David Rosenberg: "How Can There Not Be A QE3?"

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Mon, 07/11/2011 - 16:43 | 1445314 DiveGerl
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Right...just what we need right now, more QE.

Mon, 07/11/2011 - 16:47 | 1445329 oogs66
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We might not get qe3 because too many people realize qe2 did nothing for the real economy and the inflation hurt job growth more than any illusory wealth effect helped

Mon, 07/11/2011 - 16:51 | 1445348 mayhem_korner
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We might not get qe3 because too many people realize qe2 did nothing for the real economy

Take a quick poll of ten average joes on the street and ask them what they think of qe2 and you might rethink this.  They will answer in Babarino-esque "What?"

Mon, 07/11/2011 - 17:05 | 1445405 eureka
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Right O - and that's why QE3 is a political slam dunk - for without it, how is the US going to continue its favorite pursuits of national pump & pomp... DOW & EMPIRE...?

So, after some destruction in equities - right about now/Q3/11 - it's on with the ponzi i.e. the purely Symbolic Power - and then, for those in such frame of mind, it's time again to:

Bet On Stocks - Bet On Satan !

Mon, 07/11/2011 - 17:18 | 1445453 Robot Traders Mom
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@ mayhem-I'll bet "ten average joes on the street" don't even know what QE2 even was...

Mon, 07/11/2011 - 17:38 | 1445525 Ham Wallet
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QE2=Queen Elizabeth II to 99% of the population.

Mon, 07/11/2011 - 18:09 | 1445607 akak
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That is why we will never see QEIII anytime soon --- she hasn't been born yet!


(But when she is born, what an ugly monster she will be!)

Mon, 07/11/2011 - 18:13 | 1445620 knowless
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The vast majority are intimidated by the term "quantitative easing", let alone that there can be more than one of them. If it is discussed in the media it is only transitorily so, and never in enough depth to impart actual understanding, the only ones that know what it means are either directly involved in the financial community, or for whatever personal reasons have searched for why we are where we are and passed the gatekeepers of doubt/basic intelligence.


you're 100% right.

Mon, 07/11/2011 - 17:24 | 1445473 centerline
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J6P will cry for money to fall from the heaven's.  Doesnt know shit about QE this, TARP that, and so forth.  The Fed already laid the groundwork here by saying no more QE - UNLESS its autonomy was compromised or was forced to do so.  So... guess where the blame goes now?  Smooth.  J6P won't know what hit him until after it is too late.


Mon, 07/11/2011 - 18:29 | 1445662 Marty Rothbard
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They would probably think you were talking about the ship.  The Queen Elizabeth II.

Mon, 07/11/2011 - 16:55 | 1445365 Max Hunter
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Are you serious? dude... since when has logic/fundamentals hadanything to do with monetary (economic) policy.  They are trying to drive us into the ground son, or haven't you been paying attention.

Mon, 07/11/2011 - 17:02 | 1445395 john39
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yup.  all about power. collapse through rigging of monetary policy is the means.  fixing things was never in the cards...   instead, create mountains of debt, destroy the middle class, sow fear and choas while the global elite openly take full control and eliminate what you thought were your rights.  when it looks like the government is run by idiots, its only because you are looking at it wrong.  they are just playing their part.                    

Mon, 07/11/2011 - 17:51 | 1445556 MFL8240
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With so many countries in trouble, Japan, China, and all of Europe, who will buy all the upcoming US debt if not for QE3?

Mon, 07/11/2011 - 18:20 | 1445638 Peter_Griffin
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With so many countries in trouble, Japan, China, and all of Europe, who will buy all the upcoming US debt if not for QE3?


That's my question too.  Is it possible QE has let the fed buy up enough treasuries from banks, allowing for banks to step back up on treasury auctions?  Then once banks want more play money, BAM, qe3 frees up their dollars again?

That's my un-educated guess, but I would like to know the educated answer.

Mon, 07/11/2011 - 16:55 | 1445356 Shell Game
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It's not about what we need, it's about how TPTB trying for the status quo.

Mon, 07/11/2011 - 16:55 | 1445366 SMG
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The Bank of the Oligarchy (aka. Federal Reserve) has only one mandate.   Protect the Oligarchy's banks.  If you realize that and look back you can see the Bank of the Oligarchy has been really successful.

The banks are flush right now from QE2, and in my opinion, will be able to buy all sorts of things at a greatly discounted price, from this upcoming deflationary period.  Then QE3, and goodbye dollar.

Mon, 07/11/2011 - 16:44 | 1445320 youngman
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Tomorrow will be telling with the first of the bond auctions......WITHOUT the Fed...supposedly...at least that is what they said...quite exciting actually...I think I have a tingle up my leg....

Mon, 07/11/2011 - 16:57 | 1445373 HpDeskjet
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10y Treasury rates have dropped 25bp since the end of QE2... Stopping QE is not bad for bonds, its bad for equities

Mon, 07/11/2011 - 16:45 | 1445321 Transitory Disi...
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"How Can There Not Be A QE3?"

When it is QE2.5

Mon, 07/11/2011 - 16:55 | 1445364 Mae Kadoodie
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How can we not eat our peas?

Mon, 07/11/2011 - 17:11 | 1445429 Janice
Janice's picture

"If you don't eat your peas, you can't have any pudding, how can you have any pudding if you don't eat your peas!"  "You! Yes, you! behind the bikesheds, stand still laddie!"

