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Complete QE2 Cheat Sheet

Tyler Durden's picture


The chart that answers all pent up QE2-related questions: whether one wants to know the summary purchase statistics during the life of QE2, the cumulative market reaction, the monetary aggregate response, or seeks an answer to more occult topics such as variance around the Submitted-Accepted ratio, or weighted age of purchases, it can all be found here.

Courtesy of John Lohman


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Thu, 03/10/2011 - 21:26 | Link to Comment 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 | Link to Comment 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 | Link to Comment OldPhart
Thu, 03/10/2011 - 21:42 | Link to Comment Judge Judy Scheinlok
Judge Judy Scheinlok's picture

My palm itches.

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

My wallet has Bernak Rash

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

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

Thu, 03/10/2011 - 21:53 | Link to Comment 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 | Link to Comment Misean
Misean's picture

Something up for tomorrow?

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

Day of mayhem

Thu, 03/10/2011 - 22:06 | Link to Comment 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 | Link to Comment Misean
Misean's picture

But it's not a thirteenth.

Fri, 03/11/2011 - 00:03 | Link to Comment asdasmos
asdasmos's picture

Ides of March.

Thu, 03/10/2011 - 21:58 | Link to Comment 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 | Link to Comment sabra1
sabra1's picture
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 | Link to Comment 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 | Link to Comment 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 | Link to Comment QQQBall
QQQBall's picture

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

Fri, 03/11/2011 - 05:21 | Link to Comment 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 | Link to Comment reader2010
reader2010's picture

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

Fri, 03/11/2011 - 03:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment Misean
Misean's picture

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

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


Thu, 03/10/2011 - 22:27 | Link to Comment 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 | Link to Comment QQQBall
QQQBall's picture

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

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

Yep. Probably a half billion before it's over

Thu, 03/10/2011 - 22:42 | Link to Comment Misean
Misean's picture

You say that like it's unearned.

Fri, 03/11/2011 - 01:41 | Link to Comment ManOfBliss
ManOfBliss's picture


Thu, 03/10/2011 - 23:06 | Link to Comment 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 | Link to Comment bob_dabolina
bob_dabolina's picture

Tim Geithner sucks

Thu, 03/10/2011 - 23:21 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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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