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Fed's Massive Stimulus Had Little Impact: Greenspan

Discussion in 'News & Current Events' started by mandym, Jun 30, 2011.

  1. mandym

    mandym New Member

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    "There is no evidence that huge inflow of money into the system basically worked," Greenspan said in a live interview.

    "It obviously had some effect on the exchange rate and the exchange rate was a critical issue in export expansion," he said. "Aside from that, I am ill-aware of anything that really worked. Not only QE2 but QE1."



    http://www.cnbc.com/id/43598606
     
  2. exscentric

    exscentric Well-Known Member
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    And some are saying another is coming soon. Of course IT will work.
     
  3. InTheLight

    InTheLight Well-Known Member
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    There is a county road a few miles from my house that is being repaved--for the third time in 10 years. I call it 'make work.'

    Signs are prominently posted proclaiming:

    Funding provided by the American Recovery and Reinvestment Act of 2009.
     
  4. billwald

    billwald New Member

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    Studded tires legal in your state? Around here 3 years is enough to destroy a freeway where traffic is heavy. Cars with rubber tires couldn't wear out a freeway in 10,000 years.
     
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