TSXV:SLX.P - Post by User
Post by
sunwoodon May 25, 2011 9:18am
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Post# 18621948
Economic Recovery ?
Economic Recovery ?
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Daily Pfennig: German IFO Remains Strong...
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In This Issue…
* Most currencies see some healing…
* Commodities get a vote of confidence…
* SNB dust off the old thought of intervention…
* Welcome, Braden Charles Butler…
And, Now, Today’s Pfennig For Your Thoughts!
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Then there was this… St. Louis Fed Head, Bullard, was speaking last night, and here are some of his thoughts… Bullard said that, “a pause after the end of QE2 in June would allow “more time to assess the strength of the economy.” He noted first half U.S. growth had been weaker than expected but that the recent softness was likely to dissipate, predicting “reasonably robust” growth in the second half of the year.”
Chuck again... “reasonably robust”? from what? Just what is going to drive the economy to robust growth? I’m afraid that this Fed Head, has fallen into the trap... Yes, the trap where they want something to happen so bad (strong economy) because of what they prescribed for it (2 rounds of QE)... QE was a bust folks... I saw something yesterday that was quite interesting... at $600 Billion, the number of jobs created was equal to $850,000 spent for each job... That’s quite a “cost of acquisition” , eh? Unemployment is still a real problem, and housing is worse now than when they began QE... but that won’t stop them from another round of it... Coming to a theatre near you, later this year...
Chuck Butler
President
EverBank World Markets
1-800-926-4922
1-314-647-3837
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