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Cooling economy complicates Fed plans


By Call it Crazy   Follow   Mon, 16 Sep 2013, 12:47am PDT   248 views   4 comments
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Uneven third-quarter start defies expectations of faster U.S. growth

WASHINGTON (MarketWatch) — Topsy-turvy, herky-jerky or whatever you call it, the grudging U.S. recovery just can’t seem to break out of a pattern of fits and starts.

Many economists thought the U.S. was primed to accelerate in the third quarter because of faster job growth, an uptick in wages, strong home sales and even an improved manufacturing sector.

Instead, hiring tapered off, consumers pared spending and Americans have lost some confidence. The likely result is slower growth in the third quarter compared to the late spring and early summer.

“The languid August results underscore the big picture point that I have been hammering away at for a while: the vaunted second-half acceleration in the economy ain’t happening,” wrote Stephen Stanley of Pierpont Securities, one of the few economists who’s staked out a conservative outlook.

http://www.marketwatch.com/story/cooling-economy-complicates-fed-plans-2013-09-15?dist=lcountdown

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Analyzer   Mon, 16 Sep 2013, 1:41am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 1

Pull the plug on QE and let's find out where the economy really stands.

freak80   Mon, 16 Sep 2013, 4:01am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

Analyzer says

Pull the plug on QE and let's find out where the economy really stands.

Since nowadays "the economy" = "the stock market" + "the housing market", the "economy" would probably tank if the QE stopped. Our economy is "asset based," or so they say. It's not based on the creation of actual goods and services. It's about numbers getting bigger over time.

Entitlemented   Mon, 16 Sep 2013, 12:49pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

Freaky said:

"the economy" = "the stock market" + "the housing market", the "economy" would probably tank if the QE stopped. Our economy is "asset based," or so they say. It's not based on the creation of actual goods and services"

Then a bunch of humanity majors buying stuff made in China is a Ponzi Scheme?

freak80   Mon, 16 Sep 2013, 10:30pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

Entitlemented says

Then a bunch of humanity majors buying stuff made in China is a Ponzi Scheme?

I don't understand what you mean.

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