:

[sadpandatech]

Jawbone...

[silverbox]

The fed is already easing.

As for the fed officially announcing additional easing and the media labeling it QE3.  Yup that will happen too.

hmmm..

[SkRRJyTC]

Jawbone...

wut?...

[SkRRJyTC]

Jawbone...

wut?...

It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.

This sounds like more than jawboning a stance to me...

"To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative."

[sunnankar]

here's the problem there and throughout the world; banks get to pay 0% or print free money for themselves but they insist that everyone else, citizens, corporations, municipalities, and even gov'ts pay either thru high interest rates or thru "conditionalities" aka austerity or coughing up your assets (a few islands here and there).

when is the nightmare going to stop?

When more people take screwing banks seriously.

[Melbustus]

It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.

They're going to start the $40B monthly purchasing TOMORROW.

So QE(infinity) starts tomorrow. Like lots of gov programs, this is going to be hard to shutdown once started without an explicit end-date set up front. A couple years from now, the argument will be "The Federal Reserve needs to maintain an active long-term role in debt markets in order to have an immediate tactical capability to smooth out market inefficiencies and maintain stability". I think it's fairly likely in the next couple years that these purchase targets will be raised here and there, giving the Fed more "flexibility", and something open-ended on the Treasury market will probably also happen. With $15T in total debt, gotta keep rates low for as long as possible somehow! Long-term consequences be damned.

[FreeMoney]

It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.

They're going to start the $40B monthly purchasing TOMORROW.

So QE(infinity) starts tomorrow. Like lots of gov programs, this is going to be hard to shutdown once started without an explicit end-date set up front. A couple years from now, the argument will be "The Federal Reserve needs to maintain an active long-term role in debt markets in order to have an immediate tactical capability to smooth out market inefficiencies and maintain stability". I think it's fairly likely in the next couple years that these purchase targets will be raised here and there, giving the Fed more "flexibility", and something open-ended on the Treasury market will probably also happen. With $15T in total debt, gotta keep rates low for as long as possible somehow! Long-term consequences be damned.

Right, today they talk. Tomorrow they act. :p

[Rothgar]

With $15T in total debt,

$16T cough $16T

Keep up with the times man,

http://www.treasurydirect.gov/NP/BPDLogin?application=np

[finway]

It will

[Melbustus]

With $15T in total debt,

$16T cough $16T

Keep up with the times man,

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Meh. Off by a trillion dollars. Silly me. Was using figures from April, I guess. Lol.

[kokojie]

With $15T in total debt,

$16T cough $16T

Keep up with the times man,

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Meh. Off by a trillion dollars. Silly me. Was using figures from April, I guess. Lol.

http://www.usdebtclock.org/

[molecular]

http://www.zerohedge.com/news/and-todays-most-shocking-headline-we-have

silverbox: "molecular!  front and center!

molecular:  "what?"

silverbox:  "pony up now.  right now!"

molecular:  "why?"

silverbox:  "so my gold can go up!"

 

this post makes no sense to me at all.

[cypherdoc]

http://www.zerohedge.com/news/and-todays-most-shocking-headline-we-have

silverbox: "molecular!  front and center!

molecular:  "what?"

silverbox:  "pony up now.  right now!"

molecular:  "why?"

silverbox:  "so my gold can go up!"

 

this post makes no sense to me at all.

Greece and the rest of the PIGS continue to be in need of unlimited bailouts.  Who's doing the bailing?  Why the German people of course like you.  This makes gold bugs like silverbox very happy b/c it means his gold and silver might go up as well.  In fact, he demands it from you.

[labestiol]

Greece and the rest of the PIGS continue to be in need of unlimited bailouts.  Who's doing the bailing?  Why the German people of course like you.  This makes gold bugs like silverbox very happy b/c it means his gold and silver might go up as well.  In fact, he demands it from you.

Please cypherdoc don't make this shortcut. Obviously we would all want the situation to be really solved, and that politicians stopped printing money to bail out loosers (in this case, banks).
But we shouldn't bet on what we want, we should bet on what is more likely to happen. And you're smart enough to understand that.

[molecular]

molecular: "what choice do I have?"

*prints loads of EUR, gives them to banksters, watches them buy up all assets, watches greece, spain, france, everyone else give up sovereignity, ducks*

molecular: "here we go, silverbox"

silverbox: "cool, thanks!"

*watches 'race to the bottom', banks runs, flight into hard assets, gold price sky-rocket, the daaaash to digital caaash, fiat burning in piles, 3rd world war, economic collapse*

silverbox: "ooouh yeah!"

silverbox *eats some silver for breakfast*

molecular *eats some bitcoins for lunch*

cypherdoc: "bitcoin up 562,000%, gold only up 372,000%, see? Hm, maybe I should finally these gold shorts..."

[SkRRJyTC]

Thoughts on this?

http://www.profitconfidential.com/debt-crisis/could-this-be-a-trick-to-drive-even-more-investors-to-u-s-treasuries/

[silverbox]

molecular: "what choice do I have?"

*prints loads of EUR, gives them to banksters, watches them buy up all assets, watches greece, spain, france, everyone else give up sovereignity, ducks*

molecular: "here we go, silverbox"

silverbox: "cool, thanks!"

*watches 'race to the bottom', banks runs, flight into hard assets, gold price sky-rocket, the daaaash to digital caaash, fiat burning in piles, 3rd world war, economic collapse*

silverbox: "ooouh yeah!"

silverbox *eats some silver for breakfast*

molecular *eats some bitcoins for lunch*

cypherdoc: "bitcoin up 562,000%, gold only up 372,000%, see? Hm, maybe I should finally these gold shorts..."

Rofl.

btw I have plenty of food, supplies, guns and ammo.  I still haven't installed my solar, propane genny, battery, grid tie inverter set up that I been wanting yet, but once thats done, I'm set. 

[cypherdoc]

molecular: "what choice do I have?"

*prints loads of EUR, gives them to banksters, watches them buy up all assets, watches greece, spain, france, everyone else give up sovereignity, ducks*

molecular: "here we go, silverbox"

silverbox: "cool, thanks!"

*watches 'race to the bottom', banks runs, flight into hard assets, gold price sky-rocket, the daaaash to digital caaash, fiat burning in piles, 3rd world war, economic collapse*

silverbox: "ooouh yeah!"

silverbox *eats some silver for breakfast*

molecular *eats some bitcoins for lunch*

cypherdoc: "bitcoin up 562,000%, gold only up 372,000%, see? Hm, maybe I should finally these gold shorts..."

pretty good. 

[smoothie]

OP needs to change title to "FED DID EASE I WAS WRONG" 

[adamstgBit]

molecular: "what choice do I have?"

*prints loads of EUR, gives them to banksters, watches them buy up all assets, watches greece, spain, france, everyone else give up sovereignity, ducks*

molecular: "here we go, silverbox"

silverbox: "cool, thanks!"

*watches 'race to the bottom', banks runs, flight into hard assets, gold price sky-rocket, the daaaash to digital caaash, fiat burning in piles, 3rd world war, economic collapse*

silverbox: "ooouh yeah!"

silverbox *eats some silver for breakfast*

molecular *eats some bitcoins for lunch*

cypherdoc: "bitcoin up 562,000%, gold only up 372,000%, see? Hm, maybe I should finally these gold shorts..."

pretty good. 

QE forever, is a fantastic idea and should provide some short term stability

for now, gold is still going down