In my previous post Desperation Bazooka Tactics; Gold Soars Following Huge Headfake, I mentioned "This seems like desperation bazooka tactics. Specifically, the Fed is in a panic state over jobs."

I am not the only one to come to that conclusion. Saxo Bank economist Steen Jakobsen sent out a post moments ago, FED Did Panic......

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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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7 Comments So Far
Reginald10 Wrote: Sep 14, 2012 5:08 PM
It's always been OK, so it always will be.
No one remembers the First Depression, right?
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RyanM Wrote: Sep 14, 2012 12:03 PM
Great decision by Helicopter Ben. Yesterday, some fool on one of the talking head shows stated that this has never been done. This person has never heard of Weimar. Well, nothing to worry about here, that vaunted "American exceptionalism" will solve everything as we aren't the stupid Germans. Because they ran their printing presses and suffered ruinous inflation doesn't mean it will happen to us.
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binc Wrote: Sep 14, 2012 7:53 AM
Here's hoping that's sarcasm Chris.
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Chris from Kalifornia Wrote: Sep 14, 2012 7:05 AM
Obama is doing a FINE job!
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Greg1084 Wrote: Sep 14, 2012 8:32 AM
Amazingly enough there are lots of "people" in my home town who think that very thing. It is astounding. I cannot tell you by what measure they judge things at all. They are simply...well I don't know. There isn't a word for it.
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E1776 Wrote: Sep 14, 2012 9:26 AM
I guess it must be hard to put into words, but some are: misguided, uninformed, ignorant, blind, unsophisticated, unable to reason, captive to group think and mainstream media bias. Yet we keep muddling through.
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Doug4749 Wrote: Sep 14, 2012 5:12 PM
Do you mean like in 'The Italian Job" FINE?

Nice...
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