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Fed Minutes Released: "Some FOMC Members Think QE3 Would Be Appropriate"

Tyler Durden's picture




 

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?

 

Fed Minutes

 

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Tue, 07/12/2011 - 14:08 | 1448483 ads56
ads56's picture

Was it ever doubted? I think not.

Tue, 07/12/2011 - 14:16 | 1448562 TheTmfreak
TheTmfreak's picture

Gold to the fuckin' moon.

Tue, 07/12/2011 - 14:19 | 1448594 camaro68ss
camaro68ss's picture

this is all to "transitory" for me

Tue, 07/12/2011 - 14:25 | 1448630 Fedophile
Fedophile's picture

On a long enough timeline everything is transitory.

Tue, 07/12/2011 - 14:30 | 1448673 TheTmfreak
TheTmfreak's picture

I think even the meaning of transitory is transitory at this point.

Tue, 07/12/2011 - 15:10 | 1448894 eureka
eureka's picture

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.

Tue, 07/12/2011 - 19:03 | 1449807 highwaytoserfdom
highwaytoserfdom's picture

Clever,  I think I will Mike Barnicle or Doris Kearns Goodwin the remark..    Systemic risk and blowback. 

Tue, 07/12/2011 - 14:33 | 1448688 cosmictrainwreck
cosmictrainwreck's picture

Dow to the fuckin' moon

Tue, 07/12/2011 - 14:35 | 1448703 TheTmfreak
TheTmfreak's picture

EVERYTHING TO THE MOON!

Oh wait, we don't launch space shuttles anymore. We'll have to borrow from China to the moon.

Tue, 07/12/2011 - 14:52 | 1448806 SheepDog-One
SheepDog-One's picture

Up 20 points is 'to the moon'? Wow people are easily impressed these days. 

Tue, 07/12/2011 - 14:58 | 1448830 TheTmfreak
TheTmfreak's picture

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.

Tue, 07/12/2011 - 15:00 | 1448839 SheepDog-One
SheepDog-One's picture

Up 20 points is 'to the moon'? Wow people are easily impressed these days. 

Tue, 07/12/2011 - 14:16 | 1448572 franzpick
franzpick's picture

Don't you just love to watch the trial balloon process unfold?

Tue, 07/12/2011 - 14:35 | 1448685 FEDbuster
FEDbuster's picture

"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

Tue, 07/12/2011 - 15:28 | 1448999 JW n FL
JW n FL's picture

Charlie Dont Surf Bitchez!!

Tue, 07/12/2011 - 18:37 | 1449759 Raymond Reason
Raymond Reason's picture

Noticed they don't use the expression "quantitative easing" anymore.  Now it's monetary accomadation.

MA1

 

 

Wed, 07/13/2011 - 05:13 | 1450849 StychoKiller
StychoKiller's picture

The rationalization(s) WILL BE found to justify more "easy money", because the "easy money" junkies demand it!

Tue, 07/12/2011 - 14:23 | 1448617 duo
duo's picture

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.

Tue, 07/12/2011 - 14:44 | 1448760 SheepDog-One
SheepDog-One's picture

Just a BS stick save. Watch within 24 hours someone else from the FED will come out and fade this non-announcement.

Tue, 07/12/2011 - 15:16 | 1448903 Zedge Hero
Zedge Hero's picture

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 Hero
on 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?

Tue, 07/12/2011 - 15:44 | 1449100 JW n FL
JW n FL's picture

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!

Tue, 07/12/2011 - 14:50 | 1448790 midtowng
midtowng's picture

Excellent! I was sitting on a bunch of cash, waiting for the moment to increase my gold investment, and now it has arrived.

Tue, 07/12/2011 - 14:51 | 1448800 midtowng
midtowng's picture

Excellent! I was sitting on a bunch of cash, waiting for the moment to increase my gold investment, and now it has arrived.

Tue, 07/12/2011 - 16:03 | 1449187 WonderDawg
WonderDawg's picture

So, you were waiting for gold to hit a new high before you decided to buy?

