This page has been archived and commenting is disabled.

Bill Gross Just Set The Date For Operation Twist 2 And QE3

Tyler Durden's picture


Just out from Bill Gross:

Which means anyone hoping for any QE3 hints today will be disappointed.

Read more on what this means here.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/22/2011 - 10:26 | 1391629 Temporalist
Temporalist's picture

Got a month and a half to buy more gold and silver.  They are both up.

Wed, 06/22/2011 - 10:55 | 1391750 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Billy is going to find himself in a hotel room raping some maid soon....

Wed, 06/22/2011 - 11:00 | 1391776 I think I need ...
I think I need to buy a gun's picture

TRUST NO monetary system possible before qe 3 announced......bill gross maybe right hes just holding more info back.......its almost over

Wed, 06/22/2011 - 12:34 | 1392134 tgatliff
tgatliff's picture

I am thinking it is not looking good for Bill Gross being on Big Bens christmas basket list.  Bill is being a very bad boy this year by giving up the "treats" of the chairman.

Wed, 06/22/2011 - 11:20 | 1391841 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I junked you.  Your comment has no merit and is indecent.

Wed, 06/22/2011 - 12:19 | 1392074 njdoo7
njdoo7's picture

I junked you for junking a comment that is over your head.

Wed, 06/22/2011 - 12:25 | 1392112 SilverDosed
SilverDosed's picture

Well played sir.

Wed, 06/22/2011 - 12:40 | 1392161 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Parliamentarian, know your role.  Stay in House, and if you ever feel the need to step on the field again, do not rattle your sword, or I should chop your head off.

Wed, 06/22/2011 - 12:33 | 1392121 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Over my head, because DSK is a known womanizer, a power hungry bastard (which is what drives people to rape:  power and control) but it is presumed by one speech he gave that he has saintly virtues when it comes to IMF policy.  Yes, he was going to free the third world of all its debt!  That is so like him.  He is a righteous man, a pious leader of the free world!  Sarkozy could not have this, and so he had an African immagrant planted in his hotel room and she begged him to have violent anal sex with her. 

Or he is a rapist and you are a paranoid fuck.

Wed, 06/22/2011 - 12:34 | 1392132 njdoo7
Wed, 06/22/2011 - 12:43 | 1392171 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Further context would help you explain your psychosis.

Wed, 06/22/2011 - 13:28 | 1392332 Raymond Reason
Raymond Reason's picture

I agree.  DSK walks and talks like a duck.

Wed, 06/22/2011 - 11:17 | 1391844 mrgneiss
mrgneiss's picture

Whoever junked that has absolutely no sense of humor and should lighten up......

Wed, 06/22/2011 - 11:41 | 1391958 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yeah it is so funny that DSK raped a woman. 

Wed, 06/22/2011 - 13:43 | 1392371 jeff montanye
jeff montanye's picture

raped several, got caught once, so far.

Wed, 06/22/2011 - 11:45 | 1391960 slow_roast
slow_roast's picture

Yeah, good old rape jokes. </sarc>

Wed, 06/22/2011 - 12:12 | 1392061 TruthInSunshine
TruthInSunshine's picture

C'mon baby! Let's do the twist!

Lets twist again
Wed, 06/22/2011 - 11:44 | 1391969 Protonrick
Protonrick's picture

Watch out for hot tubs and small airplanes.

Wed, 06/22/2011 - 12:32 | 1392128 njdoo7
njdoo7's picture

"Death in small airplanes or decades of incarceration due to potential political attack is no joking matter..such possibilities shouldn't even be open to speculation!"  -Mr Lennon Hendrix



Wed, 06/22/2011 - 12:46 | 1392183 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Don't mock me, it is not not becoming of you.  What have you then, and come out and write it, do not give worthless wiki sites and write jibberish mocking words such as this.

Wed, 06/22/2011 - 16:58 | 1393148 malek
malek's picture

It is really amusing to watch people trying to impose political correctness in the Fight Club...

