Did Former Richmond Fed President Broaddus Just Give The Go Ahead For QE3?

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Thu, 06/23/2011 - 12:09 | 1395157 slow_roast
slow_roast's picture

He's retireded.  Bill Gross has his lips to the Fed's.  I'll stick with Gross.

Thu, 06/23/2011 - 12:17 | 1395230 camaro68ss
camaro68ss's picture

We need 2 weeks of stock market distrution before the bernake makes QE3

Thu, 06/23/2011 - 12:28 | 1395274 spiral_eyes
spiral_eyes's picture

broaddus, bitchez

 

http://www.youtube.com/watch?v=o6TUhx2wX0M

 

"if you believe qe infinity will work, you gotta be sippin' on gin + juice"

 

"with my mind on my money, and my money on my mind"

Thu, 06/23/2011 - 21:33 | 1397239 cranky-old-geezer
cranky-old-geezer's picture

"if you believe qe infinity will work, you gotta be sippin' on gin + juice"

Yes, QE is woking as planned. 

Most people just don't understand the (real) plan.

Thu, 06/23/2011 - 12:30 | 1395283 SparkySC
SparkySC's picture

QE Trillion-plus4 won't do squat. This isn't a fix, it's a waste of time.

How about tearing down the Multitude of Ponzi's that surround everyday life in the USA and around the globe. Break them up, let the pain be released and then let the building of a better tomorrow begin. 

 

If you don't take they pain, you'll never have actual gains in the future.

 

Sorry there IS NOT A PAIN-FREE ANSWER FOR ANY CLASS OF PEOPLE.

However more pain will undoubtedly hit the poor middle class unless they revolt.

 

Then the pain may be felt more to the upper-crusties!

 

LOL

 

 

Thu, 06/23/2011 - 12:31 | 1395315 painequalschange
painequalschange's picture

A wise man once said, "Pain equals change"

People will not change their ways unless they feel the pain.

Thu, 06/23/2011 - 13:30 | 1395530 Djirk
Djirk's picture

just change the way the CPI is measured....solved, next

Thu, 06/23/2011 - 13:51 | 1395600 flacon
flacon's picture

"People change when the pain of staying the same is greater than the pain of change"

Fri, 06/24/2011 - 00:38 | 1397575 Thomas
Thomas's picture

"It's only through pain that we can achieve suffering."

Thu, 06/23/2011 - 12:49 | 1395389 earlthepearl
earlthepearl's picture

2 weeks? no
2 months? yes

Thu, 06/23/2011 - 12:28 | 1395277 quintago
quintago's picture

There is no more good news. The market is toast.

Thu, 06/23/2011 - 12:53 | 1395387 oogs66
oogs66's picture

the hedge funds that pay his consulting fees also write his speeches

Thu, 06/23/2011 - 12:05 | 1395158 buzzsaw99
buzzsaw99's picture

bloomie has been pumping the QE3 for awhile now.

Thu, 06/23/2011 - 12:06 | 1395159 Cognitive Dissonance
Cognitive Dissonance's picture

Time to panic.

You have Ben's permission.

Thu, 06/23/2011 - 12:16 | 1395203 mayhem_korner
mayhem_korner's picture

Just traded in a stack of FRNs for some shiny new PMs.  My silver stack is higher than my baseball cards now.

:D

Thu, 06/23/2011 - 12:20 | 1395254 Cognitive Dissonance
Cognitive Dissonance's picture

I always feel a little "screw you" thrill deep down in my loins when I make my monthly PM purchase. 

Wow, this morning's release was particularly rewarding. :>)

Thu, 06/23/2011 - 13:50 | 1395618 Nate Taggart
Nate Taggart's picture

Much more rewarding than a handle of rum...  At least the next morning.

Thu, 06/23/2011 - 17:08 | 1396538 Sokhmate
Sokhmate's picture

do you recommend an online source to buy PMs with minimal markup? thanks.

Thu, 06/23/2011 - 12:09 | 1395161 swissaustrian
swissaustrian's picture

So DISinflation is not transitory?

Thu, 06/23/2011 - 12:17 | 1395206 mayhem_korner
mayhem_korner's picture

And inflation is distransitory.

Thu, 06/23/2011 - 12:26 | 1395266 wandstrasse
wandstrasse's picture

Disflation is intrinsic.

Thu, 06/23/2011 - 18:04 | 1396742 blindfaith
blindfaith's picture

so what the hell does this idiotic statement mean???

  • BROADDUS SAYS FED UNDERSTANDING OF INFLATION HAS IMPROVED
  •  

    Gosh, we're happy to hear that.

    Thu, 06/23/2011 - 12:26 | 1395285 augie
    augie's picture

    While we are on the subject of distransitory inflation, I was just wondering if anyone could elucidate me on the "Calvin" reference in the original post by tyler. 

    Thu, 06/23/2011 - 13:07 | 1395364 wandstrasse
    wandstrasse's picture

    Snoop Dogg's former profession was central banker?? All rappers were criminals before they became rappers... but THAT criminal... ouch!

    Thu, 06/23/2011 - 14:42 | 1395813 Bob Paulson
    Bob Paulson's picture

    google "calvin+broadus"

    Thu, 06/23/2011 - 12:19 | 1395221 Cdad
    Cdad's picture

    Nope...not transitory.  Criminal syndicate Wall Street banker retardation is not transitory, either.  

