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Reply #50: Nonsense. CPI is nowhere near 5% with or without food/energy. [View All]

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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-16-11 09:41 PM
Response to Reply #49
50. Nonsense. CPI is nowhere near 5% with or without food/energy.
Since QE began in 2008 food/energy prices have fallen.

Crude was $147/bbl in 2008 and is now $86. You cannot back that outrageous claim up.
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  -Matt Taibbi has jumped the shark with his support of Rick Perry/Teabaggers banned from Kos  Aug-16-11 07:12 PM   #0 
  - A case of hysteria. Nt  xchrom   Aug-16-11 07:17 PM   #1 
  - I like Taibbi, but like everyone, he looks at issues through his  gateley   Aug-16-11 07:19 PM   #2 
  - Is this the problem?  CelticThunder   Aug-16-11 07:20 PM   #3 
  - QE is not "surrendering to Wall Street"! In fact QE lowers bond yields and  banned from Kos   Aug-16-11 07:25 PM   #6 
     - Sorry, but you're the one talking nonsense here.  girl gone mad   Aug-16-11 07:40 PM   #13 
     - Yes, we are in a massive deleveraging phase - thus we need more QE!  banned from Kos   Aug-16-11 07:51 PM   #20 
        - Right. It failed twice in the US, multiple times in Japan, so by all means..  girl gone mad   Aug-16-11 08:32 PM   #35 
           - New Deal 2.0 economist agrees with you:  amborin   Aug-16-11 09:16 PM   #46 
     - If QE lowered Wall Street's profit even a little bit, there would not  Fool Count   Aug-17-11 04:55 AM   #80 
  - I'm not for it either as a stimulus and tax substitute, but we have  mmonk   Aug-16-11 07:22 PM   #4 
  - Unrec for misleading OP. Matt is right and he's NOT supporting teabaggers.  EFerrari   Aug-16-11 07:24 PM   #5 
  - delete  joshcryer   Aug-16-11 08:06 PM   #27 
  - Agree...but the "Throw Another One Under the Bus" all over it.  KoKo   Aug-16-11 09:43 PM   #51 
     - I love ignore..  EFerrari   Aug-16-11 09:52 PM   #53 
  - By calling Perry a lunatic? That's Taibbi "supporting" him?  Zenlitened   Aug-16-11 07:25 PM   #7 
  - In the article, Taibbi refers to Perry as a "uniquely thuggish" "Texi-creep"  SteppingRazor   Aug-16-11 07:25 PM   #8 
  - Taibbi is right.  girl gone mad   Aug-16-11 07:28 PM   #9 
  - Taibbi is only right from a dollar hawk goldbug perspective  banned from Kos   Aug-16-11 07:33 PM   #10 
     - Duh. QE2 ended in April.  girl gone mad   Aug-16-11 07:50 PM   #19 
     - Really? Do you understand the difference between the stock of bonds held by the fed, and the flow  BzaDem   Aug-16-11 07:59 PM   #24 
        - Your puzzle is missing some pieces  girl gone mad   Aug-16-11 08:25 PM   #33 
           - Exactly how does QE increase bank liquidity?  banned from Kos   Aug-16-11 08:37 PM   #38 
           - It's right in Koo's piece..  girl gone mad   Aug-17-11 12:52 AM   #55 
           - I was responding to your "QE2 ended" quip. Now you changed the argument. The fact that QE2 ended  BzaDem   Aug-16-11 08:52 PM   #40 
              - You're still missing the point.  girl gone mad   Aug-17-11 12:55 AM   #56 
                 - I'm not the one missing the point. Whatever demand was created by QE did NOT stop just because the  BzaDem   Aug-17-11 01:08 AM   #58 
                    - Get your head out of the textbooks once in a while.  girl gone mad   Aug-17-11 01:24 AM   #63 
                    - They STILL have to look for returns elsewhere, because the cash from the Bernanke put is STILL in  BzaDem   Aug-17-11 01:39 AM   #64 
                       - Again, no net cash was added to the economy..  girl gone mad   Aug-17-11 01:57 AM   #68 
                          - Now you are making a different argument: that the FUTURE Fed sale of treasuries is lowering oil  BzaDem   Aug-17-11 02:02 AM   #69 
                             - My argument has been consistent.  girl gone mad   Aug-17-11 02:13 AM   #72 
                                - Then you are back to your math error. QE2 for all intents and purposes has not ended, since the Fed  BzaDem   Aug-17-11 02:19 AM   #73 