Wed, 06/22/2011 - 14:22 | 1392542 barkingbill
barkingbill's picture

i think this is a good comment since it shows that the power brokers themselves are under constant threat of being set up by their overlords


Wed, 06/22/2011 - 15:43 | 1392877 High Plains Drifter
High Plains Drifter's picture

yeh if he keeps running his head, he might suddenly wake up one day, and some strange pictures of him will appear on facebook.......


Wed, 06/22/2011 - 11:03 | 1391796 Confucious 222
Confucious 222's picture


Sally Sue Smith is 17 and 1/2 and is putting out!

Jim Bob, Billy Bob, Joe Bob, and Joe Bob Jr, all nailed her last night!

Now, should I WAIT until she is 18???

Naw, think I'll be goin' over to the trailer TONITE, as I hear her folks ain't home




Wed, 06/22/2011 - 11:37 | 1391885 Libertarians fo...
Libertarians for Prosperity's picture

Got a month and a half to buy more gold and silver.


My charts are showing the end of the world will occur in July. If not July, then probably sometime in the next 10 years. By then, everyone will forget this post, so it'll be nearly impossible for anyone to prove me wrong.  Comex default is imminent - maybe a 50/50 chance.  Let's just say there's a 50/50 chance that there is a 50/50 chance.  The other 50% is sometime after July - either way, I'm right and it'll be impossible for Trav7777 and RNR to prove it wrong and throw it back in my face.  Big divergence in paper and physical going on - Wilber's Coin Store in Kentucky is charging $75/ounce, which I'm buying by the truck load.  Buying it cheap...stacking it deep!  

Very fluid situation right now.  Lot's of wild cards.....lot's of wild cards......

No one said becoming the next oligarch would be easy.

One other thing:  expect lots of volatility in silver.  What's volatility, you ask?  Well, more than anything, it's a gut feeling that experienced silver traders have. For the newer traders, i'd say it means price will go up, and price will go down.  If you think about it that way, you'll see that I can't be proven wrong in the future.  Thanks. 

Wed, 06/22/2011 - 11:56 | 1391957 Bay of Pigs
Bay of Pigs's picture

Gold hit an all time high today. Silver doing fine, up 95% YOY. 

You must be a very unhappy person. Your posts reflect a tremendous amount of anger in them. Get some help.  


Wed, 06/22/2011 - 13:28 | 1392335 EnglishMajor
EnglishMajor's picture

Wilber must love to see you coming. Ron in Indiana sells it to me for spot when he has it, and worst case I can drive to Silver Towne in Winchester and pay about .75 over. You should consider a road trip, then you should look up "tautology" in the dictionary.

Wed, 06/22/2011 - 10:27 | 1391633 Everybodys All ...
Everybodys All American's picture

Makes sense ... by then the debt ceiling will be raised. So he can go insane again.

Wed, 06/22/2011 - 10:32 | 1391641 ThirdCoastSurfer
ThirdCoastSurfer's picture

"Those who forget history are doomed to repeat it"


Wed, 06/22/2011 - 10:30 | 1391646 Cinfultreat
Cinfultreat's picture

If Bill Gross is supposedly in the know why the hell would he be telling everyone when the next shot is coming??  I don't like it.

Wed, 06/22/2011 - 10:41 | 1391683 gwar5
gwar5's picture

That's a good crack.....

Wed, 06/22/2011 - 10:42 | 1391703 Fish Gone Bad
Fish Gone Bad's picture

The money changers have a habit of punishing those who stop playing the pretend game.  At one time, Bill was indeed their darling.  With Bill going and shooting off his mouth, he has now changed sides.  The only way Bill will get his way, is if people believe him and follow him.  Expect to see Bill eventually drawn and quartered.  I do not know how, when or why, but that is the usual punishment for turncoats.

Wed, 06/22/2011 - 10:52 | 1391738 youngandhealthy
youngandhealthy's picture

One of Elliott Spitzers girls will come his way.....

Wed, 06/22/2011 - 13:49 | 1392390 jeff montanye
jeff montanye's picture

that's the thing; spitzer never denied.  he was targeted, probably because of prosecuting wall street, but he did like his ladies of the afternoon.  hope bill gross isn't doing anything illegal, his scrip for the medical chronic is up to date, etc.

