tag:blogger.com,1999:blog-7895164153505105997.post4021590629650539571..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: The Great Quantitative Easing ScamBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-70768187142665526282013-12-18T12:58:15.978-08:002013-12-18T12:58:15.978-08:00UPDATE: Dec. 18, 2013 - - - 12:45 PM Pacific Stand...UPDATE: Dec. 18, 2013 - - - 12:45 PM Pacific Standard Time - Las Vegas<br /><br />In the last few minutes (while Ben Bernanke was talking at a news conference on CNBC) the stock market took off and went viral --- on the way to another record high --- but how can that be with his announcement of tapering of QE? (from $85 billion to $75 billion a month)<br /><br />Bernanke also acknowledged that there is still a problem with the long-term unemployed and a falling labor participation rate --- and he also said it that it was demographic and structural --- and because of "discouraged workers" (not because of a temporary business trend).<br /><br />So this unemployment thing might be a permanent situation. I guess the more people out of work (and the longer) the better the stock market.<br /><br />Fed Expects Further Decline in Labor Force<br /><br />http://bud-meyers.blogspot.com/2013/12/fed-expects-further-decline-in-labor.html <br /><br />Discouraged Workers, not Disabled, Shrinking the Labor Force <br /><br />http://bud-meyers.blogspot.com/2013/12/discouraged-workers-not-disabled.html <br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com