Dean Baker: We Desperately Need QE3 And Inflation: "Dollar Is STILL 20% Overvalued""

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Comments

[john]

Petraeus: Can He Tell It Straight?
by Ray McGovern

http://www.commondreams.org/view/2011/04/28-13

This article by Ray mentions Max Boot so I will put up a link to something he wrote.

Covert Action Makes a Comeback
Once in disrepute, secret warfare is now embraced even by the Obama administration to fight terrorism and weapons proliferation..

http://online.wsj.com/article/SB10001424052748703909904576051991245498326.html

Remember this at a Hillary speech..
http://www.rawstory.com/rawreplay/2011/02/former-cia-officers-arrest-at-clinton-talk-like-kafka/

[S. Gompers]

Dollar still overvalued by 20%? It should be about right when it gets to 0, prepare for things to continue going up as the dollar continues falling.

[LiberatedCitizen]

GDP: Stinker

Well here we are.....

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.8 percent in the first quarter of 2011 (that is, from the fourth quarter to the first quarter) according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 3.1 percent.

So much for the "QE will save the economy" meme.

When something doesn't work, and you keep doing it, what are you? (Hint: Go ask Einstein)

Continue http://market-ticker.org/akcs-www?post=185133

Federal Reserve For Dummies

http://www.youtube.com/watch?v=T64Loi2FJT8&feature=player_embedded

The Fed Will Make Sure Obama Wins in 2012: Strategist

http://www.cnbc.com/id/42794512

[Free Private Bradley]

Dear Mr. President we honor you today sir
Each of us brought you $5,000
It takes a lot of Benjamins to run a campaign
I paid my dues, where's our change?
We'll vote for you in 2012, yes that's true
Look at the Republicans - what else can we do
Even though we don't know if we'll retain our liberties
In what you seem content to call a free society
Yes it's true that Terry Jones is legally free
To burn a people's holy book in shameful effigy
But at another location in this country
Alone in a 6x12 cell sits Bradley
23 hours a day is night
The 5th and 8th Amendments say this kind of thing ain't right
We paid our dues, where's our change?

[Hope and Change]

Gloria Allred's response when asked if she will vote for Obama in 2012...

http://www.youtube.com/watch?v=oZIvqhAfdk4

[john]

From the 'you can't make this shit up department'......

Economy isn't as bad as new data make it look, analysts say

http://www.mcclatchydc.com/2011/04/28/113127/us-economy-slows-sharply-from.html

okkkkkaaayyyyy....

Russian math genius answers $1 million question

http://en.rian.ru/russia/20110429/163769206.html

"I learned how to calculate voids, along with my colleagues we know the mechanisms for filling in the social and economic voids," he said.

[john]

U.S. plans to exempt forex swaps from new rules

http://www.reuters.com/article/2011/04/29/us-financial-regulation-swaps-idUSTRE73Q4AD20110429

[snip]

(Reuters) - In a big win for business, the Treasury proposed on Friday to exempt commonly used foreign exchange swaps and forwards from the most onerous new rules for the derivatives market.


Analysis: Is the dollar decline more dangerous than it seems?

http://www.reuters.com/article/2011/04/29/us-markets-forex-dollar-idUSTRE73S6RM20110429

[snip]

The dollar has shed some 8 percent against major currencies this year, and if the decline quickens, it could provoke protectionism from America's trade partners, worsen inflation at home and spark a general loss of confidence in U.S. assets.

That would all make it much more difficult to finance the country's huge deficits, and could threaten to send the U.S. economy into another recession.

[john]

QE2' s end unlikely to ease China's inflation: economists

http://news.xinhuanet.com/english2010/china/2011-04/29/c_13852383.htm

[snip]

Economists warned that continuing the current monetary policy in the U.S. would keep its currency weak, which would in turn push up non-U.S. currencies and international commodity prices.

Earlier this month, Standard & Poor's, a key rating agency, dropped the long-term U.S. credit outlook from "stable" to "negative," while warning of spiking risks and public debt.

The Fed's quantitative easing policy has given rise to global inflationary risks and asset bubbles in emerging markets, which would ultimately post mid-term risks on the global economy, said Liu.

[Patriot Games]

DB...You have got to tell me the results of the test...

Good curve, bad curve? What else does it tell you? Any big plans? You must be itching to create change.

[William]

The U.S. Dollar is 100% overvalued