Wed, 06/22/2011 - 13:37 | 1392365 Raymond Reason
Raymond Reason's picture

As the noose gets tighter around the Fed's neck, we may see more defectors soon. 

Wed, 06/22/2011 - 11:20 | 1391704 etrader
etrader's picture

Something must of happend around (Nov-Dec 2010) between Mr Gross & some key FED minions. Co-insided with Paul McCulley retirement news.

Maybe a  woman scorned would be an appropriate term?

Wed, 06/22/2011 - 10:35 | 1391650 TradingJoe
TradingJoe's picture

Who Cares!? "Banchero Traders" waiting for a Government Handout shouldn't call themselves TRADERS, rather BEGARS and THIEFS!

Everyone and their Mommies are waiting to load up "before" QE3 OT2 etc. Well, keep looking for toilet paper, you might need it for real when this poor country is coming down, and it will, HARD as HELL!

It's the usual "human factor", as in "take the easier way" and wind up in a ditch or worth!

Wed, 06/22/2011 - 10:35 | 1391652 vote_libertaria...
vote_libertarian_party's picture

Everybody says QE3 will not be Treasury buying.  So why would there be such aggressive buying in July?  (I'm assuming the only reason there has been aggressive buying the past 8 months is the primary dealers were bidding up because they new they would get par from the Fed 2 weeks later)


If Treasury buying starts to get weak and the debt ceiling sumo wrestling gets ugly can he wait until August?

Wed, 06/22/2011 - 10:32 | 1391658 baby_BLYTHE
baby_BLYTHE's picture

the money Printer will continue to print money

Wed, 06/22/2011 - 10:48 | 1391736 redpill
redpill's picture

It's not his fault, that's just his nature.

Wed, 06/22/2011 - 11:01 | 1391782 MassDecep
MassDecep's picture

the money Creator will continue to Create. Very easy to do, just several keystrokes

and shabaam...more debt.

Wed, 06/22/2011 - 10:33 | 1391662 bonddude
bonddude's picture

We are Japan. Now we reveal nuke leaks?

Wed, 06/22/2011 - 11:07 | 1391816 john39
john39's picture

fear and distraction.  you can bet you will see alot more of this.

Wed, 06/22/2011 - 10:34 | 1391667 gwar5
gwar5's picture

Pumping the market with rhetoric. Surely more talk to come by others so the market can price it in with the new munny valuations.

Wed, 06/22/2011 - 10:52 | 1391739 Bob
Bob's picture

My thought as well. 

Wed, 06/22/2011 - 11:21 | 1391865 ssp2s
ssp2s's picture

Bill Gross wants Treasury rallys (notwithstanding his orchestrated PR campaign about being short), and he has full access to what the Fed is thinking.  Rumors of QE3 will keep yields down without the Fed having to use any powder or ink.  Tweets like this keep Gross in favor with the Fed and make him lots of money as he sells bonds to all those foreign banks sitting on the billions that the Fed handed to them.  I'm guessing he'll be dripping out more "insights" all summer.

Wed, 06/22/2011 - 10:39 | 1391674 earlthepearl
earlthepearl's picture

Amazing how a tweet from this 'tard can give a slight bump

up to the market


Wed, 06/22/2011 - 11:37 | 1391939 SheepDog-One
SheepDog-One's picture

Yes thanks for the big bump up in gold. Please keep muttering 'QE3' under your breath. Makin me RICH bitchez!

Wed, 06/22/2011 - 12:29 | 1392117 Metropolis_Minx
Metropolis_Minx's picture

No no no. He must be very very quiet... I want another few weeks to accumulate before the big she-bang.



Wed, 06/22/2011 - 10:36 | 1391677 spongeBOB
spongeBOB's picture

Abby Jewish Cohen just said no QE3

Wed, 06/22/2011 - 10:42 | 1391691 HelluvaEngineer
HelluvaEngineer's picture

Oh Crap.

Wed, 06/22/2011 - 11:52 | 1391983 Thomas
Thomas's picture

Yup. QE III is a lock now (anti-semitism aside).

Wed, 06/22/2011 - 16:59 | 1393170 malek
malek's picture

Yep. It has always been.

