Fed: This Recession Ain't So Bad
The Federal Reserve Bank of Minneapolis has measured this recession against past ones and found it wanting. It will take more than twice as many layoffs before it counts as “harsh.” Take that, doom-mongers! — Valleywag
Because the What imagines all the ‘greedy gentrifiers’ he hates pissing their pants when faced with evidence of a collapsing economy.
CWB, it’s a very severe case of sociopathic behavior with OCD tendencies when it comes to the what. (i have a degree in psychology so you can trust my diagnosis! haha) i just scroll passed his posts these days.
*rob*
Citigroup finally falls into chunks and Bank of America gets a big bailout, but hey, everything is just dandy, right?
Foxtrot anybody?
They might want to wait until the recession is over before calculating how many jobs are lost.
The only two things What seems capable of posting are a) someone else’s writing or b) a short, half-coherent insult typically pointed at one of the brownstone owners on this site.
What I don’t get is: why this is a fun activity for him.
The Federal Reserve of Bank of Minneapolis? B’stoner is fishing with “What bait” here and yup, he reeled him in. Nice work.
Positive news on Brownstoner? What a shock!
Everybody keep dancing.
I see Brownstoner that Shark Humping is not so easy anymore. Remember that Mutant Asset Bubble thang? Well here is your Homeboy Ben Bernanke himself, lets take a look shall we..
Bernanke Urges ‘Strong Measures’ to Stabilize Banks (Update7)
http://www.bloomberg.com/apps/news?pid=20602007&sid=aic5mGSBvQ4E&refer=govt_bonds
Before you Retards go off remember these words are coming from good ole Ben himself…
Jan. 13 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth.
“Fiscal actions are unlikely to promote a lasting recovery unless they are accompanied by strong measures to further stabilize and strengthen the financial system,†Bernanke said in a speech today at the London School of Economics. “More capital injections and guarantees may become necessary to ensure stability and the normalization of credit markets.â€
You Retards need to parse this statement “Fiscal actions are unlikely to promote a lasting recovery unless they are accompanied by strong measures to further stabilize and strengthen the financial system”.
What does that mean exactly? Do we continue to bailout dead banks or Do we say “enough is enough”?
“Financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking,†he said. “It is unacceptable that large firms that the government is now compelled to support to preserve financial stability were among the greatest risk-takers during the boom period.â€
Too late! Our Banking system is FUBAR! And BTW The Fed balance sheet is now 3 Trillion dollars and when the Bond market starts to implode I wonder how much is a Brownstoner worth with 14% interest rates?
Say Buh Bye…
The What
Someday this war is gonna end…