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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ads56's picture

Was it ever doubted? I think not.

TheTmfreak's picture

Gold to the fuckin' moon.

camaro68ss's picture

this is all to "transitory" for me

Fedophile's picture

On a long enough timeline everything is transitory.

TheTmfreak's picture

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

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.

highwaytoserfdom's picture

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

TheTmfreak's picture


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

SheepDog-One's picture

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

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.

SheepDog-One's picture

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

franzpick's picture

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

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

JW n FL's picture

Charlie Dont Surf Bitchez!!

Raymond Reason's picture

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




StychoKiller's picture

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

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.

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.

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


  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?

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!

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.

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.

WonderDawg's picture

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

fonestar's picture

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

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.

RaymondKHessel's picture

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

Sofa King's picture

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

carbonmutant's picture

No soup without raising the debt limit...

SheepDog-One's picture

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

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.

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!

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.

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!

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.

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.

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.

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.

redpill's picture

lol, shocking I say, SHOCKING!

The Axe's picture

Translation  is   destroy the DOLLAR

Cash_is_Trash's picture

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

Tranzfer of wealth bitchezz

101 years and counting's picture

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


redpill's picture

When your only tool is a hammer....

dracos_ghost's picture

When your only tool is a hammer....


Or when your only leader is a tool...

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.

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.

sabra1's picture

i hope they all get hammeroids!

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.

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!)

MolotovCockhead's picture

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