Bernanke to continue stimulus

The Dude said:
I'm guessing I understand it better than you!
As my economic understanding led me to retire at 52
A strong dollar is preferable, should we get fiscal policy on track we might get it
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My guess is you don't. Your investments led you to retire at 52. Investments predominantly in oil... the sector you worked in and understood. You keep trying to equate investing to an understand of economics in general.

A strong dollar is preferable, as I stated, yet when I point that out you initially chirped up with 'Obama done made the stock market go up'. Yet this move up was largely due to the Fed bond buying via the three QE programs.
 
Superfreak said:
My guess is you don't. Your investments led you to retire at 52. Investments predominantly in oil... the sector you worked in and understood. You keep trying to equate investing to an understand of economics in general.

A strong dollar is preferable, as I stated, yet when I point that out you initially chirped up with 'Obama done made the stock market go up'. Yet this move up was largely due to the Fed bond buying via the three QE programs.
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Easy to take pot shots, while dodging your own investments
True I'm heavy in oil, but I have made a significant amount outside of oil.
 
Superfreak said:
My guess is you don't. Your investments led you to retire at 52. Investments predominantly in oil... the sector you worked in and understood. You keep trying to equate investing to an understand of economics in general.

A strong dollar is preferable, as I stated, yet when I point that out you initially chirped up with 'Obama done made the stock market go up'. Yet this move up was largely due to the Fed bond buying via the three QE programs.
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I wouldn't and haven't argued against either, my point is, given what you said why wouldn't you be all in the stok market!
 
We didn't really have a "strong dollar" policy during much of the Reagan/Bush/Clinton era. Basically, from the beginning of Reagan's 2nd term through the end of Clinton's 1st term, the dollar was fairly weak:

fredgraph.png


But again, saying that a strong dollar is good now because it was good then, without taking into consideration other underlying economic conditions is fuckign stupid.
 
cawacko said:
What do you feel is the appropriate policy solution(s), if any, to deal with this issue?
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Lower the SS age, send out tax rebates, and most importantly, spend tons, tons, lots and lots and lots, of money on building this country. Our roads and bridges are horrendous, our airports suck, and we have no high speed rail.
 
Dungheap said:
We didn't really have a "strong dollar" policy during much of the Reagan/Bush/Clinton era. Basically, from the beginning of Reagan's 2nd term through the end of Clinton's 1st term, the dollar was fairly weak:

fredgraph.png


But again, saying that a strong dollar is good now because it was good then, without taking into consideration other underlying economic conditions is fuckign stupid.
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Thanks again for proving you just post charts without knowing their meaning.

1) As a net importing nation we will most certainly benefit from a stronger dollar.

2) Pretending that economic fundamentals have 'changed' is what is fucking stupid. (which is the same line of crap the idiots spouted in late 99 early 2000... we have a 'new economy' the 'old rules don't apply')

3) Why not post what the chart of the dollar has looked like since 2001?

4) Overlay what happened in the economy in the periods where the dollar was strengthening on the chart above?

http://research.stlouisfed.org/fred2/series/TWEXB
 
Superfreak said:
Thanks again for proving you just post charts without knowing their meaning.

First of all, the chart I posted shows that we didn't have a strong dollar policy in place for much of the Reagan/Bush/Clinton period as you claimed. A normal person would at least acknowledge that very basic and unassailable fact.

1) As a net importing nation we will most certainly benefit from a stronger dollar.
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Strong dollar is great when we have full employment, but when we have low aggregate demand increasing demand through exports is the appropriate policy. Lower prices through cheap exports isn't all that its cracked up to be when people ain't got jobs.

Superfreak said:
2) Pretending that economic fundamentals have 'changed' is what is fucking stupid. (which is the same line of crap the idiots spouted in late 99 early 2000... we have a 'new economy' the 'old rules don't apply')
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Um, I was mainly just talking about unemployment, which has been persistently high for a few years now, which wasn't the case, say, in the late 1990s (more than full employment). Edit: also, too, low aggregate demand and a yawning output gap.

Superfreak said:
3) Why not post what the chart of the dollar has looked like since 2001?
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Because it's not relevant to your claims about the "strong dollar policy" in the Reagan/Bush/Clinton era.

Superfreak said:
4) Overlay what happened in the economy in the periods where the dollar was strengthening on the chart above?
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I'll do that just as soon at you establish which way the causation runs. Also, why link to a data series that begins in 1994? Why not go back to the 1980s. What happened in the from 1985 thorugh 1989 when the dollar was weakening? Oh, right, the single greatest period of peace time expansion (not that weak dollar policy was responsible for that).
 
Darla said:
Lower the SS age, send out tax rebates, and most importantly, spend tons, tons, lots and lots and lots, of money on building this country. Our roads and bridges are horrendous, our airports suck, and we have no high speed rail.
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1) Lowering the SS age is not a good idea... we are getting older as a population and the population over 65 is growing as is.

2) Tax rebates are nothing more than short term gimics. they are not long term solutions... people blow it, we have a good quarter or two and nothing gets resolved. Companies don't hire based on short term stop gap 'solutions'

3) Infrastructure spending is a good idea. If we are going to borrow now, this is a great way to effectively stimulate the economy as it forces jobs to be created. It does so at a time when the labor market is weak, which is also good. Construction costs also tend to be lower during an economic downturn (not to mention with inflation costs will only go up from here). Given that we must rebuild infrastructure at some point, now is the perfect time to do so.

4) we do not need high speed rail.
 
Superfreak said:
1) Lowering the SS age is not a good idea... we are getting older as a population and the population over 65 is growing as is.

2) Tax rebates are nothing more than short term gimics. they are not long term solutions... people blow it, we have a good quarter or two and nothing gets resolved. Companies don't hire based on short term stop gap 'solutions'

3) Infrastructure spending is a good idea. If we are going to borrow now, this is a great way to effectively stimulate the economy as it forces jobs to be created. It does so at a time when the labor market is weak, which is also good. Construction costs also tend to be lower during an economic downturn (not to mention with inflation costs will only go up from here). Given that we must rebuild infrastructure at some point, now is the perfect time to do so.

4) we do not need high speed rail.
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It's an excellent idea, people will retire and we will bring young people into much-needed jobs. I would increase SS too while I was at it.

Giving money to people who will spend it isn't a gimmick, it's stimulus.

Of course the greatest, wealthiest country in the world needs high speed rail! Everyone is passing us by. That might be okay for conservatives, but I believe we can still be number one!
 
Darla said:
LOL It makes your hair shinier. It's great for the summer months to combat the effects of humidity.
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That still doesn't help. Considering we have lower humidity on average here than in AZ, maybe nobody uses it here.
 
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