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Topic: US economy has ´paused´,
says Federal Reserve |
US economy has ´paused´,
says Federal Reserve
Telegraph [UK], by staff
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Original Article
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Posted By:Attercliffe, 1/31/2013 7:03:29 AM
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| The Federal Reserve left its ultra-loose monetary policy unchanged on Wednesday, saying the US economy had "paused" in recent months largely due to transitory issues. The Fed kept its record-low key interest rate between 0pc and 0.25pc, as expected, to push down long-term interest rates to boost the economy, AFP reported. "Growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors," the Federal Open Market Committee, wrapping up a two-day meeting, said in a statement. The FOMC noted that job growth was rising at a "moderate" pace but the unemployment
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Comments:
My inner voice has donned the John Cleese character Mr. Praline complaining about his dead parrot. "The economy´s paused??? It´s PAUSED? This economy hasn´t bloody paused, mate. It´s hopped the twig! It´s shuffled off this mortal coil! It´s run down the curtain and joined the choir invisible!"
It´s all right, I´ll be fine just as soon as I nail the economy back on its perch.
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Reply 1 - Posted by:
Not your typical New Yorker, 1/31/2013 7:13:03 AM (No. 9149889)
The sanity of this country has paused as well.
We need a good hard crash to get everyone´s mind right.
The sooner, the better.
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Reply 2 - Posted by:
Ida Lou Pino, 1/31/2013 7:20:52 AM (No. 9149904)
Yeah - - it´s just a wee bit out of breath.
Wouldn´t you be too after roaring along for such a long time?
Give the little fella a break. Don´t be such bullies.
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Reply 3 - Posted by:
hybernicus, 1/31/2013 7:33:34 AM (No. 9149929)
D-O-U-B-L-E D-I-P
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Reply 4 - Posted by:
Spidey, 1/31/2013 7:40:36 AM (No. 9149939)
Why isn´t a 14000 stock market trickling wealth out to anybody else? because it´s designed to enrich the ruling class oligarchy. The real money makers are in overseas emerging markets since this country is now anti capitalism. Amazon gets praise for losing money when the fact is Christmas sales were terrible this year.
In the meantime,Amazon gets millions worth of free advertising saying they´re under charging customers.
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Reply 5 - Posted by:
Vivi, 1/31/2013 7:42:23 AM (No. 9149946)
It´s pining for the fjords.
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Reply 6 - Posted by:
BirdsNest, 1/31/2013 7:49:23 AM (No. 9149961)
OP, the dead parrot routine, what a blast from the past!!! This economy is deader than a doornail, break out the jumper cables.
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Reply 7 - Posted by:
Bad Dog, 1/31/2013 7:49:29 AM (No. 9149962)
And so, our language changes, to suit their preferred definitions, which cover up what they´re doing.
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Reply 8 - Posted by:
richardvan, 1/31/2013 7:52:37 AM (No. 9149971)
The economy has "farted" in our face.
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Reply 9 - Posted by:
steveracer, 1/31/2013 7:53:51 AM (No. 9149977)
Paused? Is that like going backwards? I see so many empty store fronts in my travels, it is not normal, it is sad. Our leaders are deceivers.
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Reply 10 - Posted by:
stablemoney, 1/31/2013 8:04:52 AM (No. 9150009)
The American economy has not paused. It is moving downward at an accelerating 5% per year fall in living standards. The stock market is nearing 14000 because the US dollar held today will be worth 90 cents in a year. Dollar stores are now value stores, 1.25 stores, and soon 1.50 stores.
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Reply 11 - Posted by:
RCFlyer98, 1/31/2013 8:05:00 AM (No. 9150010)
The stopped clock is right once in a while, usually twice a day. With these "Sherlocks", one never knows however.
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Reply 12 - Posted by:
jimmyfoxhound, 1/31/2013 8:06:57 AM (No. 9150016)
too bad a republican will never win the white house again because at least then the press would actually be reporting on this dreadful economy. The economy ´paused´ because of the weather?? my gosh
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Reply 13 - Posted by:
Safari Man, 1/31/2013 8:52:30 AM (No. 9150120)
Yeah, the economy has stalled again, but apparently the biggest problem we face right now is that 20 million illegals who have been here for 20 years need to be given amnesty immediately. I guess giving 20 million people all the free government benefits is just what we need?!?
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Reply 14 - Posted by:
Bur Oak, 1/31/2013 9:04:51 AM (No. 9150152)
Since there is no "Reserve" in Federal Reserve I propose that it be renamed Federal Dissolution.
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Reply 15 - Posted by:
lil dotty, 1/31/2013 10:39:36 AM (No. 9150379)
Anyone heard of shock treatment? Time for the defibrillator
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Reply 16 - Posted by:
msjena, 1/31/2013 11:25:36 AM (No. 9150513)
Paused? More like on the brink. Two quarters of retraction equals recession, right?
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