TREASURIES-Bonds Jump As Mixed Data Fuels Recovery Doubts

NEW YORK, Oct 30 (Reuters) - U.S. Treasuries debt prices rose on Friday after a batch of mixed signals fanned skepticism about the strength of an economic recovery, rekindling a safety bid for bonds.

Concerns that the the world's biggest economy could contract again hammered Wall Street, a day after the government said the United States posted its first quarterly growth in more than a year.

With the economy still fragile a year after the global credit crisis, the Federal Reserve will likely stick to its ultra-easy policy and near-zero interest rate target after policymakers convene next Tuesday and Wednesday, analysts said.

Friday's economic reports "have introduced a great deal of uncertainty. It's very unclear which report is the most important or indicative of actual growth," said Lindsey Piegza, market analyst with FTN Financial in New York. "That's why we are seeing stocks and bonds reacting the way they are."

What the HELL is it with ANY of these delusional idiots who think some up or down-tick in some statistic is a sign the recession is over and prosperity is returning?

People are crazy if they think that runaway spending (never seen before in history like this) coupled with ever increasing taxes and the demonization of capitalism and business is going to result in a robust economy. A little change in a statistic like this is akin to a victim of an awful, inevitably fatal disease who wakes up one morning with clear eyes and an appetite. It isn’t going to change the outcome. We are going to see massive inflation, like we have never seen in this country, ever.

I just finished listening to the section about the Depression in “A Patriot’s History of The United States” (excellent, EXCELLENT book by our very own freeper LS) where he discusses the actions of FDR in dealing with the depression. Nearly every single thing he did only exacerbated the depression and prevented the recovery, and everything was done with an eye towards providing goodies to voters in order to cement a political base far into the future.

LS wrote this before Obama was President, but the parallels just scare the crap out of me. Obama is obviously patterning his actions after those of Roosevelt, practicing Keynesian economics on steroids. When it is seen how much damage they did to our country as practiced by Roosevelt and the Democrats (Social Security IS a Ponzi scheme, and just one example of everything that is wrong with our country since Roosevelt took office) you can see how they are poised to transform our country so that it will be just as unrecognizable to people 80 years from now in the same way our country would be unrecognizable to pre-depression Americans.

We are in serious trouble. Sigh. Sorry to be such a downer, but it seems nobody in the administration has taken the time to read a history book, but if they have, they let ideology color their conclusions.

I guess that means the supply of money increases, because it is easier to get, which means inflation is going to be a factor if it keeps up, which it probably will.

I am no economist, never taken any course on it, and what I know if it comes from people like Thomas Sowell and observation, so I could have that wrong. But I don’t think one needs a degree in economics to view events in a historical perspective, and conclude that the same actions are going to produce the same or similar results.

Democrats, especially the socialist, marxist ones we have in office today, don’t believe in “the invisible hand” of the market as something that provides a built in automatic feedback function, like water that finds its own level.

The dumb bastards (and the one in the oval office is the biggest bastard of the dummies) always think that THEY know how to handle this stuff. They think that if they lay their hands on the machinery of the economy, turn this knob that way, trip this switch here, pull this lever there, that THEY can guide this economy the way we drive a car.

Bunch of damned conceited, arrogant and ignorant idiots. If you can’t tell, I am in a foul mood after reading LS’s book. It is one thing to stumble and make mistakes when you are treading new ground (for example, as Ann Coulter said when talking about appeasers, “Neville Chamberlain didn’t have himself to hold up as an example!”)

But for people to blindly, for ideological reasons follow a failed path that resulted in years of misery for millions, that is both wasteful and criminal. Damn them.

“I think everyone is expecting a) a second “crash” or steep decline in stock prices, and b) at SOME point, very high inflation.”

That’s certainly the consensus view. Usually the consensus view turns out to be wrong.

So maybe we are headed for a slow train wreck with grinding deflation that lasts for 10-12 years, with occasional blips leading to false hopes.

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