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China Warns US About Cutting Tapering Too Soon
| August 28, 2013
| Mike Shedlock
Posted on 08/28/2013 5:24:25 AM PDT by Kaslin
The focus for the entirely useless upcoming G20 meeting is fear over US tapering, capital flight, and liquidity.
Reuters reports Ahead of G20, China urges caution in Fed policy tapering.
(Excerpt) Read more at finance.townhall.com ...
TOPICS: Business/Economy; Culture/Society; Editorial
posted on 08/28/2013 5:24:25 AM PDT
To: Kaslin; P-Marlowe
If Gallup is right in their mid-month survey that says unemployment has risen to 8.9%, then that kicks the legs out of the Fed's reason for tapering the QE. Fed says unemployment improvement was their guide, and a sudden increase in unemployment takes that argument away from them. (Please notice that the Fed is paying zero attention to the fact that 7 out of 8 jobs are part-time and that the 7.5% rate is all smoke and mirrors. They do know it. They are ignoring it.)
Two things will happen if that rate goes up a sharply as Gallup suggests:
1. Obama will need to wag the dog to hide the report that comes out next Friday. That would mean that an attack of some kind on Syria would happen approximately next Wednesday to Friday.
2. The Fed will quickly announce they are delaying that tapering. And that, too, will save Obama's bacon from a crashing economy, stock market, mortgage market, higher inflation, and that's just the QE effect. Wait til the higher ObamaCare taxes start robbing people of their ability to buy.
posted on 08/28/2013 5:30:26 AM PDT
( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
Of course. China wants us to go deeper into debt to buy their crap.
posted on 08/28/2013 5:34:40 AM PDT
uh oh....ChiComs no likey.....
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