Tue, 07/12/2011 - 14:56 | 1448824 fonestar
fonestar's picture

I just wanted my comment at the TOP of the page.  There, done.

Tue, 07/12/2011 - 15:06 | 1448873 equity_momo
equity_momo's picture

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.

Tue, 07/12/2011 - 15:41 | 1449076 RaymondKHessel
RaymondKHessel's picture

Gold shmold I'm taking my last $300,000 in fiat blowing on strippers a BMW M5 and party until TSREALLYHTF ....

Tue, 07/12/2011 - 14:09 | 1448491 Sofa King
Sofa King's picture

...and the algo's go wild.  Woo-hoo!!!

Tue, 07/12/2011 - 14:10 | 1448494 carbonmutant
carbonmutant's picture

No soup without raising the debt limit...

Tue, 07/12/2011 - 14:16 | 1448565 SheepDog-One
SheepDog-One's picture

Right! Lets not count our chickens before the land for the farm has been bought! Too damn funny.

Tue, 07/12/2011 - 14:25 | 1448637 hedgeless_horseman
hedgeless_horseman's picture

the Committee might have to consider providing additional monetary policy stimulus

SheepDog, I told you QE3 is coming.  Still time to change your mind and position yourself.

Tue, 07/12/2011 - 14:47 | 1448752 SheepDog-One
SheepDog-One's picture

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!

Tue, 07/12/2011 - 14:57 | 1448829 hedgeless_horseman
hedgeless_horseman's picture

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.

Tue, 07/12/2011 - 15:05 | 1448847 SheepDog-One
SheepDog-One's picture

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!

Tue, 07/12/2011 - 15:08 | 1448882 TheTmfreak
TheTmfreak's picture

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.

Tue, 07/12/2011 - 15:13 | 1448912 equity_momo
equity_momo's picture

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.

Tue, 07/12/2011 - 15:21 | 1448963 SheepDog-One
SheepDog-One's picture

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.

Tue, 07/12/2011 - 15:34 | 1449036 TheTmfreak
TheTmfreak's picture

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.

Tue, 07/12/2011 - 14:10 | 1448495 redpill
redpill's picture

lol, shocking I say, SHOCKING!

Tue, 07/12/2011 - 14:09 | 1448500 The Axe
The Axe's picture

Translation  is   destroy the DOLLAR

Tue, 07/12/2011 - 14:22 | 1448604 Cash_is_Trash
Cash_is_Trash's picture

ACCOMMODATE the financial dick in the middle-class taxpayer ass.

Tranzfer of wealth bitchezz

Tue, 07/12/2011 - 14:10 | 1448503 101 years and c...
101 years and counting's picture

ROFL! Because Qe1 and Qe2 were so effective, we'll roll out the same tired act.

 

Tue, 07/12/2011 - 14:11 | 1448512 redpill
redpill's picture

When your only tool is a hammer....

Tue, 07/12/2011 - 14:22 | 1448611 dracos_ghost
dracos_ghost's picture

When your only tool is a hammer....

 

Or when your only leader is a tool...

Tue, 07/12/2011 - 14:32 | 1448687 oldmanagain
oldmanagain's picture

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.

Tue, 07/12/2011 - 15:04 | 1448864 hambone
hambone's picture

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.

Tue, 07/12/2011 - 14:27 | 1448649 sabra1
sabra1's picture

i hope they all get hammeroids!

Tue, 07/12/2011 - 14:36 | 1448715 Liquid Courage
Liquid Courage's picture

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.

Tue, 07/12/2011 - 14:55 | 1448811 NotApplicable
NotApplicable's picture

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!)

Tue, 07/12/2011 - 15:06 | 1448872 MolotovCockhead
MolotovCockhead's picture

Right, the Bankstas had so much fun with the QE's, they just have to do more of them!

Tue, 07/12/2011 - 14:10 | 1448506 Stuart
Stuart's picture

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.

Tue, 07/12/2011 - 14:11 | 1448509 morph
morph's picture

Excellent plan. The last two rounds worked out great for reducing unemployment.

