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Fed Minutes Released: "Some FOMC Members Think QE3 Would Be Appropriate"
The only section that matters: "Some participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate and if inflation returned to relatively low levels after the effects of recent transitory shocks dissipated, it would be appropriate to provide additional monetary policy accommodation....A few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run." Translation: QE3?
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Was it ever doubted? I think not.
Gold to the fuckin' moon.
this is all to "transitory" for me
On a long enough timeline everything is transitory.
I think even the meaning of transitory is transitory at this point.
Yes, but then there's Chinese Helicoptors piloted by ChairSatan Bernank, spewing QE3 fiat on Banksters & PentaGun - just weeks after CHIMERIKA's CO-DEPENDENCE DAY.
Clever, I think I will Mike Barnicle or Doris Kearns Goodwin the remark.. Systemic risk and blowback.
Dow to the fuckin' moon
EVERYTHING TO THE MOON!
Oh wait, we don't launch space shuttles anymore. We'll have to borrow from China to the moon.
Up 20 points is 'to the moon'? Wow people are easily impressed these days.
I would assume he means that QE3 will lead to DOW to the moon...
Edit: And in reality do you really think that 20 points going up, in the world where everything is so highly over priced, isn't "to the moon" considering its pretty much all worthless? Hmmm. Another way to consider it.
Up 20 points is 'to the moon'? Wow people are easily impressed these days.
Don't you just love to watch the trial balloon process unfold?
"Do you smell that? I love the smell of hyperinflation in the morning!" Lt. Col. Ben "Kilgore" Bernanke
Air Cavalry FED style. http://tu.tv/videos/apocalypse-now-the-ride-of-the-valkyri
Charlie Dont Surf Bitchez!!
Noticed they don't use the expression "quantitative easing" anymore. Now it's monetary accomadation.
MA1
The rationalization(s) WILL BE found to justify more "easy money", because the "easy money" junkies demand it!
I expected news like this on a big down day, as a way to ramp the close. Just like the SPR news, too little, too early.
Just a BS stick save. Watch within 24 hours someone else from the FED will come out and fade this non-announcement.
Should I trade my gold for silver today? It is sitting at 42 to 1, my post from april is nagging in my ear
Here is my previous post
by Zedge Heroon Fri, 04/29/2011 - 15:59
#1221928
I traded some silver for gold yesterday at 33.5 to 1 at the local shop because lets face they are both great but silver is on a drunken sailor tear here and is due a little break. Either way the dollar is weak, but I do plan on trading my gold for silver if it goes back to 35-30 enviroment.
END POST- gold was 1570 that day high and silver at 48. today as you know 1570 and 36.50
I could gain 50 ounces of silver if I get 42 to 1 for that same gold today. I think silver could go back up to 50 easily. Tell me what you think Zero Hedgers? Silver or Gold? Is there another silver train coming in or what?
balance.. have some of everything..
if you can gain ground in silver.. thru gold.. gain ground.. if you can gain ground in gold thru silver.. gain ground.. as long as you are trading metal for metal that you physically have in your possession.. you are going to be fine.
There is not as much silver sitting as there is gold sitting and silver can purify water.. I could go on and on about silver but I wont.. suffice to say you are a winner either way! beat the system! for all the free metal you can gain from it!
Excellent! I was sitting on a bunch of cash, waiting for the moment to increase my gold investment, and now it has arrived.
Excellent! I was sitting on a bunch of cash, waiting for the moment to increase my gold investment, and now it has arrived.
So, you were waiting for gold to hit a new high before you decided to buy?
I just wanted my comment at the TOP of the page. There, done.
Suck my fucking golden ballz benny.
Id love to be wrong in buying gold , it is afterall , insurance. When i take out home insurance i dont want to get robbed. When i take out car insurance , i dont want to crash.
When i buy gold , i dont want to be right. But i cant see how i can be wrong. Clusterfuck Central.
Gold shmold I'm taking my last $300,000 in fiat blowing on strippers a BMW M5 and party until TSREALLYHTF ....
...and the algo's go wild. Woo-hoo!!!
