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24 Of 68 Un-"Qualified" Economists Expect A Taper
Of the 68 "economists" (which incidentally none of which are "qualified") that Bloomberg surveyed, 24 believe a taper is coming with the majority expecting a $10 billion cut in the asset-purchase program.
(h/t Not_Jim_Cramer)
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idiots
No taper.
More jawboning about taper in March.
They're idiots alright. It's going to be a $20 billion cut.
I agree, $20 billion symmetrical taper today -- by $10 billion cut of each.
Pop then smash in less than a minute....strap in
gold at up to 1243,,someone else knows
Could you just wait for a few freaking minutes? We'll know soon enough.
The real insiders were given the word yesterday, of course.
Graduate Assistants.
Someone should have skewed the report with a $300B forecast.
What's a "qualified" economist anyway?
Oh, oh, I get it. Paul Krugman- qualified. Everyone else- not.
What makes them qualified, a crystal ball, tarot cards or a ouji board?
A qualified economist is no better at predictions than a blue collar worker trying to raise a family and the blue collar worker is probably more tuned to what really is going on.
remember...it doesnt matter how the US finances its deficit...short Fed paper or long term debt...what matters is the fiscal deficit and note that the debt position wont improve until the Government runs a SURPLUS.
it matters naught how the Fed acts to finance GDP growth..it boots nothing for the Fed to displace the Government in federal borrowing.
it is just a few short years before the interest bill alone will be one trillion a year.
remember also that GDP is only partially funded by profligate government spending and until there is a SURPLUS, the government sector will continue to cannibalize the private sector of diminishing resources (value borrowed from tomorrow).
$10 billion just to test the waters. I honestly think the Fed is starting to get an inkling of fear about the tiger whose ears it's holding.
BOOM! Nailed it!
So noted. You'll find a little something extra in your ZH paycheck this week.
This announcement can't happen soon enough. I can only take about 5 minutes of the BLOWHORN(cnbs) before I start ripping my hair out!
No taper, quick short TVIX!
it's on like DK
Suddenly, wild gyration in the market! What's word, what's word!?
And once again we see how retarded the economists are...
All Hail the Unqualified 24!
Sorry, I was on the crapper when they called for my opinion.
I just didn't want to make a prediction. My crapper visit is upcoming.