Archive - Aug 23, 2012 - Blog entry

Bernanke has all but admitted this recently, saying "I assume there is a theoretical limit on QE as the Fed can only buy TSYs and Agencies… If the Fed owned too much TSYs and Agencies it would hurt the market."

Up to his neck: the Governor of the Reserve Bank of Australia—the latest in a series

The TK-4 has 11 ASI machined exterior gun ports: 8 standard gun ports and 3 sniper gun ports with a 7” opening for sniper rifles. Perfect for rescuing kittens that are stuck in fallen trees...

NOT Because of the Attacks ...

Presented in good humor...

They missed by a country mile.

I have to admit, I am pretty sick of writing about Europe, particularly since nothing has changed over there in the last month.

Instead what’s happened is that Mario Draghi issued a borderline ridiculous statement that he somehow will be able to fix the EU’s solvency Crisis.

The actual speech started with a philosophical inquiry comparing the Euro to a bumblebee. I kid you not:

I am reminded that this is the 5-year anniversary of the emergency Fed Discount Rate cut in response to the collapse of Countrywide Financial (CFC) earlier that week.  

Here come the facts!!! Warning, if you get your feelings hurt over hearing the truth, simply move on. You may have a couple of quarters lefft.

The conditions are dramatically different from the first two QE initiatives in regards to Pre-Conditions or available flexibility to undertake an asset raising initiative.