     

     

    Thu, 06/23/2011 - 12:07 | 1395172 dasein211
    dasein211's picture

    Benocide Bitchez!!!

    Thu, 06/23/2011 - 12:34 | 1395180 plocequ1
    plocequ1's picture

    Gee, I dont know, did he?  Im an intrigued and concerned educated scholar . In the meantime, BTFD!!

    Thu, 06/23/2011 - 12:08 | 1395183 SignsAndWonders
    SignsAndWonders's picture

    Disinflation meaning falling stock prices, obviously

    Thu, 06/23/2011 - 12:37 | 1395335 spooz
    spooz's picture

    Yeah, and the vix SOARING above 20.  Ho-hum.

    Thu, 06/23/2011 - 12:13 | 1395184 lettuce
    lettuce's picture

    loving the snoop dogg reference here and i hope that more than 5% of people get it without googling it!

    Thu, 06/23/2011 - 12:14 | 1395217 aheady
    aheady's picture

    Give me a large break.

    Thu, 06/23/2011 - 12:27 | 1395268 Shell Game
    Shell Game's picture

    fo shizzle

    Thu, 06/23/2011 - 12:28 | 1395275 TempFlashback
    TempFlashback's picture

    Thinking the same thing. Count me towards the five percent.

    Thu, 06/23/2011 - 12:29 | 1395278 GeneMarchbanks
    GeneMarchbanks's picture

    Calvin Broadus = Snoop Dogg. BTW nobody over 30 will even try to google anything like this. Good to see Tyler being playful just as the shitstorm hits.

    Thu, 06/23/2011 - 12:30 | 1395310 Cognitive Dissonance
    Cognitive Dissonance's picture

    I resemble that.

    It's actually a little scary that I understood the reference and I'm well over 50. Then again Zero Hedge has taught me everything I know and Tyler has used the reference before.

    TGFT (Thank God For Tyler)

    Thu, 06/23/2011 - 12:45 | 1395350 GeneMarchbanks
    GeneMarchbanks's picture

    I stand corrected. CD you're a rare breed. I send much virtual love your way.

    Thu, 06/23/2011 - 13:17 | 1395500 cougar_w
    cougar_w's picture

    ZH ain't taught you nuttin you dint already knowd. Any thing schooled ya wurnt all that.

    Sheet any buddy can be a banker, evar wun knowd dat. You jus gotta be a greedy fooker in love wit yer self.

    Thu, 06/23/2011 - 13:52 | 1395629 Cognitive Dissonance
    Cognitive Dissonance's picture

    Is that an Irish accent I detect?

    What part of Johannesburg are you from? :>)

    Thu, 06/23/2011 - 13:28 | 1395523 EB
    EB's picture

    Contemplating QEb52:

    And, guess who's running for mayor of Miami?  No really.

    What's that?  How many Supreme Court cases have you won.

    Thu, 06/23/2011 - 18:23 | 1396783 blindfaith
    blindfaith's picture

    well, considering how many in South Florida are not doing somekind of criminal activity, it may be an improvement.

    Dade, Broward, Palm Beach all about to loose US education funds for wide spread cheating on the f-cat.  Need some dope from a "doctor", S. Florida is the place to get it, but the governor won't allow prescription tracking.

    Shuuush, a 10% commission and you are in business, no questions asked in any language.

    Thu, 06/23/2011 - 12:29 | 1395282 cougar_w
    cougar_w's picture

    Don't get it, I wouldn't know what to Google if I had to.

    "Dog" has one "g" just so you know.

    Thu, 06/23/2011 - 12:31 | 1395313 aheady
    aheady's picture

    Thank you for that, Cougar.

    Thu, 06/23/2011 - 12:41 | 1395338 GeneMarchbanks
    GeneMarchbanks's picture

    Thanks old man. One "g" in "Dog" ... got it. 

    "Don't get it, I wouldn't know what to Google if I had to." ------------ Told ya so.

     

    Thu, 06/23/2011 - 13:37 | 1395569 cougar_w
    cougar_w's picture

    pwned

    Thu, 06/23/2011 - 13:01 | 1395423 lettuce
    lettuce's picture

    the extra 'g' is for gangsta

    Thu, 06/23/2011 - 15:50 | 1396255 Pez
    Pez's picture

    I'll see that on Jeopardy soon. "What is Gangsta, Alex."

    Thu, 06/23/2011 - 12:14 | 1395192 slow_roast
    slow_roast's picture

    The Fed couldn't come out the day after saying nothing of QE3 and announce QE3.  That makes no sense bitchez!

    Thu, 06/23/2011 - 12:16 | 1395198 DonnieD
    DonnieD's picture

    ...which is exactly why it's happening, bitchez!

    Thu, 06/23/2011 - 12:14 | 1395193 SecondComing
    SecondComing's picture

    "FED UNDERSTANDING OF INFLATION HAS IMPROVED."

    Really, is that using the Popperian hypothetico-deductive approach from a Keynesian theoretico-centric Weltanschuung? 

    Or is it just some more speculative, conjectural bullshit to cast the illusion that they understand what they do not understand?

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