• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

New POMO Schedule Released: Fed To Monetize $102 Billion In Next Month

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Thu, 03/10/2011 - 15:11 | 1037373 Turd Ferguson
Turd Ferguson's picture

QE TO INFINITY!!

Anyone who says otherwise is selling something.

Thu, 03/10/2011 - 15:15 | 1037414 Debtman And Robbin
Debtman And Robbin's picture

It just don't matter if there will be QE 3 or QE 300.

Debtman will soon retire.

After that, Robbin takes over.

Thu, 03/10/2011 - 16:35 | 1037806 Shameful
Shameful's picture

I love this name and avatar, thanks for the laugh!

Debtman Forever, make a movie out of it.

Thu, 03/10/2011 - 16:47 | 1037843 flacon
flacon's picture

The term "Quantative Easing" is so 2010. What they need is "ZIM. STIM." (Zimbabwe style)! Give it some fucking culture!

Thu, 03/10/2011 - 19:22 | 1038541 citta vritti
citta vritti's picture

+1 Gene Hackman in Get Shorty

Thu, 03/10/2011 - 15:37 | 1037525 Monetize Me Captain
Monetize Me Captain's picture

Funny though. Anyone who is saying that QE will end is also probably selling something. Most likely in the form of put options...

Thu, 03/10/2011 - 15:37 | 1037532 sheeple
sheeple's picture

BTFD, i'm still surprise morgue hasn't taken Ag below 34

Thu, 03/10/2011 - 15:39 | 1037544 vas deferens
vas deferens's picture

QE3 is 100% coming!!  But they could delay the announcement or state that QE will be ending sending the markets where they want them to go. 

The movement in the markets will again give them an easy sell of QE3. 

I am trying to say there could be a big dip in the prices of commodities before QE3 is announced or some kind of back door QE resumes.

 

Thu, 03/10/2011 - 15:42 | 1037557 sheeple
sheeple's picture

think pimco's going to btfdUST prior to QE3?

Thu, 03/10/2011 - 16:15 | 1037724 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Does the entitlement bunch have handicap placards hanging from the rear view mirror?

Thu, 03/10/2011 - 16:12 | 1037711 Smu the Wonderhorse
Smu the Wonderhorse's picture

My growing idea is that we will go to QE2 lite in June, i.e., no new QE but the Fed will not allow its balance sheet to shrink.  It's what they did before.  If oil and other commodities keep soaring, and with the Ron Pauls getting more traction, I don't think QE3 will be politically viable come June.  Maybe later in 2011 or 2012.  Thoughts?

Thu, 03/10/2011 - 16:23 | 1037759 vas deferens
vas deferens's picture

QE3 will be a really hard sell with oil over 100.   I think they will do more of a QE lite or some kind of back door QE.

Thu, 03/10/2011 - 17:19 | 1037964 alangreedspank
alangreedspank's picture

 

You never know. I remember this conference where an old timer recalled the story of the early 80s with Volcker cranking the rates up to what, 18% ? Nobody expected that to happen ever, and people though the world was going to end as well.

Thu, 03/10/2011 - 20:58 | 1038894 vas deferens
vas deferens's picture

In the 1980s there was no housing bubble the FED is trying to prop up and banks that were insolvent.  If the FED raised rates, as they should, the banks would fail again.

Thu, 03/10/2011 - 16:06 | 1037673 Cash_is_Trash
Cash_is_Trash's picture

Ben's gone Dr. Evil on this one! That seemed like such a massive amount when the movie came out, but now $100 billion is a months work.

Dr. Evil should ask for 1 million ounces of silver.

TFDHBB - The fuckin' dip has been bought

Thu, 03/10/2011 - 16:42 | 1037832 Infinite QE
Infinite QE's picture

You rang? :)

Thu, 03/10/2011 - 23:12 | 1039271 StychoKiller
StychoKiller's picture

"NEVER call up what you cannot put back down!"  -- H.P. Lovecraft

Thu, 03/10/2011 - 15:12 | 1037384 ghostfaceinvestah
ghostfaceinvestah's picture

How much of the 600B will be left after this next round?

Thu, 03/10/2011 - 15:11 | 1037387 NOTW777
NOTW777's picture

might want to move that up to tomorrow

 

oh no - more sheen coverage

Thu, 03/10/2011 - 15:16 | 1037388 HamyWanger
HamyWanger's picture

As extreme as it may seem, I'm afraid it's needed for the global economic recovery to sustain.

A little inflation never harmed anyone. According to Dr. Paul Krugman PhD and Dr. Barack H. Obama, a high inflation (>20%) could even make Americans wealthier. 

Thu, 03/10/2011 - 15:17 | 1037424 bob_dabolina
bob_dabolina's picture

I concur

Thu, 03/10/2011 - 15:22 | 1037461 10kby2k
10kby2k's picture

a real inflation >20% could even make americans wealthier

LOL

in nominal terms...not REAL terms.....thats the FEDs plan, bonehead

Thu, 03/10/2011 - 15:29 | 1037489 HamyWanger
HamyWanger's picture

There is no difference between real and nominal. 

Some people say that inflation is a bad thing, but they're often lunatic, bigot, nerdy libertarians. 

Actually, inflation is what makes people richer. The Weimar Germany experience was not a failure. This is a libertarian lie. 

Most Germans got wealthier during the 1922-1923 period, and it was also very good for equities.