Tue, 07/12/2011 - 14:28 | 1448655 mayhem_korner
mayhem_korner's picture

My PMs are saying "go for it."

Tue, 07/12/2011 - 16:00 | 1449171 Sudden Debt
Sudden Debt's picture

Mine are yelling that they want a few more brothers and sisters :)

 

Tue, 07/12/2011 - 14:11 | 1448511 ItFarmer
ItFarmer's picture

let me bet on of the members is Gaddafi?

 

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

Tue, 07/12/2011 - 14:11 | 1448516 Archimedes
Archimedes's picture

yes but unfortunately for the Fed's The price of oil ain't coming down...

Tue, 07/12/2011 - 14:31 | 1448681 A Man without Q...
A Man without Qualities's picture

Which is why no more QE until we've had a much bigger sell-off = sell this jump...

Tue, 07/12/2011 - 14:39 | 1448733 SheepDog-One
SheepDog-One's picture

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.

Tue, 07/12/2011 - 14:47 | 1448773 A Man without Q...
A Man without Qualities's picture

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.

Tue, 07/12/2011 - 15:00 | 1448843 macholatte
macholatte's picture

 ...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...

Don't forget Europe. Americans must commit suicide to save the Euro.

Tue, 07/12/2011 - 15:17 | 1448519 Mr Lennon Hendrix
Mr Lennon Hendrix's picture
QE3

Here comes the big one.  Analysts are choosing sides as if this is a financial war.  We need it to keep the economy on track.  We do not because it would be too much.  It is helping and working.  It is a sugar high.  But enough of all this noise, all that matters is Bernanke's policy....

QE3:

http://lhmarketwatch.blogspot.com/2011/06/qe3.html

Tue, 07/12/2011 - 14:13 | 1448521 SheepDog-One
SheepDog-One's picture

YEA lets keep doing whats already been a proven total failure...nevermind thats the very definition of insanity....ITS ALL WE GOT!

Tue, 07/12/2011 - 14:35 | 1448710 carbonmutant
carbonmutant's picture

Well it's clear the banks want QE3.

That's the best reason for not doing it.

Tue, 07/12/2011 - 14:12 | 1448527 greased up deaf guy
greased up deaf guy's picture

must... keep... the ponzi... alive...

Tue, 07/12/2011 - 14:12 | 1448530 monopoly
monopoly's picture

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.

Tue, 07/12/2011 - 14:17 | 1448579 SheepDog-One
SheepDog-One's picture

This 'news' will now strategically flip flop about 50 times over the next few weeks....churn and burn baby!

Tue, 07/12/2011 - 14:13 | 1448531 Marge N. Callz
Marge N. Callz's picture

Market just got a boner!

Tue, 07/12/2011 - 14:13 | 1448532 HungrySeagull
HungrySeagull's picture

Jayzus... if they do that Gold 5000 and silver 500 before end of month.

Tue, 07/12/2011 - 14:13 | 1448533 Atomizer
Atomizer's picture

We need to put the training wheels back on the tricycle.

Tue, 07/12/2011 - 14:13 | 1448534 jabba_67
jabba_67's picture

There is no limit to insanity!

Tue, 07/12/2011 - 14:13 | 1448535 Hedgetard55
Hedgetard55's picture

No wonder the market juiced just now.

 

Adios dollar if this happens.

Tue, 07/12/2011 - 14:14 | 1448542 SheepDog-One
SheepDog-One's picture

Hello $8 gas, and $2,000 gold by August!

Tue, 07/12/2011 - 14:18 | 1448582 HungrySeagull
HungrySeagull's picture

8 Dollar gas is satisfactory as long as the gold outruns the increase. One coin can keep both of our cars full each year.

Tue, 07/12/2011 - 14:36 | 1448714 SheepDog-One
SheepDog-One's picture

But not so much for the avg public, $120 fill ups will kick off riots.