No soup without raising the debt limit...
Right! Lets not count our chickens before the land for the farm has been bought! Too damn funny.
SheepDog, I told you QE3 is coming. Still time to change your mind and position yourself.
QE3 is coming? How so....whats the plan exactly? Whats the size? $2 trillion for extended equity crack party? All I see is 'we might have to consider additional stimulus'...how so? What does the Treasury like more, equities or bonds?
Position myself? LOL already did long ago! $11 silver and $400 gold. Go ahead Hedgeless, place your bets in the rigged casino to ride bubble stocks higher (maybe) while the only thing theyre denominated in is collapsing dollars, Im PERFECTLY happy with my floor safe full of gold and silver!
You are not denying that you have been absolutely adamant that there will be no QE3, are you?
Go easy. I am just giving you an opportunity to change horses before the race is over. That is all.
Fair field, clear course.
Youre 'giving me an opportuniy' to sit down at the rigged casino gambling tables and buy some bubble equities, and the assumption that the central banksters are looking out for ME? Wow THANKS!
And BTW what I always said was QE3 wont be what you expect! Certainly wont be QE1 when everyone was giddy with 'Hope and Change' and 'Yes We Can!' and all that garbage, we're at the endgame some can see it and some cant.
'Fair field, clear course'....so its all just a straight up non rigged card game? Cool! Hey go all in for your priced-in gains man go for it!
At this point, the belief system for the person prevails, and you're either in one camp of beliefs or the other. If one does not come up with a similar conclusion from the same material, the person is unlikely to ever (until the event happens).
I'd hedge my bets accordingly. Belief that the system is going to right itself, and eventually we'll unteeter ourselves (and everyone else in the world) back off of the brink? What the would necessarily do that? I'd say you'd need an event that is going to shake absolutely everything up, and people will have to start over. The game is up clearly.
QE3 will collapse the market SheepDog so dont worry about the same old QE pump helping markets.
If i recall , lowering rates in 07 thru 08 didnt do alot of good. Well , QE isnt a panacea for nominal gains either. Thats the dynamic that will catch people out. One QE too many and too soon and the faith in the system collapses.
I think theyll be very lucky just to maintain levels, and doubt they can even do that. Its now clear the gig is up with the admission 'QE does not work, so more QE', only a matter of time days weeks months, but the Great Experiment is already over.
As seen in that one guest post the other day. I'm not so convinced that will be the end. The assumption that "well now they'll clearly see the logic if they say QE doesn't work, so more QE" is just not founded. They'll continue to take money away and devalue everybody's currency and they'll just blame the corporations and everyone else around.
There is no question in my mind, when the system collapses its not like everybody is going to wake up the next day and everybody will have the right people in mind to blame. They'll just blame who they have always thought were the culprits. ITS BECAUSE THE RICH DIDN"T PAY TAXESSSS RAR RAR RARRRR.
lol, shocking I say, SHOCKING!
Translation is destroy the DOLLAR
ACCOMMODATE the financial dick in the middle-class taxpayer ass.
Tranzfer of wealth bitchezz
ROFL! Because Qe1 and Qe2 were so effective, we'll roll out the same tired act.
When your only tool is a hammer....
Or when your only leader is a tool...
Obama had nothing to do with this collapse. He did not do enough in the recovery but politically there was headwind. More Keynes and less animal spirits would have been better.
U may be a little confused...this is ZH (where politicians of both stripes are presumed criminals until proven otherwise)...MSNBC's site to pay homage to the left is down the street on the left. Enjoy.
i hope they all get hammeroids!
And its first corollary: If it doesn't work the first (or second) time, then just get a bigger hammer ... so now they'll be driving finishing nails with a wrecking ball.
Hit 'em all in the fuckin' head! Keep it up, until all are dead.
Even though nothing in today's news is a surprise, it still is maddening to watch it all unfold.
Well, at least it keeps my dentist in business. "Why no, I don't grind my teeth, I just keep my jaw firmly clenched at all times."
