From NYT today: Hey, Big Saver!

Move along, nothing to see here!
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EMJ
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Post by EMJ »

...So whereas the Federal Reserve was once tasked with performing life support on the financial sector, it’s new challenge is more subtle but nearly as complicated. It needs to convince consumers that they can trust the economy again, that now really is the time to jump back into the stock market or buy that bigger house. ..
www.nytimes.com/2012/09/30/magazine/hey-big-saver.html


jacob
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Post by jacob »

I'll trust the economy as soon as interest rates exceed 5% as that would be indicative of a functional economy that does not rely on harebrained schemes that are only possible because of artificially low interest rates.


Radamisto
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Joined: Sun Oct 30, 2011 10:18 pm

Post by Radamisto »

Very good news. For the gold market that is. The real economy is sure to take a hit.


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