Thu, 03/10/2011 - 15:37 | 1037518 bob_dabolina
bob_dabolina's picture

Not quite sure what you're referencing in terms of inflation.

I am observing steady prices and a lower unemployment rate

Thu, 03/10/2011 - 15:38 | 1037537 cosmictrainwreck
cosmictrainwreck's picture

hamy- you're hot today..... in the running for today's prize (with no competion in sight)

Thu, 03/10/2011 - 15:55 | 1037632 MolotovCockhead
MolotovCockhead's picture

  Actually, inflation is what makes people richer.

You should move to Zimbabwe since inflation is such a good idea. Most likely Robert Mugabe will make you a minister in his cabinet. One thing for sure, you will be much richer!! To be precise, instant multi-trillionaire!!

Thu, 03/10/2011 - 15:55 | 1037636 10kby2k
10kby2k's picture

Mr Wanger,

 Wages/income will not keep pace with POMO induced inflation, nor will interest rates. Are you the guy buying the 5 year TIPS at -0.65%?

Thu, 03/10/2011 - 15:57 | 1037640 Michael
Michael's picture

Hamy need a laugh?

The most hilarious thing yet from Charlie Sheen.

Charlie Sheen's Winning Recipes

http://www.funnyordie.com/videos/bfb12aea47/charlie-sheen-s-winning-recipes

Thu, 03/10/2011 - 16:00 | 1037653 Village Idiot
Village Idiot's picture

New term for anyone missing the "hamyness" = hambush.  "You've been hambushed!"

Thu, 03/10/2011 - 16:09 | 1037694 cosmictrainwreck
cosmictrainwreck's picture

fun to watch 'em get sucked in, aint it?

Thu, 03/10/2011 - 17:00 | 1037898 10kby2k
10kby2k's picture

 

Does Hamy have a keen sense of humor or does he live for negative attention?

Thu, 03/10/2011 - 17:28 | 1037990 viahj
viahj's picture

"Hamy" Wagner is a parody of "Harry" Wagner who is a uber equity bull who polishes Bernanke's knob when not posting comments at ZH

Thu, 03/10/2011 - 16:24 | 1037753 High Plains Drifter
High Plains Drifter's picture

He called the President of CBS .....     Less than Goonvess.

ha ha ha

Thu, 03/10/2011 - 16:11 | 1037706 rosiescenario
rosiescenario's picture

Right you are, though it was a bit hard on the bond holders...perhaps Bill took a history lesson in college????

 

Friends of mine papered a bathroom with defunct German bonds they found.

Thu, 03/10/2011 - 15:24 | 1037474 baby_BLYTHE
baby_BLYTHE's picture

corrected*

some Americans. Not 99% of the rest of us.

We live in a fair and free Republic? Why not give every man, woman and child that has a pulse access to the discount window?

Rule of Law. All Equal

Thu, 03/10/2011 - 15:27 | 1037482 gwar5
gwar5's picture

"The more we spend the richer we are!" -- Joe Biden, VPOTUS.

Not extreme, just economically literal.  We are in the best of hands.

 

Thu, 03/10/2011 - 16:14 | 1037719 rosiescenario
rosiescenario's picture

...only intelligent thing to emerge from him in 60 years...

 

We can spend our way to prosperity....Ben has actually been far too cautious...he needs to dump the choppers and go with some aircraft with a real payload.

Thu, 03/10/2011 - 16:41 | 1037829 long-shorty
long-shorty's picture

who are you people junking Hamy? and why do you have no sense of humor?

he makes me laugh every time.

keep up the good work, Hamy.

Thu, 03/10/2011 - 15:14 | 1037406 gwar5
gwar5's picture

$102 Billion in new POMO. Boy, what a relief!

All the recent talk about reality was getting me bummed out.

 

 

Thu, 03/10/2011 - 15:15 | 1037412 Rogerwilco
Rogerwilco's picture

Finally, the money shot. Now they can all head for the showers.

Thu, 03/10/2011 - 15:15 | 1037417 Cognitive Dissonance
Cognitive Dissonance's picture

Nice to see they are consistently reckless and self destructive.

Thu, 03/10/2011 - 15:17 | 1037431 bob_dabolina
bob_dabolina's picture

You must be one of the rascist tea partiers.

Thu, 03/10/2011 - 15:30 | 1037488 Cognitive Dissonance
Cognitive Dissonance's picture

No....but I like Earl Grey.

Thu, 03/10/2011 - 15:40 | 1037548 sheeple
sheeple's picture

I like Jasimine

Thu, 03/10/2011 - 15:44 | 1037583 bob_dabolina
bob_dabolina's picture

I'm a camomile with low fat soy and 1/2 a sweet-and-low kinda' guy.

Thu, 03/10/2011 - 15:57 | 1037648 Oh regional Indian
Oh regional Indian's picture

Bob, too much soy will severely decrease your testosterone levels and possibly/definitely give you man boobs.

Soy Milk is no good. Soy is only healthy when nicely fermented.

See Natto in Japan.

ORI

Thu, 03/10/2011 - 16:04 | 1037662 bob_dabolina
bob_dabolina's picture

I've always wanted tits.

Thu, 03/10/2011 - 16:13 | 1037710 High Plains Drifter
High Plains Drifter's picture

Big tits or mouth sized?

 

Thu, 03/10/2011 - 17:06 | 1037931 High Plains Drifter
High Plains Drifter's picture

Yep , that soy milk they sell at stores is no good for you.

 

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