But hey, at least I can leverage my medical insurance to buy PMs. (I'm getting a new gold molar in an hour!)
Right, the Bankstas had so much fun with the QE's, they just have to do more of them!
shocked I say, shocked. These people actually get paid? They should stay away from the Treasury auctions for several months. That'll settle the woulda coulda shoulda debate quite effectively.
Excellent plan. The last two rounds worked out great for reducing unemployment.
My PMs are saying "go for it."
Mine are yelling that they want a few more brothers and sisters :)
let me bet on of the members is Gaddafi?
http://www.youtube.com/watch?v=JNDcuVMnFbc
yes but unfortunately for the Fed's The price of oil ain't coming down...
Which is why no more QE until we've had a much bigger sell-off = sell this jump...
Problem is, any meaningfull market sell-off will cause already skittish 401K bathrobe brigades to place sell orders into an empty market causing an uncontrollable real collapse! They cant let anything fall more than a few % from here. So now we see QE printfests as a regular scheduled semi anual economic event? This is ridiculous.
Exactly - the appropriate term is a critical steady state, or maybe juggling nitro-glycerine?
We are reaching an end game where they need various mutually exclusive events to be happening at the same time (low bond yields, high risk assets, low oil prices, low inflation, etc etc) that can only be achieved through constant manipulation of the markets and we are way beyond the limits of conventional monetary policy.
Don't forget Europe. Americans must commit suicide to save the Euro.
http://lhmarketwatch.blogspot.com/2011/06/qe3.html
YEA lets keep doing whats already been a proven total failure...nevermind thats the very definition of insanity....ITS ALL WE GOT!
Well it's clear the banks want QE3.
That's the best reason for not doing it.
must... keep... the ponzi... alive...
About a month early is it not. This is beyond words all. Yup, 1 and 2 did great for us so lets keep it up with QE3.
How is that hope and change working out for ya Bernank.
This 'news' will now strategically flip flop about 50 times over the next few weeks....churn and burn baby!
Market just got a boner!
Jayzus... if they do that Gold 5000 and silver 500 before end of month.
We need to put the training wheels back on the tricycle.
There is no limit to insanity!
No wonder the market juiced just now.
Adios dollar if this happens.
Hello $8 gas, and $2,000 gold by August!
8 Dollar gas is satisfactory as long as the gold outruns the increase. One coin can keep both of our cars full each year.
But not so much for the avg public, $120 fill ups will kick off riots.
Someone frontran this !
Check out the spikes in the price and volume of August Gold prior to release of FOMC minutes.
Leaking govt economic data beforehand would never happen in America!!!
There is no limit to insanity!
like a predictable sitcom and the market is the laugh track.
A-hahahahaha !
O-hohohohoho !
Bernanke Buddies is filmed in front of a live studio audience
(Well, as "live" as a bunch of zombies can be, at any rate...) :>D
God as my witness, I thought turkeys could fly.
PIIGS can fly for short bursts during tornadoes and hurricanes.
The landing is messy, though.
Cue the music:
http://www.youtube.com/watch?v=GRzf2qh2lTE
lol and the ES jumps
And about a half hour after market close, someone will come out with a statement contrary to this.
It is simple
the money printer will continue to print money, that is all he knows.
Worldwide Benocide
Fine with me. I'll watch gold booster rocket higher while riots break out at the $8 gas pumps. Should be fun!
Have y'all seen these vids (below)? … Nearly 3 hours worth (0.97 GB). ….. but wow, they're like, totally far-out!
YouTube - Change is on the Horizon Part 1 of 3 Dawn of the Golden Age
http://www.youtube.com/watch?v=9k4Egwc1_DM
YouTube - Change is on the Horizon Part 2 of 3 The American Federal Empire
http://www.youtube.com/watch?v=ImefSYpySwA
YouTube - Change is on the Horizon Part 3 of 3 The Farmer Claims Program
http://www.youtube.com/watch?v=gOPIgNB-hGY
Hold on tight. Mouth moving as market propels. You have really got to be fucking kidding me...right?
it seems to me that the ONLY Fed mandate is to make the USD completely worthless.
