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"'Shorty' Zero Hedge" . . . ?!! WTF?
A Freudian typo?
80 Bil is the weekly wages for about 40 milion americans, no? WTF?!
all to cover JPM's silver losses no doubt
Shake out weak hands + rumors on QE3 = BTFD
Dip to where is the only question left.
The 61.8% retrace of the S&P 500 at 925 (see, e.g., March 31, 1938.)
Concur. But I think it will take a genuine correction to justify QE3. Need to make people squeal to get the political cover.
Is this it? Tomorrow and Monday will be big days to watch.
Welcome to Weimar Amerikka.
While I think that that increase is merely an accounting change, it sure spooks the bejezus out of me.
OMG! This chart isn't on the front page of the Wall Street Journal? WTF!!!
END THE FED! We can do it!
Thanks, good stuff. The QE 3 vs no QE 3 question looms.
More evidence QE 3 will happen and the negative QE 3 talk is a head fake.
How does this differ to the launch of QE2?
tyler sez: shortly after June 30 (a day, a week, a month), the Fed will have no choice but to proceed with further monetization of public debt issuance
slewie sez: duh.
i don't know how the day is going on yer side of the pond, EK, but here, within a few trading hours of the zeroHedge moronic shitheads wondering how to play the vix, which might go ape-shit, the freaking vix, unless i miss my guess, went ape-shit.
this little "deflationary twinge", today, may be just a mild precursor of our world-class banksters' ability to "use excess liquidity to play the downside to the freaking hilt".
It will happen.
Wolfe Wave target of 575.
dont let'em pry your gold and silver from your hands
Gold = infinity
what goes up, must come down ?
"A few more days like today in the S&P, and expect Jon Hilsenrath to start the QE3 leaks."
Or maybe they'll shake it up a bit. Have Gross tell everybody that he's all out of treasuries (LOL!, yea right), and poised to capitalize on the equity rocket ship ride to the moon.
show us yer titz, J.J. !
zounds. reserves up $300bn in five weeks.
b b b.. but pimco's long dollars, and martenson says big dip coming, and robo loves stocks and the ber-nank says to trust lil' timmy?
YOU ALL HATE AMERIKA
*o'bammy gimme a hug*
I'm not sure why you are hot and bothered by excess reserves. It would be much worse if the excess reserves were stable or falling. It would corroborate the evidence you present every week of the flip that bond nonsense. If the Fed buys the bonds from PD and they turn around and buy treasuries that is how the money leaks into the system.
In fact that is one way the monetization of deficits can continue after QE2 while claiming that there is no QE3. I would watch that this is the way they fund deficits after QE2. They will just force the banks to use the excess reserves to purchase treasuries after June. This is a hidden way to get those reserves into the system without announcing the big FAIL that is QE2.
seems to me that as long as banks can get money from the fed @ .5% in these massive quantities and get a cool 3% or more from the gov. without risk, why would they lend it out to the private sector? Then if /when interest rates start to rise and the banks get in trouble they get bailed out or just get to mark to model.
This is a failed experiment in the making.
So this is Bearish for precious metals then, got it... Jackasses.
Quit saying "Sheeple" if you don't know what the fuck you're talking about. Jesus H. Christ people.
Can we a chart covering the past 10 years? Shadowstats or somewhere? That might make this intrayear chart look like spitting in the ocean.
blythe! check out my log scale!
Look at that boner.
I have that in the morning too, but I quickly cover my shorts until I exit the market.
"Adjusted Monetary Base: Up, Up And Away"
In my beautiful balloon.
No one on this blog understands money & central banking. zipo, nada
Why don't you enlighten us flowfag.
That is probably the worst comment I've seen on ZH. If you're going to throw a bomb like that, at least have the balls to explain yourself. I mostly lurk around here - primarily because the comments and posters you're junking are spot on and they always beat me to the punch. Damn near all the non-troll comments, even one liners, are more insightful and knowledgeable than anything you'll find from the so-called experts (shills).
The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money.
There, how'd I do?
I understand trolling, and that one is called a drive by. Total douchebag move.
QE3 will not transpire or leaks of it until the shit really starts hitting the fan. Bernake wants to kick congress in the nuts for being tarred and featherd. The man's gotta make his point and the only way to do it now is let the fucker unravel for awhile, until the next Jackson Hole moment.
JP Morgan is ramping up its silver short position. Bill Gross is going into cash and non-dollar denominated bonds because he knows with first hand knowledge QE3 will not start right after June 30.
Tepper doesn't think they'll be a QE3. Buffett is on public record saying he didn't think we should have done QE2. The world is literally on fire with our debased dollars, and the Bernak is hearing plenty for it. China is pissed and is moving ahead with trades getting settled in Yuan.
The Bernak will not QE3 until he's made his point, QE's can NEVER really stop now....
Thats kind of my point. They have to monetize deficits or we get higher rates. There has been enough blow back that I'm not sure they can crow about implementing QE3. Therefore, they are going to have to monetize while hiding the size. The only way I know to do this is to get the banks to do it behind the scenes. Lord knows they are good at lying to the public.
Bingo, and the Tea Party will take it in the nuts for trying to be fiscally responsible.
That or the war...that Adriano Celento or whoever, king soothsayer, says is around the corner.
(I kid GC: keep hitting them where it hertz)
this is the proverbial hand writing on the wall...the inflationary flood gates are opening like tsunami....god almighty help us.
Maybe if we print more calendars...
Of blond bimbos, the kind that's given Benocide the mega boner portrayed on the chart above? Triple portions coming up...this autumn!
There will be a head fake with QE3. The fed will say no QE3 then the banks
will start to lose money and Presto QE3. How long until the sheeple wake up is anyones guess.
.223 Au H2o grub
Russell the love muscle
Love that guy
Pushing on a string perhaps for now - unfortunately expectations are not beholden to velocity
First, this expansion of the monetary base literally means nothing, absent an accurate analysis of the further markdowns in asset class valuations to come, and also existing liabilities owed but not satisfied (executory contract aggregate debt).
Also, it fails to take into account that for all practical purposes banks, financials and other entities have marked current assets they're holding up to unrealisticly high levels, which will further draw upon any of their reserve liquidity when their days of reckoning arrive (and they will arrive).
One timely and relevant revelation was just issued today, when Bank of America proclaimed that 50% of all mortgages it holds or is servicing are 'underwater.' That's just one bank (granted, a large one). And wouldn't you all agree that Bank of America is UNDERSTATING how much the mortgages are underwater by (lest it be deemed insolvent, and crucify itself)?
That's just one bank, talking of the residential sector of MBS. What about commercial, industrial, office? What about CDS? What about the value of consumer or corporate paper holdings?
There is a huge 'short the USD' herd in full stampede right now, and it seems like these same herd members simply can't or won't acknowledge that while there's a digital build in U.S. fiat (which pales in comparison to other nations' efforts to increase their monetary bases, BTW, including the 'miraculous' China), there's a massive aggregate liability base of deeply impaired assets still sitting out there like an unstable thermonuclear weapons cache.
If The Bernank wants sustainable inflation (I'm not speaking of inducing commodity and other asset class bubbles intermediately or over the short term, which has clearly happened - but is going to see a violent reversal), he's likely destined to fail.
The die have already been cast, and Bernanke sevened out.
Is Europe weaker than the U.S?
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