New stimulus moves fail to excite markets
Announcements in Europe and China get a ho-hum response, partly because the news was widely anticipated.
"On the other hand what else can they do?"
ummm, let the free market system take over for the most part, which will punish the bad actors, punish those who did not save, punish those in too much debt, punish those who loaned money to those in too much debt, collapse the weak and leave the strong standing, and get started on healing the economy instead of propping it up with ineffective artificial crutches and hopium.
it would be painful - but the longest journey begins with a single step and we are still standing on square one.
The $ amounts they are talking about are trivial compared to what our own "Great Socialist Leader" wasted on trying to stimulate an economy. They are just throwing away money and increasing their debt. No wonder the markets were not impressed.
The only reason that stocks are where they are right now is that people have been forced to put their money there because of what in reality is ZERO returns in the bond markets. By not letting the markets determine what interest rates should be and what money is worth the FED and ECB are just setting everyone up for another great fall.
this one may be the biggest of em all.
Let the market decide things not the government. If we had done this from the start we would be well on the road to recovery by now.
it would be painful - but the longest journey begins with a single step and we are still standing on square one."
That happened before during the great depression. Currency expansion is being used to prevent it's reoccurrence. Whether or not it will work as it was intended, is to be played out. Since some have said that WW2 was what brought the country out of it's funk, we are in new territory.
Stimulus moves won't stimulate until there's the right balance between supply and demand to prompt businesses to actually invest.
As long as demand is low, all these stimulus packages will do absolutely zilch beyond a sort of psychological placedo effect.
However, give it a few years, once the growth in demand catches up to the current procuction capacity, we'll have a QE-induced manufacturing bubble that will make the housing bubble look like a pinball.
There will be a strong recovery in a few years, followed by a much, much worse recession afterwards.
......in the US, how about lowering tax rates for SMALL businesses and offer a hiring incentive?
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