NineOneFour wrote:Here's why no one cares. Well, one of two reasons:

[youtube]http://www.youtube.com/watch?v=u5um8QWWRvo[/youtube]

I have experienced this first-hand on dozens of occasions in the past two years. It seems like there is a war going on against jobless people like me. I want to make a contribution for the society. And they want me to think positive and blame myself for everything that goes wrong.

Daan wrote:

NineOneFour wrote:Here's why no one cares. Well, one of two reasons:

[youtube]http://www.youtube.com/watch?v=u5um8QWWRvo[/youtube]

I have experienced this first-hand on dozens of occasions in the past two years. It seems like there is a war going on against jobless people like me. I want to make a contribution for the society. And they want me to think positive and blame myself for everything that goes wrong.

Oh, dear. You have that over there in the Netherlands too, do you?

Yeah, and lots of it.

On top of previous 1.7 trillion, the Fed announced it will print and inject another $600 billion worth of stimulus:


NEW YORK, Nov 3 (Reuters) - U.S. stocks fell after a brief pop higher in volatile trading on Wednesday after the Federal Reserve announced a controversial policy to buy government bonds in an attempt to breathe new life into the struggling U.S. economy.

The Fed will buy a further $600 billion of government bonds by June 2011, a package that was larger than expected. The central bank also described the economy as "slow" and said employers remained reluctant to add to payrolls.

"The Fed is still very worried about the potential for deflation, and their comments on employers suggests that Friday's payroll number could be disappointing," said Nicholas Colas, chief market strategist at the ConvergEx Group in New York.

I think it will cause a boom in the bond market, that will be a bubble, that will pop somewhere in 2011 or early 2012, causing further damage to the economy.