                                   - The stimulus involved the active purchase of Treasuries..  girl gone mad   Aug-17-11 02:32 AM   #77 
                                      - Monetary stimulus usually refers to amounts -- not rates at which the amounts are changing. But  BzaDem   Aug-17-11 02:35 AM   #78 
                                         - It's not at all clear to me what point you are trying to make here.  girl gone mad   Aug-17-11 04:06 AM   #79 
                                            - This is the critical point: why should we care about the flows?  BzaDem   Aug-17-11 05:00 AM   #81 
                                               - Again, the Bernanke Put is what fueled demand for higher risk assets.  girl gone mad   Aug-17-11 05:36 AM   #83 
                                               - Because they have to put it into something?  BzaDem   Aug-17-11 05:46 AM   #85 
                                               - The Fed is no longer purchaser of first resort..  girl gone mad   Aug-17-11 06:16 AM   #86 
                                               - Sure, I agree that the economy looks weak and therefore they will (independently of QE) take that  BzaDem   Aug-17-11 07:16 AM   #89 
                                               - The Fed is still holding the Treasuries they purchased, but..  girl gone mad   Aug-17-11 02:01 PM   #91 
                    - Just to also correct some of what you are saying here..  girl gone mad   Aug-17-11 01:45 AM   #66 
                       - You are absolutely correct here. But you are completely wrong with respect to the effects of QE  BzaDem   Aug-17-11 01:53 AM   #67 
                          - This is hyperbole.  girl gone mad   Aug-17-11 02:05 AM   #70 
                             - I think the problem is that you are claiming that the Fed started to "withdraw stimulus in April,"  BzaDem   Aug-17-11 02:13 AM   #71 
                                - What changed was the market's expectation..  girl gone mad   Aug-17-11 02:28 AM   #74 
                                   - You are still saying that investors WERE forced to seek returns elsewhere, as if that is past tense.  BzaDem   Aug-17-11 02:32 AM   #76 
     - pick and choose much? what about gold? and who does your food shopping?  Gabi Hayes   Aug-16-11 07:52 PM   #21 
        - Garbage! You say soy and wheat production are down 8-10%  banned from Kos   Aug-16-11 08:07 PM   #28 
           - Where does demand enter into your equation?  girl gone mad   Aug-16-11 08:36 PM   #37 
  - Unrec for false title  sabrina 1   Aug-16-11 07:37 PM   #11 
  - And once again, we have a convergence of the far left and far right. Taibbi's piece is nonsense.  BzaDem   Aug-16-11 07:38 PM   #12 
  - Or maybe Taibbi actually does know what he's talking about..  girl gone mad   Aug-16-11 08:02 PM   #25 
  - Not really.  BzaDem   Aug-16-11 09:05 PM   #43 
     - Where do you get the idea that Taibbi's reading MMT blogs?  girl gone mad   Aug-17-11 01:10 AM   #60 
  - Well, you've said a lot in your comment, but you have not shown  sabrina 1   Aug-16-11 08:09 PM   #30 
  - Taibbi, who has no experience in Economics, is attacking the messengers of Krugman and Diamond and  BzaDem   Aug-16-11 09:07 PM   #44 
     - Not being a bishop in the Church of Economics is one requirement toward actually telling the truth.  JackRiddler   Aug-18-11 03:58 PM   #101 
  - thank you. The fact Taibbi is quoting far-right ZeroHedge is troubling  banned from Kos   Aug-16-11 08:10 PM   #31 
     - Taibbi's a 'grifter'???  Mimosa   Aug-17-11 01:17 AM   #62 
  - I agree. As a matter of fact, I looked up the thief that stole a bunch of stuff  jtuck004   Aug-16-11 07:40 PM   #14 
  - Unrec for use of "jumped the shark".  Luminous Animal   Aug-16-11 07:45 PM   #15 
  - Unrec for misleading headline.  blkmusclmachine   Aug-16-11 07:47 PM   #16 
  - Let everyone be warned.  trumad   Aug-16-11 07:48 PM   #17 
