

 

Depends what you mean by soon. The funny thing about Austrian Schoolers - they alway fudge.

 

Yep, more debt, higher taxes on the wealthy, investment in productivity. That's what worked to get us out of the Depression. The result will be economic growth, more tax revenues and lower debt in the future.

But don't let empircal facts get in your way, after all, you're Austrian School.

 

Bernacke himself has said he won't raise interest rates for 2 more years!

 

all that keynessian crap just dragged the depression on and on for several more years!

 

Yes, yes, we know that Austrian School meme. Thanks for playing. Your religous zeal for rules that favor owners of capital is noted