This move by Bernanke does not necessarily mean an increase in job growth. Bernanke is BAILING OUT Wall Street. This is just providing more liquidity and cash flow for increased profits. THAT is not necessarily related to increasing jobs and why no one on Wall Street is interested in the jobs market.
The growth of the local economies of the USA are still based in removing Wall Street from Main Street and returning growth to local merchants. Paying more for goods is probably a new reality for the American economy, but, it interprets directly into increased wages, better quality of life, a stronger tax base and job growth with LONGEVITY rather than 'at the whims' of Wall Street. It will also FREE the American taxpayer from providing bailouts anymore and the roll of the Fed really needs to be investigated.
This BAIL OUT by Bernanke will interpret into some job growth but significantly small compared to the Bail Out by the Fed.
November 4, 2010, 9:11 AM ET
Stock Futures up Despite Job Weakness (click title to entry - thank you)
...Markets are looking past the weekly initial claims report released this morning by the Labor Department. Initial unemployment claims rose by 20,000 to 457,000 in the week ended Oct. 30, the department said. The previous wee’s figures were revised upward to 437,000 from an earlier 434,000. Economists surveyed by Dow Jones Newswires had expected an increase of 11,000.
Instead investors are cheering the Fed’s decision yesterday to buy up an additional $600 billion worth of long-term Treasurys, sending an influx of money into the still struggling U.S. economy....
Instead investors are cheering the Fed’s decision yesterday to buy up an additional $600 billion worth of long-term Treasurys, sending an influx of money into the still struggling U.S. economy....
