Policymakers know more than they let on. They are terrified of unwinding stimulus policies:
They know that deviating from ZIRP will pull the plug on this non-recovery:
This week's disappointing economic news is going to get worse and these experts know it. They know job losses will head skyward in 2010:
Are you prepared for economic annihilation in 2010? I certainly am, thanks to my gold holdings and cash reserves.
Treasury Secretary Timothy Geithner said signs of economic recovery are “stronger” and have appeared “sooner” than expected, while reiterating it’s not yet time to roll back stimulus programs.
They know that deviating from ZIRP will pull the plug on this non-recovery:
“Deflation is definitely a threat right now,” Nobel laureate Joseph Stiglitz, 66, a professor at Columbia University in New York, said in a Sept. 22 interview. “The combination of the deflation threat and the sluggish recovery should keep the Fed on hold for quite a while.”
This week's disappointing economic news is going to get worse and these experts know it. They know job losses will head skyward in 2010:
U.S. job losses unexpectedly accelerated last month and the unemployment rate reached the highest level since 1983, signaling any recovery in consumer spending and economic growth will be slow to develop.
Are you prepared for economic annihilation in 2010? I certainly am, thanks to my gold holdings and cash reserves.