Wed, 06/22/2011 - 15:50 | 1392890 High Plains Drifter
High Plains Drifter's picture

yeh and she also said that S & P will be about 1450 is a sure bet because right now, we are just in a "soft spot" .  i love how this term soft spot is being used more and more now.


Wed, 06/22/2011 - 10:40 | 1391679 CreditcalMass
CreditcalMass's picture

1. Short everything til late July

2. Convert to PMs..

3. ?????

4. Profit.


Problem, Bernanke?

Wed, 06/22/2011 - 11:23 | 1391874 GeneMarchbanks
GeneMarchbanks's picture

3. Climax... being the word you were looking for.

Wed, 06/22/2011 - 11:25 | 1391877 GeneMarchbanks
GeneMarchbanks's picture


Wed, 06/22/2011 - 10:41 | 1391682 johngaltfla
johngaltfla's picture

I call bullcrap. Data is not bad enough to justifty QE3 and the Fed needs a stronger dollar to bail out the ECB and PIIGS.

Wed, 06/22/2011 - 11:31 | 1391894 Idiot Savant
Idiot Savant's picture

The data is pretty bad even with QE2 still in effect. I expect July and August to be interesting indeed. Bernanke hinting re QE3 in August wouldn't surprise me a bit.

Wed, 06/22/2011 - 11:33 | 1391918 johngaltfla
johngaltfla's picture

Keep in mind, we actually see the data for what it is. The Fed has to keep a happy face and paint lipstick on every turd to maintain the illusion.

Wed, 06/22/2011 - 17:04 | 1393192 malek
malek's picture

You mean

   "The situation is desperate but not serious"


Wed, 06/22/2011 - 10:41 | 1391684 RobotTrader
RobotTrader's picture

Looks like the Riverboaters are not waiting around for the official QE3 announcement.

They are buying stocks now hand over fist.

Wed, 06/22/2011 - 10:42 | 1391711 qussl3
qussl3's picture

On leverage no less.

When a liquidity squeeze is over the horizon.

I wonder who is selling them stawks to these good folk.

Wed, 06/22/2011 - 12:22 | 1392100 Greeny
Greeny's picture

"When a liquidity squeeze"

Do you believe in what you are saying? With Bernank?

Liquidity squeeze? Sound like a joke at least.

Wed, 06/22/2011 - 10:58 | 1391766 Internet Tough Guy
Internet Tough Guy's picture

Oil up again. Momo, you are the perfect fade.

Gasoline has "crashed" here in L.A.
RobotTrader - Tue, Jun 21, 2011 - 01:25 PM

Petey, if you drove a big truck that gets 12 mpg like I do, this price drop the last month can be considered a "crash"....

I'm loving it....


Wed, 06/22/2011 - 11:42 | 1391943 Greeny
Greeny's picture

"OIL up again"

OIL is same play as Gold against Dollar depreciation.

I'll surprise you again, but OIL going higher and Stock Market

going higher as well, regardless of "Collapse" whining.

Buy Gold/Silver miners and you can

do twice as better (by the year end),

than just holding "Physical" :)))

Wed, 06/22/2011 - 12:05 | 1392027 Robot Traders Mom
Robot Traders Mom's picture

Who the fuck lives in LA, seriously that would be on ZH? Besides 10 million fucking sheep, it is not surprising Robot lives there. Not surprising in the least...

Wed, 06/22/2011 - 11:01 | 1391786 lieutenantjohnchard
lieutenantjohnchard's picture

so are you saying you're a riverboat gambler given you switched to long which was 100% opposite what you said you would do if 1300 s&p broke south?

robottrader: the ultimate dumb money indicator.

if a hedge fund manager i would have a minion camping out at zh and when the contract 1099 processor made a call i would do the opposite, and coin money.

Wed, 06/22/2011 - 11:41 | 1391942 SheepDog-One
SheepDog-One's picture

Buying GOLD hand over fist Momofader you big dummy!

Wed, 06/22/2011 - 10:43 | 1391685 Johnny Lawrence
Johnny Lawrence's picture

Interest rates are already "low."  How is capping them going to help?