Tue, 07/12/2011 - 14:13 | 1448537 Franken_Stein
Franken_Stein's picture

 

Someone frontran this !

 

Tue, 07/12/2011 - 14:41 | 1448712 AlaricBalth
AlaricBalth's picture

Check out the spikes in the price and volume of August Gold prior to release of FOMC minutes.

Tue, 07/12/2011 - 14:54 | 1448814 camoes
camoes's picture

Leaking govt economic data beforehand would never happen in America!!!

Tue, 07/12/2011 - 14:14 | 1448541 jabba_67
jabba_67's picture

There is no limit to insanity!

Tue, 07/12/2011 - 14:14 | 1448543 There is No Spoon
There is No Spoon's picture

like a predictable sitcom and the market is the laugh track.

Tue, 07/12/2011 - 14:16 | 1448569 Franken_Stein
Franken_Stein's picture

 

A-hahahahaha !

O-hohohohoho !

 

Tue, 07/12/2011 - 14:20 | 1448600 redpill
redpill's picture

Bernanke Buddies is filmed in front of a live studio audience

Wed, 07/13/2011 - 05:26 | 1450856 StychoKiller
StychoKiller's picture

(Well, as "live" as a bunch of zombies can be, at any rate...) :>D

Tue, 07/12/2011 - 14:47 | 1448770 aheady
aheady's picture

God as my witness, I thought turkeys could fly.

Tue, 07/12/2011 - 15:07 | 1448880 TruthInSunshine
TruthInSunshine's picture

PIIGS can fly for short bursts during tornadoes and hurricanes.

The landing is messy, though.

Tue, 07/12/2011 - 16:10 | 1449225 Zap Brannigan
Tue, 07/12/2011 - 14:14 | 1448547 Nedly66
Nedly66's picture

lol and the ES jumps

 

Tue, 07/12/2011 - 14:15 | 1448556 SheepDog-One
SheepDog-One's picture

And about a half hour after market close, someone will come out with a statement contrary to this.

Tue, 07/12/2011 - 14:15 | 1448557 baby_BLYTHE
baby_BLYTHE's picture

It is simple

the money printer will continue to print money, that is all he knows.

Worldwide Benocide

Tue, 07/12/2011 - 14:19 | 1448588 SheepDog-One
SheepDog-One's picture

Fine with me. I'll watch gold booster rocket higher while riots break out at the $8 gas pumps. Should be fun!

Tue, 07/12/2011 - 15:06 | 1448671 Goldilocks
Goldilocks's picture

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

Tue, 07/12/2011 - 14:15 | 1448561 jtmo3
jtmo3's picture

Hold on tight. Mouth moving as market propels. You have really got to be fucking kidding me...right?

Tue, 07/12/2011 - 14:16 | 1448566 alien-IQ
alien-IQ's picture

it seems to me that the ONLY Fed mandate is to make the USD completely worthless.

Wed, 07/13/2011 - 05:28 | 1450861 StychoKiller
StychoKiller's picture

The purpose of a system is what it does!

Tue, 07/12/2011 - 14:16 | 1448570 GtownSLV
GtownSLV's picture

Wonder if this has anything to do with that pop in gold about 20 minutes ago. Nah...just those damn speculators!

Tue, 07/12/2011 - 14:17 | 1448577 Everybodys All ...
Everybodys All American's picture

All the more reason to not raise the debt ceiling. These guys at the FOMC are insane.

Tue, 07/12/2011 - 14:18 | 1448583 Cdad
Cdad's picture

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.

 

Tue, 07/12/2011 - 14:23 | 1448602 SheepDog-One
SheepDog-One's picture

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

Tue, 07/12/2011 - 14:25 | 1448636 Cdad
Cdad's picture

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?

Tue, 07/12/2011 - 14:28 | 1448658 SheepDog-One
SheepDog-One's picture

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

Tue, 07/12/2011 - 14:35 | 1448705 Cdad
Cdad's picture

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.

Tue, 07/12/2011 - 14:50 | 1448793 SheepDog-One
SheepDog-One's picture

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.