The purpose of a system is what it does!
Wonder if this has anything to do with that pop in gold about 20 minutes ago. Nah...just those damn speculators!
All the more reason to not raise the debt ceiling. These guys at the FOMC are insane.
And as usual, the market's first response is the wrong response...as the minutes confirm that QE3 CANNOT commence until such time as prices are lower.
I'm starting to think that ALL bankers and their algorithms are mentally retarded...which is probably an insult to mentally retarded people all over the world.
Cdad, its like a bad movie, everything just Pavlovian reflexes in slack jawed drooling full retard mode....wheres the PANIC for QE3? Wheres the market plunge? Nevermind all that...we just want some damn FREE MONEY to appear and we want it NOW!!
No time for market collapse and 'panic the people' because this time the 401K bathrobe brigades would likely SELL and we cant have that in a dead-empty market and we're screwed so just HAND OVER THE FUKING MONEY RIGHT NOW!
<:P <---full retard
Until such time as this nation sheds tens of thousands of unproductive and criminal bankers from the system, the Greater American Depression will continue.
Bring on the $5 gallon of gas...that'll fix us...according to the just registered and mentally retarded backward response to the minutes. The market should have sold off on this release...and probably still will.
We should get together and share a meal, brother Dog. What kind of dog food do you prefer?
Right, until all these parasites are banished, the structure will just keep getting eaten away until total collapse. Im trying to get used to Chinese food myself, I think we'll bee seeing more of it soon. ;D
Dog,
We've seen some seriously stupid market action in the last couple years...but tell me...is it not the case that today's price action is literally the dumbest you've ever seen?
Oh, and to all mentally retarded people, I do extend sincere apologies for comparing you to bankers. Of course, people with mental retardation are born to their fate...as compared to bankers who make up steaming piles of nonsense day by freakin' day.
And if on cue...enter the sell bots shearing 3 points off of ---------> stupid.
True, its not very nice comparing mentally retarded people to these jackal parasites....Hedgeless Horseman just advised me I still have time to find religion and go long equities, I think I'll kindly decline, and just pick up some more ammo.
My apology is sincere.
Look...gasoline futures about to go parabolic. Great! I'm sure this will help the consumer discretionary group...which criminal syndicate Wall Street bankers are desperate to unload here at the top.
Better to set up a giant gas tank and buy wholesale, dog.
I'm done trying to figure out the logic behind this shit. I've heard of people talking out of both sides of their mouth, but to watch the markets do it is fucking boggling. The dow goes even more batshit during a day that already looks like a sine wave drawn by Michael J Fox freehand and oil rockets up by +2.00$
Fucking rabbit hole gets stranger by the day.
Great illusion while everyone thinks markets are 'way up', we're actually just sitting on a 6 month average.
You hush... pointing out things like that might stall the rally.
Full retard indeed.
<:p
Nah...the shares of banks are doing that all by themselves. Look at the meteors!
Somehow the 3rd time is a charm.
"It never ceases to surprise me at the infinite capacity of the human mind to resist the introduction of useful knowledge."
Thomas Raynesford Lounsbury
“We can't solve problems by using the same kind of thinking we used when we created them.” Albert Einstein
Permernant QE till the end of time.
Agreed.
Quantitative Easing Forever Quantitative Easing Forever:http://lhmarketwatch.blogspot.com/2011/04/quantitative-easing-forever.html
Even if so, nothing says equities or bonds will go UP much from here, I'd say the FED has a Herculean task just creating any kind of stability from here on. If they keep the QE debaucle going, theres NOTHING they can do about oil, food, PM's shooting up, and thats all there is to it.
Real gains in equities will be minimal- good luck guessing the NFLXs and LULUs, and gains will be nominal with an inverse relationship 1:1 to the dollar. US equities will not beat out precious metals and oil. But as the dollar loses value, it takes more dollars to invest in equities.
As for bonds, the US Treasurie is broke and their bonds are worthless. So what type of bonds will be sought? Corporate bonds. As rates go up on Treasuries, corporate rates will go down, and corporate bonds will sell at premium.