Wed, 06/22/2011 - 10:45 | 1391705 CreditcalMass
CreditcalMass's picture

If they cap the short end of the curve it creates a rate environment for the banks to recapitalize themselves.

Wed, 06/22/2011 - 10:50 | 1391727 snowball777
snowball777's picture

One step short of tasering investors into risk.

Wed, 06/22/2011 - 11:39 | 1391925 Bob
Bob's picture

Recapitalizing themselves always comes second to paying out "bonuses," though.  Funny how that happens.  I guess it's all that "talent" . . . cuz it sure as hell ain't prudent business practices. 

Wed, 06/22/2011 - 16:47 | 1393102 StychoKiller
StychoKiller's picture

Stiction is a non-linear phenomenon...

Wed, 06/22/2011 - 10:38 | 1391689 Dick Darlington
Dick Darlington's picture

OT: Stray (fat) cat looking for loving parents and lots of pocket money. Please place this note on to your local supermarket's add board.

06-22 10:36: ECB's Bini Smaghi is prepared to leave ECB post but wants to know first where he could be placed, according to French source
Wed, 06/22/2011 - 10:39 | 1391698 Bay of Pigs
Bay of Pigs's picture

I wonder when Gross will put some money into hard assets?

New all time high for gold today London PM fix @ $1552.50


Wed, 06/22/2011 - 11:29 | 1391905 Temporalist
Temporalist's picture

True BoP too true.  The sleep is still being rubbed from the eyes of the dreamers.  Record highs are often like alarm bells.  When gold hit $1000 in FRNs and then pulled back...well it's at $1550+ now...

Wed, 06/22/2011 - 10:44 | 1391700 Eireann go Brach
Eireann go Brach's picture

He sure is trying to build himself back up again after being wrong recently when being short US Treasuries! Go back to your yoga fucking skelator!

Wed, 06/22/2011 - 11:05 | 1391801 snowball777
snowball777's picture

Wrong? Or...early? If this titty-twister goes as indicated, he'll end up okay with that short position, no?

Wed, 06/22/2011 - 10:40 | 1391701 PY-129-20
PY-129-20's picture

In German media N-TV they were saying that Gross also said that many states are going to default within the next two years...

Wed, 06/22/2011 - 10:57 | 1391756 Bob
Bob's picture

After all public assets are sold off, of course.  And not before. 

Wed, 06/22/2011 - 11:00 | 1391797 snowball777
snowball777's picture

Spook them munis, "Boo!"

Wed, 06/22/2011 - 11:15 | 1391825 topcallingtroll
topcallingtroll's picture


The only state to default in the great depression was arkansas.

Change " many" to "possibly a few"

Wed, 06/22/2011 - 11:39 | 1391932 Idiot Savant
Idiot Savant's picture

You're probably correct, but what about cities?

I couldn't believe my eyes when I read the following article. It seems God can do anything, except cure world hunger/suffering.

Wed, 06/22/2011 - 11:43 | 1391947 Broomer
Broomer's picture

God also cant grow amputated legs and arms back.

Wed, 06/22/2011 - 13:58 | 1392444 DOT
DOT's picture

you can get new ones when you die of austerity.

Wed, 06/22/2011 - 10:42 | 1391709 T-roll
T-roll's picture

No one expects QE today. I expect that PMs will fall after Bennie speaks. If the Greece govt manages to pass the austerity measures, PMs will fall further. I expect further weakness once the debt ceiling is raised. I will be loading up on gold and silver at the earliest sign that Bennie is planning another round of QE or whatever he may call it.

Wed, 06/22/2011 - 11:19 | 1391721 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Well it won't be decided at the Grove.  The only Jew allowed there is funny boy Kissinger.  But really, the only way QE3 can wait until August is if Obama does a Summer Jobs Program worth over $50 billion to tide the banks over, since the money will obviously go to the banks first, because that is what all of this hub bub is about, bailing out the bankrupt Majors, and the payout will be with worthless IOUs in the form of foodstamps, and maybe actual IOUs like the California summer before last.

Wed, 06/22/2011 - 10:49 | 1391722 Arius
Arius's picture

which means do not sell stocks even if there is no QE3 today - the underlying message is that eventually, there will be QE3 so, please do not sell the stock market ..... 

