Complete QE2 Cheat Sheet

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Thu, 03/10/2011 - 21:26 | 1038997 davepowers
davepowers's picture

shorthand version

reserves up $300bn in five weeks, covering the lion's share of $125bn in SFP payoff, $105 bn in QE2 purchases and roughly a $100bn in covering Treasury checks for govt. operations from the T's checking account.

A free lunch I'm sure, assuming you don't look at the bill.

Fri, 03/11/2011 - 00:57 | 1039563 chopper read
chopper read's picture

So, The Fed is doing 'QE2-and-then-some', and buying bonds from Primary Dealers (Goldman Sachs, JP Morgan, etc) more closely to their original auction dates from the Treasury (for a hefty profit to these 'Too Big To Fails' quicker than you can say "we're getting totally f*cked")?

Its sort of like that old game, 'Treasury Bond hot potato' (you know the one), where we (the taxpayer) are at the end of the line with super glue all over our collective blistering hands. ...good times!

Fri, 03/11/2011 - 02:57 | 1039808 OldPhart
Thu, 03/10/2011 - 21:42 | 1039047 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

My palm itches.

Thu, 03/10/2011 - 21:47 | 1039061 Long-John-Silver
Long-John-Silver's picture

My wallet has Bernak Rash

Fri, 03/11/2011 - 01:31 | 1039647 JW n FL
JW n FL's picture

No Worries!! InfiniTimmy!!! to the rescue!

Thu, 03/10/2011 - 21:53 | 1039081 Atomizer
Atomizer's picture

Another presentation gem Tyler. You never cease to amaze me. Keep up the good work. Get some rest, tomorrow is going to be a bitch. Winks.

Thu, 03/10/2011 - 21:59 | 1039099 Misean
Misean's picture

Something up for tomorrow?

Thu, 03/10/2011 - 22:06 | 1039114 FOC 1183
FOC 1183's picture

Day of mayhem

Thu, 03/10/2011 - 22:06 | 1039117 Long-John-Silver
Long-John-Silver's picture

You should know by now that strange things happen on Fridays.

Thu, 03/10/2011 - 22:11 | 1039131 Misean
Misean's picture

But it's not a thirteenth.

Fri, 03/11/2011 - 00:03 | 1039410 asdasmos
asdasmos's picture

Ides of March.

Thu, 03/10/2011 - 21:58 | 1039093 Misean
Misean's picture

Hmmmm. I'm thinking of getting into this Central Banking business. I'm pretty sure I can hit the button <Buy Everything> and select a printer from the <Funding Source> menu.

Thu, 03/10/2011 - 21:59 | 1039097 sabra1
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President Obama to Hold White House News Conference on Rising Oil Prices


Published March 10, 2011


WASHINGTON -- The White House says President Barack Obama will address rising oil and gasoline prices at a news conference on Friday.

Fuel prices have been rising amid continued turmoil in Libya, an oil-producing country. News that police opened fire to break up a protest Thursday afternoon in Saudi Arabia also has sparked fears that the unrest could spread to that country. Saudi Arabia is the world's largest oil exporter.

Oil prices soared $3 per barrel in just 12 minutes after the news broke in Saudi Arabia.

At the pump, gasoline is averaging $3.52 a gallon -- 41 cents more than last month.

Obama's news conference is scheduled for 11:15 a.m. Eastern time. It will be his second full news conference of the year.

Thu, 03/10/2011 - 22:11 | 1039128 Long-John-Silver
Long-John-Silver's picture

He's going to tell us that high gasoline and diesel fuel prices are good for us.

Obama Administration Policies Support High Gas Prices So People Will Buy More Fuel-Efficient Cars, Barbour Says Barbour says Obama cheers for higher gas prices

Thu, 03/10/2011 - 22:21 | 1039152 Atomizer
Atomizer's picture

I wonder if his teleprompter will bring up this funny & ignorant statement again.

Obama Insists Inflating Tires Better Than Oil Drilling 

Or maybe we should ban all black colored cars. The list goes on..

Thu, 03/10/2011 - 22:28 | 1039169 QQQBall
QQQBall's picture

Will It be held on the First or the Eighteenth Tee?

