Global Criticism Of Us Stimulus

[Constable]

China, Germany and South Africa criticise US stimulus Edited November 5, 2010 by Constable

[Toto deVeer]

China, Germany and South Africa criticise US stimulus

Zimbabwe's position is noted by its silence...

[Fairies Wear Boots]

Thank goodness. I was starting to think they (and the BoE) could get away with it forever.

[Fairies Wear Boots]

P.S. How many are going to have this in their sig by Sunday...

"It is not that the Americans have not pumped enough liquidity into the market and now to say let's pump more into the market is not going to solve their problems”

[singlemalt]

After Lehmans when the global banking system itself was in jeopardy most coutries were in favor (at least publicly) of unthinkable extreme measures, enter QE1. Now the U.S want to enbark in QE2 simply to bail themselves out countries are starting to break ranks. Germany's economy is in much better shape than the U.S why would they not criticise them.

[Mikhail Liebenstein]

As per the title it may well be clueless.

There is a great bit in the Film the Obama deception in response to the question "where did the figure $2Tn come from from" the response was"we just wanted a really big number"

[MrFlibble]

This criticism won't stop the BoE from following the same lemming style move...

Insanity is doing the same thing over and over and expecting different results.

[Realistbear]

This criticism won't stop the BoE from following the same lemming style move...

Insanity is doing the same thing over and over and expecting different results.

Our lot will follow with QE2 in iorder to prop up the housing market as they know that with a full on crash everything goes down. I suspect Bernanke may be thinking the same thing as the US housing market is much the same as ours--the only difference is that our lot and the banksters are keeping it going with dangerously low IR and stalling repossession orders.

Maybe, perhaps just maybe, Bernanke chose the lesser of two very bad evils.*

____________________________

* A total of 83,261 Notices of Default ("NODs") were recorded at county recorder offices during the July-through-September period. That was up 18.9 percent from 70,051 in the prior quarter, and down 25.5 percent from 111,689 in third-quarter 2009, according to San Diego-based MDA DataQuick.

Edited November 6, 2010 by Realistbear

[Meat Puppet]

As per the title it may well be clueless.

There is a great bit in the Film the Obama deception in response to the question "where did the figure $2Tn come from from" the response was"we just wanted a really big number"

Well they stole that line then. It was used by the Bush admin for the $700 billion TARP bailout.