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<blockquote data-quote="GTNavyNuke" data-source="post: 182627" data-attributes="member: 322"><p>People have time, talent and treasure to contribute. I think community service commensurate with the Government money they receive makes sense. That would be the skin in the game that I'd like to see.</p><p></p><p>On a financial note, Friday was the biggest US equity index reversal in 4 years. Bad employment data this month and big downward revision the previous month along with weak factory data show the economy wasn't as strong as thought a few months ago. So after a small sell off on bad news being bad news, money flow seems to take over. Hard to tell what is noise and what is real .......</p><p></p><p>The Fed can do very little to help the real economy right now (IMHO). But they are caught by their stated desire to come off crisis low interest rates and QE with the fiction that what they have been doing affects employment rates. The Fed has put out many reports showing little correlation between the low interest rates / QE with employment; yet they have used this grossly lagging indicator as their principal publicly stated litmus test. They either need to keep up the facade or publicly admit they were wrong ..... I don't see them raising the rates, but who knows.</p></blockquote><p></p>
[QUOTE="GTNavyNuke, post: 182627, member: 322"] People have time, talent and treasure to contribute. I think community service commensurate with the Government money they receive makes sense. That would be the skin in the game that I'd like to see. On a financial note, Friday was the biggest US equity index reversal in 4 years. Bad employment data this month and big downward revision the previous month along with weak factory data show the economy wasn't as strong as thought a few months ago. So after a small sell off on bad news being bad news, money flow seems to take over. Hard to tell what is noise and what is real ....... The Fed can do very little to help the real economy right now (IMHO). But they are caught by their stated desire to come off crisis low interest rates and QE with the fiction that what they have been doing affects employment rates. The Fed has put out many reports showing little correlation between the low interest rates / QE with employment; yet they have used this grossly lagging indicator as their principal publicly stated litmus test. They either need to keep up the facade or publicly admit they were wrong ..... I don't see them raising the rates, but who knows. [/QUOTE]
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