Mon, 07/11/2011 - 17:19 | 1445455 Shell Game
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All in all, we're all just peas in a pod?

Mon, 07/11/2011 - 18:00 | 1445575 Cheesy Bastard
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Open the pod bay doors Hal.

Mon, 07/11/2011 - 18:21 | 1445642 Cthonic
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I'm sorry, Dave. I'm afraid I can't do that.

Mon, 07/11/2011 - 18:29 | 1445657 knowless
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hi there!


eat your fucking peas.

Mon, 07/11/2011 - 16:46 | 1445327 Ignorance is bliss
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Even if the Fed. provides liquidity in the form of QE3 the Gov't needs to raise the debt ceiling in-order to borrow the money. We'll probably see an agreement sometime in the next 2 weeks at which time the Fed can start administering America's stimulus in the form of debt. Let's hope the system survives that long. looks like the patient is going into stimulus withdrawals.


Mon, 07/11/2011 - 17:18 | 1445454 eureka
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Is the Chair-Satan counting on Chinese Helicopters?

Mon, 07/11/2011 - 16:51 | 1445331 Waterfallsparkles
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Last POMO today and now they are worried after gunning the Market for the 2 weeks instead of Selling.

Mon, 07/11/2011 - 16:48 | 1445333 rdenner
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How can there be QE3 when we can not even get a debt ceiling increase passed with less than 2 weeks to go...


Things will continue... UNTIL THEY CAN'T!!!


Can't is getting a lot closer folks..



Mon, 07/11/2011 - 16:50 | 1445337 Leo Kolivakis
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Fiscal tightening in US increases the risk of deflation and pretty much ensures QE3. Bring on QE3 and let's have some fun trading scrap stocks:


Mon, 07/11/2011 - 16:58 | 1445383 Vic Vinegar
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Good point dude.  We are all going to need more Bennie Bux to maintain our current standard of living in the face of all this upcoming pea eating. 

Bring on QE3!

Mon, 07/11/2011 - 17:04 | 1445401 equity_momo
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You couple of donuts.

Mon, 07/11/2011 - 17:24 | 1445472 eureka
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Sweet! I am thirsty. Give me Vinegar.  :-)

Mon, 07/11/2011 - 17:34 | 1445512 Waterfallsparkles
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Did he say Pee or Pea.

Mon, 07/11/2011 - 21:36 | 1446214 gwar5
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Pea. As, in Obama's command that everyone should suck it up in this economy and "eat their peas".

Mon, 07/11/2011 - 17:22 | 1445463 fuu
fuu's picture

Back to posting in the comment threads? Better get your asbestos undies on Leo

Mon, 07/11/2011 - 19:46 | 1445919 akak
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"Undies"?  You have to be kidding!

Little leo the masochist is spanking his balls after posting here even as we speak.

It's about as much action below the belt as he is ever going to see:

"Hey baby, what do you say we go back to my place, and I show you my big fat Greek pension fund portfolio?"

Mon, 07/11/2011 - 23:41 | 1446642 fuu
fuu's picture

My bad.

Mon, 07/11/2011 - 17:25 | 1445484 Robot Traders Mom
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Leo, you are the Robot Trader of penny stocks. Congrats.

Mon, 07/11/2011 - 16:50 | 1445340 rdenner
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Also as pointed out above.. The fed is already involved in Stealth QE by reinvesting..... It isn't enough to boost the markets. But it is enough to keep a panic from setting in tomorrow on the bond auction...


Ole Bennie will be there with bells on, buying up the long end of the auction.



Mon, 07/11/2011 - 16:50 | 1445342 gorillaonyourback
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Mon, 07/11/2011 - 16:54 | 1445359 mayhem_korner
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It will be like the chronic gambler getting his bonus check delivered to his Vegas hotel.

Mon, 07/11/2011 - 16:58 | 1445347 plocequ1
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There will be a QE3. Now go home and get your shinebox

Mon, 07/11/2011 - 17:13 | 1445435 kito
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Mon, 07/11/2011 - 16:53 | 1445355 sabra1
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let's hope the fed  abolishes moodys, fitch & s&p before the debt ceiling increase. we wouldn't want a downgrade now, would we? 

Mon, 07/11/2011 - 17:00 | 1445391 knukles
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For all intents and purposes, the EU did that today.  Making them irrelevant with regard to ECB and other EU official financial activities.

Watch.  Without those independent, conflicted, corrupted ratings agencies, the EU'll have to fill the viod that've created, setting up an official governmental agency which will be totally independent, uncorrupted, objective and non-politically oriented.

Fuckin' AAA, man.

Mon, 07/11/2011 - 17:27 | 1445486 centerline
centerline's picture

The Ministry of Ratings.


Sends shivers down my spine.    

Mon, 07/11/2011 - 16:54 | 1445360 dumpster
dumpster's picture

unemployment 9.2 while aall th4e headlines are now 16.3..


rosenberg is a tweb

Mon, 07/11/2011 - 16:54 | 1445362 Waterfallsparkles
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Tarp, Traders on Pot.  QE1 Traders on Crystal Meth.  QE2 Traders on Direct Inter venous injections of Heroin.

Time for Rehab and no one wants to give up their FREE Drugs and their HIGH.

Mon, 07/11/2011 - 18:35 | 1445693 knowless
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I'll quit drinking the second how hard I work translates to how much I make.

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