Who, I say who, could've seen this coming???
Rule #299: "After you've exploited someone, it never hurts to thank them. That way, it's easier to exploit them next time."
What they don't tell you is that a QE3 will not work and as soon as that one ends then they will need another and another until the Federal Debt is $20 trillion plus or interest rates are zero across the curve which means nothing has any value including stocks......This is all bogus as it won't increase real wages and incomes on a permanent basis and therefore is just more of the Ponzi....even this announcement within the minutes is geard to fake you out and steal your savings.
Its true not to mention the cost to finance the debt.
That said, I closed all my short trades on financials this morning and glad I did.
QE3 appropriate? Mhmm, just who would have thought?
Transitory shocks ftw
YAY MORE INFLATION BECAUSE WE CAN'T STOP A 600 TRILLION DOLLAR FRAUD FROM COLLAPSING KEEP PUMPING BERNAKE SO YOUR RICH FRIENDS CAN STAY RICH DONT LET THE MUSIC STOP CAUSE THEY AINT GOT NO MORE CHAIRS TO SIT ON.
QE1: did not work
QE2: did not work
QE3: ???
More reason to abandon the US dollar.
Come on! It'll work!
Third time's a charm, ain't it?!
Yea like the lube used by people who cannot get the female sufficiently wet.
QE3: Profit
"Insanity: doing the same thing over and over again and expecting different results."
Albert Einstein
“We can't solve problems by using the same kind of thinking we used when we created them.” Albert Einstein
Nevermind all that, central bankster pirates just hit a huge ink pocket off the coast of Brazil!
These Fed fuck-tards don't/can't "think". They are "programmed,that's why they have their jobs.
futures go from down 20 to up 6 on ecb/china and then fed....yeah, the economy is working on its own
Translation: buy Russel 2000.
Translation- Hold gold.
Translation : Gold(95%), play money in stocks (5%)
and QE 1 AND 2 did what for the people???
Push up food and energy prices. Any other questions?
Yes, they are pretty retarded.
QueasyEasy3... squeeze it on your burrito.
Buy and stock up on Vasoline.
Enough with the Stimulus ..... Viagra Nation !
Gives new definition to the phrase "like clockwork" doesn't it?
Know your role, that's what it's all about. Soon it'll just be Hoenig all lonesome, crying on his cock shaped pillow night after night.
Now where are those "NO QE" fearmongers, telling everyone to short stocks ?
I never said to do anything with stocks, I said keep away from them. Now with this little squeek from the FED, youve got QE3 in pocket? Gee really...so what form did it take? Free Hefty bags of crack rocks for equity party to continue on as everyone believes? Counting your chickens before the farm is bought....
We're facing near a $2T this year and most certainly that next year and they can't even get an agreement to cut $4T over 10 years..... over 10 years. So why exactly are people shocked when they consider more printing??? If they can't even cut that pittance, there's no alternative but to print. It's astounding so many can't see this as the only option left. Everyone acknowledges they lack the political balls to cut what's needed, raise taxes, or both....yet refuse then to acknowledge that the only option left is to print. Gold is going much, much higher before this is over. Bank on it.
What the fuck are these jackasses thinking about?
Right in time for the european implosion.
No wonder the stock market just took off.
Big deal, DOW's up 50. And apprently the markets didnt read this release, which says 'no QE until far lower'....wheres the far lower part? Just knee-jerk up?
test..
Who would have thought? No one anticipated this! I can think of a couple of Princeton economists who probably just had a diurnal emission!
debt limit increase then QE3 it baby!!!
SO...they didn't even bother to give it a new name? tsk...tsk...
Why is this news?..and why is does this indicate that more QE is in the offing? The three Fed members, who have maintained ALL ALONG that all out debt monitization is the way, make a subtle note in an FOMC meeting. Wow, changes everything.
Yea, big deal. The FED members who have always said 'QE' now say perhaps they agree with more QE....macro picture, anyone??
Debt limit gets raised ... rescue all of EU through IMF bailout ... QE3 the US. That should get us through September.