Tue, 07/12/2011 - 14:56 | 1448823 Cdad
Cdad's picture

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.

 

Tue, 07/12/2011 - 15:06 | 1448867 Deepskyy
Deepskyy's picture

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.

 

Tue, 07/12/2011 - 15:07 | 1448878 SheepDog-One
SheepDog-One's picture

Great illusion while everyone thinks markets are 'way up', we're actually just sitting on a 6 month average.

Tue, 07/12/2011 - 15:10 | 1448896 Deepskyy
Deepskyy's picture

You hush... pointing out things like that might stall the rally.

Full retard indeed.

<:p

Tue, 07/12/2011 - 15:33 | 1449032 Cdad
Cdad's picture

 pointing out things like that might stall the rally.

Nah...the shares of banks are doing that all by themselves.  Look at the meteors!

Tue, 07/12/2011 - 14:18 | 1448584 inkarri9
inkarri9's picture

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 

Tue, 07/12/2011 - 14:18 | 1448585 reader2010
reader2010's picture

Permernant QE till the end of time. 

Tue, 07/12/2011 - 14:34 | 1448694 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Agreed.

Quantitative Easing Forever

With rates about to rise, due to the fact that demand is lackluster for Treasurie bonds, the Fed and its genius leader Ben Bernanke will have to continue along the road of quantitative easing.  The Fed, which was forced into a corner long ago by a failed economic, monetary, and fiscal policy, is the lender, and buyer, of last resort.  The world over has stated they are not comfortable propping up the US regime, and so the Fed will be forced to continue to do so....

Quantitative Easing Forever:

http://lhmarketwatch.blogspot.com/2011/04/quantitative-easing-forever.html

 

Tue, 07/12/2011 - 15:12 | 1448910 SheepDog-One
SheepDog-One's picture

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.

Tue, 07/12/2011 - 15:40 | 1448980 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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.

Tue, 07/12/2011 - 14:20 | 1448586 Gold Man-Sacks
Gold Man-Sacks's picture

Who, I say who, could've seen this coming???

Wed, 07/13/2011 - 05:43 | 1450867 StychoKiller
StychoKiller's picture

Rule #299:  "After you've exploited someone, it never hurts to thank them.  That way, it's easier to exploit them next time."

Tue, 07/12/2011 - 14:19 | 1448589 Hondo
Hondo's picture

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.

Tue, 07/12/2011 - 14:22 | 1448606 Chip
Chip's picture

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. 

Tue, 07/12/2011 - 14:19 | 1448591 kaiten
kaiten's picture

QE3 appropriate? Mhmm, just who would have thought?

Tue, 07/12/2011 - 14:19 | 1448592 cougar_w
cougar_w's picture

Transitory shocks ftw

Tue, 07/12/2011 - 14:20 | 1448595 Dre4dwolf
Dre4dwolf's picture

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.

 

Tue, 07/12/2011 - 14:20 | 1448599 gbresnahan
gbresnahan's picture

QE1: did not work

QE2: did not work

QE3: ???

 

More reason to abandon the US dollar.

Tue, 07/12/2011 - 14:23 | 1448618 Cash_is_Trash
Cash_is_Trash's picture

Come on! It'll work!

Third time's a charm, ain't it?!

Tue, 07/12/2011 - 14:27 | 1448654 HungrySeagull
HungrySeagull's picture

Yea like the lube used by people who cannot get the female sufficiently wet.

Tue, 07/12/2011 - 16:32 | 1449304 Zap Brannigan
Zap Brannigan's picture

QE3: Profit

Tue, 07/12/2011 - 14:22 | 1448607 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

"Insanity: doing the same thing over and over again and expecting different results."

Albert Einstein

Tue, 07/12/2011 - 14:23 | 1448615 inkarri9
inkarri9's picture

“We can't solve problems by using the same kind of thinking we used when we created them.” Albert Einstein 

Tue, 07/12/2011 - 14:25 | 1448631 SheepDog-One
SheepDog-One's picture

Nevermind all that, central bankster pirates just hit a huge ink pocket off the coast of Brazil!