Wed, 06/22/2011 - 10:53 | 1391761 equity_momo
equity_momo's picture

QE3 wont save stocks. Especially rumours of it being hinted in 2 months time.

Wed, 06/22/2011 - 10:54 | 1391763 T-roll
T-roll's picture

How can there be QE 3 if the stock market doesn't tank?

Wed, 06/22/2011 - 10:56 | 1391772 Temporalist
Temporalist's picture

It will just be a continuation of QE2. QE3 just more of  the same.


BTW Jim Grant will be on Bloomberg TV shortly.  He likes the truth so always good to listen to him.

Wed, 06/22/2011 - 11:19 | 1391850 Arius
Arius's picture

"How can there be QE 3 if the stock market doesn't tank?"

my reading is that they are trying to have a managed "tanking" ... and more importantly keep the suckers to hold the bag ...

Wed, 06/22/2011 - 11:24 | 1391863 Shell Game
Shell Game's picture

95 point /ES drop, all economic indicators showing double dip.  It could be all it takes to justify the easing quo..

Wed, 06/22/2011 - 10:57 | 1391760 I think I need ...
I think I need to buy a gun's picture

trust NO ONE....bill gross maybe right after a new monetary system is in place.....f them all......tremendous dislocations happening now. continue to accumulate gold

Wed, 06/22/2011 - 10:57 | 1391775 Internet Tough Guy
Internet Tough Guy's picture

Let's see QE with gold near record high and oil near 100

Wed, 06/22/2011 - 10:58 | 1391791 snowball777
snowball777's picture

So someone help me out...the idea is that the 'iron pyrite rush' into the capped short-end will push up yields in the range(s) Bill shorted?

Wed, 06/22/2011 - 11:09 | 1391811 Temporalist
Temporalist's picture

HOLD THE PRESSES!!!  The iPHONE 5 is coming and it will have a faster chip!  No reason to think about anything else now.

Wed, 06/22/2011 - 11:39 | 1391946 Joe Sixpack
Joe Sixpack's picture

The big question is



Will you be able to watch American Idol on your iPhone5?

Wed, 06/22/2011 - 12:23 | 1392102 morty_schatzberg
morty_schatzberg's picture



But what about Casey Anthony? Will she go to Jaylez?

Wed, 06/22/2011 - 12:32 | 1392103 morty_schatzberg
morty_schatzberg's picture


Wed, 06/22/2011 - 11:09 | 1391821 sbenard
sbenard's picture

No wonder stocks, gold are surging! Inflation a la maximo coming soon to an America near you!

Wed, 06/22/2011 - 11:34 | 1391836 HUGE_Gamma
HUGE_Gamma's picture

Boy Scout - Eagle Scout

Captain debate team

School President

1600 SAT

Harvard BA Economics

Wharton MBA - Finance

CFA, FRM, CPA, CAIA, CIA, CFP, BJJ black belt

FINRA Series 1 ,2 ,3, 4, 5, 6, 7, 43, 56, 64, 83

I can fix this economy!

Wed, 06/22/2011 - 11:18 | 1391849 Zer0henge
Zer0henge's picture

Pimco is inserting itself into the Arab Spring:

Totally inappropritate.  Bad move.

Wed, 06/22/2011 - 11:48 | 1391872 Bay of Pigs
Bay of Pigs's picture


Just watched Michael Pento bitch slap Jerry Webman from Oppenheimer Funds on BNN. Amazing how stupid these "chief economists" look when confronted by someone who states the facts and leaves them mumbling, stuttering and grasping to make any sense at all. Webman is a stooge.

Wed, 06/22/2011 - 11:24 | 1391880 the grateful un...
the grateful unemployed's picture

he's angling for the job, and why not? he would let the bond market do its job (i think) and if we had a Treasury Sec with a more populist attitude things might actually improve (is the Dow up today?)

