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Not Sucking So Bad
Here are 4 points or comments from the Fed after their meeting on Wednesday-
•·         They are slightly more optimistic about the economy as job losses continue to slow.
•·         Inflation remains subdued.
•·         Their MBS purchase program will END on March 31st.
•·         The Fed Funds Rate will remain low for an extended period of time.
My Comments-
•·         Notice, not a word about jobs being created or saved. That's because it is NOT happening yet.
•·         I believe inflation will be nearly non-existent for quite awhile. Normally, inflation or fears of inflation start in one of two areas: labor or oil. With an unemployment rate at 10% that is sure to rise this year, short work weeks, small if any raises, and millions of Americans having left the workforce due to the lack of jobs, inflation will not start in the labor sector for probably at least 3 to 5 years.
•·         Normally all the printing of money by the Fed and Treasury would cause inflation or at least fears of inflation; but they are not. Why? At a macro-level our economy still sucks; it just does not suck as bad as it did a year ago. On a ... more

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