  - thanks. not much of a surprise, considering the wildly misleading assertions  Gabi Hayes   Aug-16-11 07:56 PM   #22 
  - Yep. n/t  Marr   Aug-16-11 08:31 PM   #34 
  - Why Would The Banks Lend the Money Out?  Yavin4   Aug-16-11 07:49 PM   #18 
  - Democrats who support trickle down socialism which does nothing but  dameocrat67   Aug-16-11 07:56 PM   #23 
  - This thread totally sucks.  Shagbark Hickory   Aug-16-11 08:04 PM   #26 
  - Derp.  WilliamPitt   Aug-16-11 08:09 PM   #29 
  - The problem isn't the supply it is that the spigot was cut off at a high level  underpants   Aug-16-11 08:21 PM   #32 
  - False title as usual  Bluebear   Aug-16-11 08:34 PM   #36 
  - I don't read Taibbi for financial insights  Canuckistanian   Aug-16-11 08:42 PM   #39 
  - Not this loyalist. Love my Taibbi  Autumn   Aug-16-11 08:54 PM   #41 
  - Support is shown by calling Perry a creep and lunatic?  JVS   Aug-16-11 09:04 PM   #42 
  - Taibbi supports their POLICY of monetary tightening and lack of  banned from Kos   Aug-16-11 09:10 PM   #45 
  - Manchester Guardian: "quantitative easing good for the rich, bad for the poor"  amborin   Aug-16-11 09:20 PM   #47 
  - Paul Krugman "We need $8-10 trillion of QE"  banned from Kos   Aug-16-11 09:28 PM   #48 
  - Printing more money means higher inflation and a lower dollar value.  MadHound   Aug-16-11 09:35 PM   #49 
  - Nonsense. CPI is nowhere near 5% with or without food/energy.  banned from Kos   Aug-16-11 09:41 PM   #50 
     - Food/energy prices have fallen?  MadHound   Aug-16-11 09:48 PM   #52 
        - You know, solar flares have been increasing lately. But I am not going to blame that on the Fed.  BzaDem   Aug-17-11 12:10 AM   #54 
           - If I measure inflation in a way that accounts for any number of variables,  MadHound   Aug-17-11 06:22 AM   #87 
  - "handing it to the corrupt financial sector" is whats wrong  grahamhgreen   Aug-17-11 01:05 AM   #57 
  - That's what I read, too.  SusanaMontana41   Aug-17-11 01:12 AM   #61 
  - I don't think he's against stimulus. He's against corporate welfare.  SusanaMontana41   Aug-17-11 01:08 AM   #59 
  - Exactly. The misleading title of this thread is a disgrace. More trillions to bankers...  JackRiddler   Aug-17-11 02:32 AM   #75 
     - That is a total lie. QE was a purchase of GSE debt and Treasuries  banned from Kos   Aug-17-11 02:09 PM   #92 
        - Whoo-boy!  Iggo   Aug-17-11 02:13 PM   #94 
        - You fail to acknowledge..  girl gone mad   Aug-17-11 08:32 PM   #96 
           - Also, a minimum of $30 billion in commissions to the primary dealers.  JackRiddler   Aug-18-11 03:52 PM   #99 
              - $30 billion? Five percent of QE2? source that please.  banned from Kos   Aug-18-11 03:57 PM   #100 
              - Not to mention that the Fed now pays interest on those excess cash reserves..  girl gone mad   Aug-18-11 05:56 PM   #103 
                 - It's hilarious, isn't it?  JackRiddler   Aug-18-11 06:32 PM   #104 
                 - .25%? Not a big deal - although it should be none at all.  banned from Kos   Aug-18-11 06:43 PM   #105 
  - I think he jumped the shark with 911, but reading the article I don't see support for Perry  jakeXT   Aug-17-11 01:41 AM   #65 
  - you're spinning. why?  indurancevile   Aug-17-11 05:19 AM   #82 
  - I kind of disagree with Taibbi  sfpcjock   Aug-17-11 05:44 AM   #84 
  - I don't understand what's wrong with that statement about printing 2 trillion dollars.  Vinca   Aug-17-11 06:29 AM   #88 
  - If you don't even know the difference between a fiscal stimulus and a monetary infusion to the banks  JackRiddler   Aug-17-11 01:49 PM   #90 
  - You're trying too hard.  Iggo   Aug-17-11 02:09 PM   #93 
  - !  Bluebear   Aug-18-11 02:32 PM   #98 
  - Dana Houle... Is That You ???  WillyT   Aug-17-11 08:18 PM   #95 
  - Reject for slander, falsehood etc  Bluenorthwest   Aug-17-11 08:51 PM   #97 
  - This thread title is disingenuous, to say the least.  marmar   Aug-18-11 03:59 PM   #102 

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