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Fed predicts weak recovery for several years

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posted on Nov, 23 2010 @ 05:39 PM
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surprise surprise.



NEW YORK (CNNMoney.com) -- The Federal Reserve slashed its outlook for the U.S. economy for this year and 2011 and projected that it could take several years for the economy to return to health. According to minutes from the Fed's November 3 meeting released Tuesday, more than half of the central bank's policymakers thought it would take about five or six years for unemployment, growth and inflation to return to more normal levels. Other Fed members warned the full recovery could take even longer than that.

cnn money

So will we soon see QE3?




posted on Nov, 23 2010 @ 05:57 PM
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Originally posted by thewholepicture
surprise surprise.



NEW YORK (CNNMoney.com) -- The Federal Reserve slashed its outlook for the U.S. economy for this year and 2011 and projected that it could take several years for the economy to return to health. According to minutes from the Fed's November 3 meeting released Tuesday, more than half of the central bank's policymakers thought it would take about five or six years for unemployment, growth and inflation to return to more normal levels. Other Fed members warned the full recovery could take even longer than that.

cnn money

So will we soon see QE3?



WOW! this is incredible, since it was just reported earlier today that corporate america just posted its best quarter in 60 years. 1.66 TRILLION DOLLARS.

Well, as long as corporate america is going to be ok, thats all that matters.



posted on Nov, 23 2010 @ 06:05 PM
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reply to post by ParkerCramer
 


Star for you,

I personally think it won't be long before thing's start to get really out of hand.

Personally, I think unless we rid of the fed, which will never happen since they are in our government official's pockets, it's far to late to fix our economy.
edit on 23-11-2010 by thewholepicture because: (no reason given)



posted on Nov, 23 2010 @ 06:33 PM
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Yep gotta keep the value of the dollar low,gives time for more countrys to collapse for the hyper fed the IMF to take over. Everything is going as planned, go back to sleep now,isnt dancing with the stars on?

Edit to add,probably wont see any qe3, dont need it now, the trap has been sprung,just need it to unwind now. You do know the IMF sells gold to raise cash reserves dont you? What a brilliant plan eh,devalue the dollar run up the price of gold to astronomical values,sell gold recoup mucho cash, bail out failing countrys,restore the value of the dollar,plummet the value of gold and buy it all back! Rinse and repeat,brilliant,these folks are good people, real good.
edit on 11/23/10 by nickoli because: (no reason given)



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