Wed, 06/22/2011 - 11:25 | 1391886 moonstears
moonstears's picture

Many here make good comments when questioning Gross' loyalty/truthfullness. What's his angle? IMO, maybe he's wanting to be a survivor when "stupid" J6P gets bored with dancing with the stars, sobers up, and takes 30/30 his "old Jenny" and comes out looking for the asshole who made Keystone beer so unaffordable. I think gold silver MAY drop between now and Aug, but you guys and gals who are "waiting" to buy physical metals or to fill the kitchen cupboards...don't, JMO.

Wed, 06/22/2011 - 11:46 | 1391963 Joe Sixpack
Joe Sixpack's picture

Just for the record- I don't drink Keystone beer.

Wed, 06/22/2011 - 11:29 | 1391887 moonstears
moonstears's picture

Many here make good comments when questioning Gross' loyalty/truthfullness. What's his angle? IMO, maybe he's wanting to be a survivor when "stupid" J6P gets bored with dancing with the stars, sobers up, and takes 30/30 his "old Jenny" and comes out looking for the asshole who made Keystone beer so unaffordable. I think gold silver MAY drop between now and Aug, but you guys and gals who are "waiting" to buy physical metals or to fill the kitchen cupboards...don't, JMO.

Wed, 06/22/2011 - 11:26 | 1391891 moonstears
moonstears's picture

Many here make good comments when questioning Gross' loyalty/truthfullness. What's his angle? IMO, maybe he's wanting to be a survivor when "stupid" J6P gets bored with dancing with the stars, sobers up, and takes 30/30 his "old Jenny" and comes out looking for the asshole who made Keystone beer so unaffordable. I think gold silver MAY drop between now and Aug, but you guys and gals who are "waiting" to buy physical metals or to fill the kitchen cupboards...don't, JMO.

Wed, 06/22/2011 - 11:29 | 1391903 sbenard
sbenard's picture

Is it any wonder that the Dollar just went negative following this news?

Wed, 06/22/2011 - 11:31 | 1391912 Johnny Lawrence
Johnny Lawrence's picture

I find the correlation between equities and commodities to be disturbing.

Wed, 06/22/2011 - 12:08 | 1392038 T-roll
T-roll's picture

It's a bull-trap IMO.  I expect both to decline sharply over the coming weeks.

Wed, 06/22/2011 - 11:32 | 1391916 huggy_in_london
huggy_in_london's picture

There is almost no chance they are talking about QE3 at the next jackson hole.  There is zero evidence to back this up.  It's merely a guess to help his positions.  They ain't called pimpco for nothing :-)

Wed, 06/22/2011 - 11:37 | 1391921 sbenard
sbenard's picture

Wall St will love this! Main St. will be impoverished!

Wed, 06/22/2011 - 11:41 | 1391956 aVian
aVian's picture

Cook County is 108 billion in the red...add up all the big cities...QE3,4,5 etc

is fucking guaranteed

Wed, 06/22/2011 - 15:49 | 1392901 High Plains Drifter
High Plains Drifter's picture

yeh but look at the bright side.  Mayor Rahm has your back. That is inbetween trips to man's country.

Wed, 06/22/2011 - 11:44 | 1391967 ThirdCoastSurfer
ThirdCoastSurfer's picture

Most market participants would desire to be long and benefit from the 15% LTCG tax. Most corporations and many others are subject to the 35% tax rate on short term gains (they can deduct LTCG losses against STCG, but not the other way around, these taxes are due quarterly).

One would think then in a truly desperate funding shortfall that an easy way to maximize short-term tax revenue without a tax increase, especially on high wealth entities, would be to "rattle the market" and shake out the weak hands with a 20% correction (the difference between capital gains treatment), but you would be dead wrong. Democrats are stupid.

So come on everybody, let's do the twist!

"cause daddy's sleepin' and mommie ain't around so we're gonna twist twist twist
'til we burn this damn house down
So come on, come on, come on and twist this mf'r down" *

*with apologies to Chubby Checker

Wed, 06/22/2011 - 11:49 | 1391974 virgilcaine
virgilcaine's picture

Just Hot air from Mr. G..he spouts off more than the Geyser Old Faithful.

Wed, 06/22/2011 - 17:16 | 1392006 anarkst
anarkst's picture

Tyler, you need to get your head out of this guy's descending colon.

