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You must watch Fox. I know this because anybody who doesn't watch Fox doesn't know any of that. Which unfortunately is why this issue will have little meaning on Tuesday. Millions will cast their vote because of birth control and the fact that the President brews beer in the White House. Also Romney is rich so you can't vote for him.
Romney wants woman to die too. Don't forget that.
And he is going to feed poor children to CEOs and Bush's oil buddies.
I wonder if Obama will bow to Romney when he concedes.
This thread got incredibly off topic.
Then you just steered it back on with this comment, +1.
Right now, America is dealing with constrained liquidity. We have companies sitting on massive liquid reserves and many potential investments just waiting for an entity to jump on. American workers are clearly willing to work, many just aren't being given the opportunity to do so. By lowering interest rates, borrowing for investments becomes that much less risky, thus encouraging entities who previously held back to invest in the American market, thus encouraging job growth.
Case in point: Lowe's. Lowe's recently shuttered about 27 stores in the United States. Improve confidence in the U.S. market through lower interest rates and, ideally, Lowe's re-opens its coffers and is willing to invest in the American market again. More Lowe's stores open, more jobs are created. Encouraging this initial investment then goes a long way to increasing consumer willingness to spend. In the current economy, consumer spending is down considerably - people are wary of losing their jobs, and are unwilling to make many of the purchases they would have in a more stable economy.
If consumers see jobs coming back and employers investing in the American labor market, they'll be more confident in their ability to make retail purchases. This in turn, provides not only the ROI for the companies that have invested back in the American labor market, but spurs more investment - more jobs created leads to more disposable income leads to more retail spending leads to more profits, which in turn leads to more job creation, as companies see the return on their initial job-growth investments. The key is kick-starting that cycle and opening up the liquid reserves of large corporations.
In addition, many companies in America are currently just stockpiling massive reserves of cash. Verizon, Apple, Bristol-Myers-Squibb, etc. (hell, I believe Apple is sitting on around $117 billion cash right now). Many of these companies are also cutting jobs, indicating a refusal to invest in the American economy and the American worker at a time of such instability. If other companies are seen investing in the American market, it should encourage these companies to open up the cash reserves and get in on the profits.
Of course, this is all in an ideal world, but since neither of us can predict the future, this is just how I'm hoping to see QE3 play out.
Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as w..
That would definitely be the absolute, best case scenario. I don't want to respond to all of that, but the correlation between low interest rates and job growth is, IMO, going to be very minimal.
CMXI that is one of your better posts IMO. While I agree with much of what you say about lower interest rates helping corporations, I think you miss the goal of QE. We are so far in debt that we are going to be unable to fulfil our obligations. By dilluting the currency, we in effect are lowering what we owe others. While I agree during the period of the last few years lower interest rates have helped corporations and consumers, I think that there is a limited period of time when this will be effective. Eventually the negative consequences of low interest rates(Massive inflation) will outweigh the positives. Essentially the Federal Reserve has been pumping up the economy since Congress is unwilling to. I don't agree with that policy, it's backdoor stimulus being authorized by one man and the board that sits under him.
Thank you. I also agree that there is a limited time where this will be truly effective, and I've always viewed quantitative easing as something that should only be used to kick-start the cycle I mentioned in my previous post. QE1 and QE2 were both temporary things, and the problem I have with QE3 is it's currently-undefined end date. I understand that QE3 is going to be in place essentially "until it works," but I would like to hear some sort of promise that the program won't continue on until negative consequences rear their ugly heads.
Bernanke has promised his zero rate for like 1 1/2 to 2 years. How you can make that guarantee not knowing what is going to happen in the next 12 months is crazy. I think QE3 is nutso. How much lower do interest rates need to be?. I'm buying a new house and going to borrow money for 30 years at a 3.5% rate. That is insane. Nobody in their right mind would loan their money for that, then I remembered that the Fed is rigging the game. Eventually we are going to pay the price for these easy money policies. So many in this country have no clue that what Bernanke is doing is, one day they are going to watch a 60 minutes episode and be informed on why our economy has tanked again.
I just got 3.25 on a 30 year.
QE3 may have some short term benefits (ie stockmarket), but it's just prolonging the inevitable. When rates jump back up to 5 and 6%, no one is going to be prepared. The bond market is going to be a mess.
He's putting a Bandaid on hatchet wound.
The top 10 most educated states all went to Obama.
Just curious...what are the top 10 in order?
Complete rubbish.....where the devil is California on the "educated" list?
And 9 of the top 10 worst-educated went to Romney - Nevada is undecided now, but Romney might be able to make a clean sweep of it.
I thought this was interesting.
All those people are smarter than you.
Just think if 93% of the white population had voted for Romney. Silly racists.
Correlation doesn't imply causation..
I don't think you understand what that means.
that sums up Odumfvck pretty well
Glad I'm not the only one who is clueless how this relates to anything I said.
You implied racism as a result of the black vote for Obama..
When clearly blacks have always leaned heavily towards democrats, and in fact, show little support for conservative blacks.
This post was edited by Jack Passion 17 months ago
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