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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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.

morph's picture

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

mayhem_korner's picture

My PMs are saying "go for it."

Sudden Debt's picture

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


ItFarmer's picture

let me bet on of the members is Gaddafi?



Archimedes's picture

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

A Man without Qualities's picture

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

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.

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.

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.

Mr Lennon Hendrix's picture

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....



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!

carbonmutant's picture

Well it's clear the banks want QE3.

That's the best reason for not doing it.

greased up deaf guy's picture

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

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.

SheepDog-One's picture

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

Marge N. Callz's picture

Market just got a boner!

HungrySeagull's picture

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

Atomizer's picture

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

jabba_67's picture

There is no limit to insanity!

Hedgetard55's picture

No wonder the market juiced just now.


Adios dollar if this happens.

SheepDog-One's picture

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

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.

SheepDog-One's picture

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

Franken_Stein's picture


Someone frontran this !


AlaricBalth's picture

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

camoes's picture

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

jabba_67's picture

There is no limit to insanity!

There is No Spoon's picture

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

Franken_Stein's picture


A-hahahahaha !

O-hohohohoho !


redpill's picture

Bernanke Buddies is filmed in front of a live studio audience

StychoKiller's picture

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

aheady's picture

God as my witness, I thought turkeys could fly.

TruthInSunshine's picture

PIIGS can fly for short bursts during tornadoes and hurricanes.

The landing is messy, though.

Nedly66's picture

lol and the ES jumps


SheepDog-One's picture

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

baby_BLYTHE's picture

It is simple

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

Worldwide Benocide

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!

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

YouTube - Change is on the Horizon Part 2 of 3 The American Federal Empire

YouTube - Change is on the Horizon Part 3 of 3 The Farmer Claims Program

jtmo3's picture

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

alien-IQ's picture

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

StychoKiller's picture

The purpose of a system is what it does!

GtownSLV's picture

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

Everybodys All American's picture

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

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.


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

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?

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

Cdad's picture


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.