Tue, 07/12/2011 - 14:24 | 1448620 Bansters-in-my-...
Bansters-in-my- feces's picture

These Fed fuck-tards don't/can't "think". They are "programmed,that's why they have their jobs.

Tue, 07/12/2011 - 14:24 | 1448624 oogs66
oogs66's picture

futures go from down 20 to up 6 on ecb/china and then fed....yeah, the economy is working on its own

Tue, 07/12/2011 - 14:24 | 1448625 YesWeKahn
YesWeKahn's picture

Translation: buy Russel 2000.

Tue, 07/12/2011 - 14:26 | 1448640 SheepDog-One
SheepDog-One's picture

Translation- Hold gold.

Tue, 07/12/2011 - 14:31 | 1448678 fiddler_on_the_roof
fiddler_on_the_roof's picture

Translation : Gold(95%), play money in stocks (5%)

Tue, 07/12/2011 - 14:25 | 1448632 Racer
Racer's picture

and QE 1 AND 2 did what for the people???

Tue, 07/12/2011 - 18:18 | 1449709 Bobbyrib
Bobbyrib's picture

Push up food and energy prices. Any other questions?

Tue, 07/12/2011 - 14:25 | 1448634 YesWeKahn
YesWeKahn's picture

Yes, they are pretty retarded.

Tue, 07/12/2011 - 14:26 | 1448635 Ying-Yang
Ying-Yang's picture

QueasyEasy3... squeeze it on your burrito.

 

Tue, 07/12/2011 - 14:25 | 1448638 eddiebe
eddiebe's picture

Buy and stock up on Vasoline.

Tue, 07/12/2011 - 14:25 | 1448642 StockInsanity
StockInsanity's picture

Enough with the Stimulus ..... Viagra Nation !

Tue, 07/12/2011 - 14:25 | 1448643 GeneMarchbanks
GeneMarchbanks's picture

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.

Tue, 07/12/2011 - 14:26 | 1448648 fiddler_on_the_roof
fiddler_on_the_roof's picture

Now where are those "NO QE" fearmongers, telling everyone to short stocks ?

 

 

Tue, 07/12/2011 - 14:31 | 1448677 SheepDog-One
SheepDog-One's picture

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....

Tue, 07/12/2011 - 14:28 | 1448652 Stuart
Stuart's picture

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.

Tue, 07/12/2011 - 14:29 | 1448657 Ancona
Ancona's picture

What the fuck are these jackasses thinking about?

Right in time for the european implosion.

Tue, 07/12/2011 - 14:29 | 1448669 shushup
shushup's picture

No wonder the stock market just took off.

Tue, 07/12/2011 - 14:33 | 1448690 SheepDog-One
SheepDog-One's picture

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? 

Tue, 07/12/2011 - 14:31 | 1448680 oa92000
oa92000's picture

test..

Tue, 07/12/2011 - 14:32 | 1448683 Globalist Slayer
Globalist Slayer's picture

Who would have thought?   No one anticipated this!  I can think of a couple of Princeton economists who probably just had a diurnal emission!

Tue, 07/12/2011 - 14:33 | 1448692 the not so migh...
the not so mighty maximiza's picture

debt limit increase then QE3 it baby!!!

Tue, 07/12/2011 - 14:34 | 1448700 caerus
caerus's picture

SO...they didn't even bother to give it a new name?  tsk...tsk...

Tue, 07/12/2011 - 14:37 | 1448723 cdude
cdude's picture

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.

Tue, 07/12/2011 - 15:14 | 1448926 SheepDog-One
SheepDog-One's picture

Yea, big deal. The FED members who have always said 'QE' now say perhaps they agree with more QE....macro picture, anyone??

Tue, 07/12/2011 - 14:37 | 1448725 Everybodys All ...
Everybodys All American's picture

Debt limit gets raised ... rescue all of EU through IMF bailout ... QE3 the US. That should get us through September.

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