patrick.net

The data this week for employment and GDP were not consistent with the recovery mantra
Taper QE and that GDP number goes negative
Hiring would stop as it probably already is in preparation for the affordable health care act in 2014

Again the song remains the same: talk taper print paper

and people thought CTR ALT DEL

Clearly a vote of confidence that the recovery is in full swing 5 years later.

Analyzer says

Clearly a vote of confidence that the recovery is in full swing 5 years later.

So QE isn't working so we have to more of it. This is really no more than a continuation of bailonomics.

There is no public good, no job growth no wage growth just transfer of wealth from savers to debtors

smaulgld says

So QE isn't working so we have to more of it.

It seems to be working for the wealthy and their Wall Street buddies.

Call it Crazy says

smaulgld says

and people thought CTR ALT DEL

That's actually what we need....

but won't get

The ass rapings will continue until morale improves.!

This tells you Ben fears the bond market backlash. Now watch and see how they'll talk about cutting back and those rates will rise again....rates went down for now. Fed will continue the taper talk and it'll go back up..........because no one believes him any more and consumer confidence will dwindle and smart money will stay away !!!

Bubbabear says

because no one believes him any more

That is the biggest risk and if confidence is lost they can print 2X and rates will still go higher

smaulgld says

Fed's no exit dilemma

Looks like someone else shares your viewpoint:

http://www.minyanville.com/business-news/politics-and-regulation/articles/The-Fed-Is-Trapped-and-the/9/19/2013/id/51846?camp=syndication&medium=portals&from=yahoo

7th article down on Yahoo, noon, September 19, 2013

Thanks David

Not that having a long standing view makes it any more correct, but I've been saying the same since smaulgld was launched earlier this year!

The King is Surrounded- Bernanke's No Exit Dilemma http://smaulgld.com/the-king-is-surrounded-bernankes-no-exit-
dilemma/

and a whole slew of posts tagged no fed exit!:

http://smaulgld.com/tag/no-fed-exit/

and the taper bluff continues with Yellen today.
http://finance.yahoo.com/news/key-points-janet-yellen-senate-185824825.html
I can go back even further to Jan 2013 saying the fed was bluffing