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Cooling economy complicates Fed plans

By Ironman (97/100 = 97% civil)   2013 Sep 16, 12:47am   ↑ like   ↓ dislike   465 views   4 comments   watch (0)   share   quote  

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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1   Analyzer   2013 Sep 16, 1:41am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

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

2   freak80   2013 Sep 16, 4:01am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

3   Entitlemented (8/8 = 100% civil)   2013 Sep 16, 12:49pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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?

4   freak80   2013 Sep 16, 10:30pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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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