Fri, 03/11/2011 - 05:21 | 1039899 10kby2k
10kby2k's picture

O'Bommy is a wannabe baller, not a golfer. (I hear he sucks pretty bad on the court)

Thu, 03/10/2011 - 22:31 | 1039176 reader2010
reader2010's picture

Gas Cash Cards will be handed out strategically to buy the votes.

Fri, 03/11/2011 - 03:41 | 1039847 StychoKiller
StychoKiller's picture

Oooh, is he gonna shoot some oil Co. executives with the "spank ray?"  All Obamatron needs at this point is some oversized shoes and a red nose!

Thu, 03/10/2011 - 22:14 | 1039135 columbia1
columbia1's picture

Ben might be in for a big surprise very soon, the technicals are not looking good.

Thu, 03/10/2011 - 22:25 | 1039161 Misean
Misean's picture

They haven't been looking good since...oh...1998.

Thu, 03/10/2011 - 23:50 | 1039386 bunkermeatheadp...
bunkermeatheadprogeny's picture


Thu, 03/10/2011 - 22:27 | 1039163 gordengeko
gordengeko's picture


Nice TD.  Judging from news out of utah, QE3 or no QE3, silver and gold are going up.  BTFD!

Thu, 03/10/2011 - 22:28 | 1039166 QQQBall
QQQBall's picture

Those commissions go to the PDs for flipping to the FED???... $1/4 BILLION?

Thu, 03/10/2011 - 22:40 | 1039194 FOC 1183
FOC 1183's picture

Yep. Probably a half billion before it's over

Thu, 03/10/2011 - 22:42 | 1039200 Misean
Misean's picture

You say that like it's unearned.

Fri, 03/11/2011 - 01:41 | 1039669 ManOfBliss
ManOfBliss's picture


Thu, 03/10/2011 - 23:06 | 1039258 gigeze787
gigeze787's picture

Need to add a chart with change in value of top 10 commodities since inception of QE2...

Thu, 03/10/2011 - 23:14 | 1039277 bob_dabolina
bob_dabolina's picture

Tim Geithner sucks

Thu, 03/10/2011 - 23:21 | 1039298 Larry Darrell
Larry Darrell's picture

Tyler, this kind of financial porn is the reason I can't get enough of your site.

Thank you for this and all of your efforts.

BTW, do you know how I can get in on some of those commissions?  I'd settle for just 1% of the aggregate.

Thu, 03/10/2011 - 23:36 | 1039336 putbuyer
putbuyer's picture

It's funny that the Soros drones do not post on the technical posts.

They post on more social posts. 200 bucks

Thu, 03/10/2011 - 23:38 | 1039344 DeadFred
DeadFred's picture

A somewhat random POMO question.  When the fed prints up money buy bonds and tells the nice PDs to go buy stocks, when do they get to use the money, immediately or the next day when it settles?

Fri, 03/11/2011 - 03:39 | 1039845 zhandax
zhandax's picture

They are buying and selling billions of securities each day for settlements all over the calendar; billions more in repos and reverses; as long as it all nets out nice and pretty at EOM, who cares?  They didn't care about the discount window until the shit hit the fan (e.g. Goldman and Morgan becoming 'banks' in 2008).  That fat naked  credit line with its legs in the air looked pretty good when Lehman went tits up.

Fri, 03/11/2011 - 01:29 | 1039561 JW n FL
JW n FL's picture

$440,781,045,961.00 this is a SHIT number..


we need to think about is Wisconsin Union and the millions that the working man was just robbed of.. Thank God the Police (with Guns) did not suffer a hair cut.. just scumbags who collect garbage or others who offer no real protection of the Banking System thru use of Official Force.


What time does Danzig wiff da Starz come on again?


When is Jerry Springer on?


Come on, its in High Def!


Hey new Topic! Thread High Jack!! anyone here having a problem getting thier Food Stamps from J P Morgan???

Fri, 03/11/2011 - 02:43 | 1039789 TexDenim
TexDenim's picture

Ben must have forgotten to bring his wallet to work today........ES is slipping without his largess.

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