Wed, 06/22/2011 - 11:58 | 1392016 I am a Man I am...
I am a Man I am Forty's picture

there will be no QE3, the heist has already happened, now time for deflation to make assets cheap so the banks can buy everything up, this site keeps pumping QE3 cuz they are long gold and silver, and i like gold and silver, but it is clouding TD's thinking

Wed, 06/22/2011 - 12:12 | 1392053 T-roll
T-roll's picture

QE will and must continue in some form or another in order for the government to remain solvent.  There are no alternatives.  Also, it is well known that Uncle Ben can't stand deflation and would NEVER let it take hold.  QE until the end...bitchez!

Wed, 06/22/2011 - 12:46 | 1392181 SilverDosed
SilverDosed's picture

Hahaha, you said government and solvent in the same sentence.

Wed, 06/22/2011 - 12:05 | 1392040 web bot
web bot's picture

So if interest rates are capped... and there is an eventual run on the US$... then aren't interest rates one of the only levers left (apart from pegging the US$ to gold) to create demand for the US$ to stop the run?

They can keep a cap on interest rates all they want, but once the bond vigilantes comes, they've shot their last bullet.

Wed, 06/22/2011 - 12:37 | 1392162 ThirdCoastSurfer
ThirdCoastSurfer's picture

we will remain vigilant to monitoring market conditions and stand willing and able to reverse policy in emergency meetings in much the same way we continued to lower the OLR and the other extraordinary measures we have took in the wake of the Lehman crisis.

If we need to lend McDonald's et. al., another $700b to shore up demand, we stand prepared to do so. The bottom line is that we must continue to take whatever steps we can concieve of, prudent or not, to fulfill our mandate or in-lieu thereof, to question why we even exist in the first place.

Wed, 06/22/2011 - 12:20 | 1392094 RecoveringDebtJunkie
RecoveringDebtJunkie's picture

My take on Gross, QE3 and OT2:

"Bill Gross just loves to manufacture heavily publicized comments about the U.S. Treasury market every now and again. At first glance, they may even come off as his deeply personal opinions about Treasury bonds and the future of U.S. fiscal and monetary policy. Take more than a glance, though, and it becomes easy to see that men like that, in such lofty positions of financial power, never make any "public statements" very lightly. In fact, they are usually calculated to several decimal places in a room full of financial vultures, political hawks and public relations wizards before they ever see the light of day."

Monetary Psy-Ops With a "Twist" -

Wed, 06/22/2011 - 12:24 | 1392109 buzzsaw99
buzzsaw99's picture

Billy wants a bond crash so bad but he isn't going to get it.

Wed, 06/22/2011 - 12:27 | 1392125 T-roll
T-roll's picture

I'm thinking the same thing. Hasn't he heard that you shouldn't fight the Fed????

Wed, 06/22/2011 - 12:49 | 1392153 buzzsaw99
buzzsaw99's picture

he is clearly trying to spook people who don't know how it works out of the bond market. Why would I sell my bonds if I knew QE3 or OT2 was coming? How does it feel to be on the wrong side of the trade (and the fed) Billy Boy?

Wed, 06/22/2011 - 13:19 | 1392295 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Who cares?

The real question here should be, "Where will the Bernank and the other bankers be staying/meeting/fishing/hiking and what kind of security detail will they have with them during those activities?"

That's some wild country, so the sight of a guy with a .308 wouldn't be shocking - at least not like it would be in D.C. or N.Y. 

Just sayin'.

They appear quite exposed:


Wed, 06/22/2011 - 13:47 | 1392388 yogibear
yogibear's picture

With QE3 we should see commodities (oil, food) just go ballistic this time. It will cause global riots.

Wed, 06/22/2011 - 16:34 | 1393067 tony bonn
tony bonn's picture

hint my fat ass....qe4 is already announced....and i'll be damned what would anyone buy - the fed already owns everything out there....

fuck the fed.

Wed, 06/22/2011 - 18:01 | 1393313 robertocarlos
robertocarlos's picture

Does drawn and quartered mean Bill gets his likeness engraved on the new quarter?

Do NOT follow this link or you will be banned from the site!