GeoPolitical Economic Financial Trends in Perspective
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The Demise of QE-2
Oh, Really?
Speculation and QE-2 Go together like a horse and buggy.
Or was that …like a 1.64 Trillion Dollar deficit and a rather conflicted Federal Reserve?
Or was that like a 3.7 Trillion Dollar Budget and a rather conflicted Congress?
In view of the administration’s disdain for the express will of the people such as became manifest and more than abundantly clear last November…the question remains as to whether or not QE-2 is to go …or stay and become supplanted by what may become QE-3 is anybody’s question …or is it?
Unlike what would otherwise be like a deep black secret …the demise of QE-2 is anything but …beyond top-secret.
Instead, whether QE-2 is to stay or go …is something which Federal Reserve Chairman Ben Bernanke is not surprisingly …now, more than less …obligated to disclose openly to the likes of Congress …namely, to satisfy the likes of a more than entitled curiosity …the itchy ears …of the likes of those of Senator Ron Pall not withstanding.
The following are two crisis words.
And …if there ever were two words today which have crisis written all over them …they are those uttered in Congress today!
The following two words which were those spoken loud, strong and clear.
The words were part of an address which characterized U.S. Public Debt as “…unsustainable debt …â€
These two words came from The chairman of The Federal Reserve …Ben Bernanke today as the chairman spoke before members of The Senate Banking Committee.
Curiously, what I personally find as being less than sad is Congress’ lack of regard and esteem for tens of millions of voters who …last November, went to the pools to voice their collective, unified singleness of purpose.
By this Ben Bernanke was merely reaffirming the validity of the American voters who sent this massage earlier this last November.
Why should either the President and or Congress need one more man’s word to make the spirit of America’s will any more exact and any more unmistakably clearer?
As such, these two word’s stark reason and reality stand as a slap in my face …all in light of the light-weight approach to this administration’s budget proposal and the Republican-sponsored meager spending cut’s initial proposals.
Such as November’s voice was, such a will can not be allowed to be summarily swept under the rug …dismissed and otherwise marginalizing the will of the American people.
And while bad habits are easily learned and obtained; they are not so easily worked free from …in reversing their affects’ impacts.
These take prayer and fasting.
Take a rather strange lesson from an otherwise foreign focus and vision …one generated in mixing an atmosphere of strong necessity with one of equally strong discipline and regimented resolve.
That’s why the Germans have been rather more successful in adopting …with their engrained mind-set of discipline …a more prudent and reasonable rationale in their approach to borrowing limits …capping their annual budget deficits and public debt to correspond to certain guidelines which pertain to strict percentage-based guidelines of their economy’s actual performance …foregoing the urge to bet on the come …as it were …as hope seems to have become warped here in America.
This more responsible sort of balanced approach to fiscal due diligence and disciplined oversight of the budget processes returns a service to the people of Germany which kind of reminds me of the purpose which the President’s Pay Czar was intended to serve …
…Namely that of accountability …in light of an emphasis which was supposed to be centered about openness and clarity.
Well, in the wake of the latest Case Schiller Report on housing …it seems that this one’s lack-luster report served economists (…one after another) with plenty of opportunity to pen a plethora of reports which have …in true cookie cutter fashion formed a chorus whose concern …in unison, harmonized to produce a variety of singals which are warning of the possiblilities of a double dip in a housing market.
These economist’s reports are speaking of the possibilities for record level mortgage defaults in the coming year in a double dip market.
Thursday, December 09, 2010 The True Essence of O. . …Half-Hearted Reluctance or …Just Plain Party Script? Preface: As a trained, detail-oriented technician, I have been made to […]