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New POMO Schedule Released: Fed To Monetize $102 Billion In Next Month
After the Fed "purchased" just over $97 billion in bonds in the last POMO schedule, according to the just released POMO schedule, Sack-Frost will monetize $102 billion in bonds between March 14 and April 11. From the release: "Across all operations in the schedule listed below, the Desk plans to purchase approximately $102 billion.
This represents $80 billion in purchases of the announced $600 billion
purchase program and $22 billion in purchases associated with principal
payments from agency debt and agency MBS expected to be received
between mid-March and mid-April" What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own...
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QE TO INFINITY!!
Anyone who says otherwise is selling something.
It just don't matter if there will be QE 3 or QE 300.
Debtman will soon retire.
After that, Robbin takes over.
I love this name and avatar, thanks for the laugh!
Debtman Forever, make a movie out of it.
The term "Quantative Easing" is so 2010. What they need is "ZIM. STIM." (Zimbabwe style)! Give it some fucking culture!
+1 Gene Hackman in Get Shorty
Funny though. Anyone who is saying that QE will end is also probably selling something. Most likely in the form of put options...
BTFD, i'm still surprise morgue hasn't taken Ag below 34
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.
think pimco's going to btfdUST prior to QE3?
Does the entitlement bunch have handicap placards hanging from the rear view mirror?
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?
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.
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.
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.
it will not matter! check this out:
http://www.boredkillers.com/british-scientists-invent-hydrogen-based-and-cheaper-artificial-gasoline/
http://covert2.wordpress.com
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
You rang? :)
"NEVER call up what you cannot put back down!" -- H.P. Lovecraft
How much of the 600B will be left after this next round?
might want to move that up to tomorrow
oh no - more sheen coverage
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.
I concur
a real inflation >20% could even make americans wealthier
LOL
in nominal terms...not REAL terms.....thats the FEDs plan, bonehead
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.
Not quite sure what you're referencing in terms of inflation.
I am observing steady prices and a lower unemployment rate
hamy- you're hot today..... in the running for today's prize (with no competion in sight)
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!!
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%?
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
New term for anyone missing the "hamyness" = hambush. "You've been hambushed!"
fun to watch 'em get sucked in, aint it?
Does Hamy have a keen sense of humor or does he live for negative attention?
"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
He called the President of CBS ..... Less than Goonvess.
ha ha ha
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.
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
"The more we spend the richer we are!" -- Joe Biden, VPOTUS.
Not extreme, just economically literal. We are in the best of hands.
...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.
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.
$102 Billion in new POMO. Boy, what a relief!
All the recent talk about reality was getting me bummed out.
Finally, the money shot. Now they can all head for the showers.
Nice to see they are consistently reckless and self destructive.
You must be one of the rascist tea partiers.
No....but I like Earl Grey.
I like Jasimine
I'm a camomile with low fat soy and 1/2 a sweet-and-low kinda' guy.
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
I've always wanted tits.
Big tits or mouth sized?
Yep , that soy milk they sell at stores is no good for you.
I dig on gunpowder green and puer myself.
how original
Good Times.
Any time you meet a payment.
Good Times.
Any time you need a friend.
Good Times.
Any time you're out from under.
Not getting hastled, not getting hustled.
Keepin' your head above water,
Making a wave when you can.
Temporary lay offs.
Good Times.
Easy credit rip offs.
Good Times.
Scratchin' and surviving.
Good Times.
Hangin in a chow line
Good Times.
Ain't we lucky we got 'em
Good Times.
POMO= Theft
Btw,
How many times am I allowed to change my avatar? (I didn't realize how bad some of these look once they are sized down to fit ZH standards).
I have been feeling better about myself lately and decided to go with my actual picture.
Yeah, I was wondering about how to animate my avatar that I lifted from the ticker guy's site. The man is supposed to be pouring gas all over himself and then lighting himself up....self immolation. It is a gif format, if that helps.
[Barf]. Again.
Sell some gold coins to pay your gas bill?
what oil price level negates the next 100 billion ?
Hey momos that's not gonna be enough pomo. Better stop with the BTFD!
Honey, I would never use my picture on the internet for anything. you know what is on Decartes grave stone - "He who hid well, lived well"
I use to model. Stopped doing it a few years ago sO I am used to this kind of thing. Not worried. Plenty of guns at my family residence, I even know how to use them!
You are just begging for attention aren't you?
I donated to ZH this morning. Perhaps you might consider this.
Tyler's worth ethic is legendary! I am never bored reading and learning about how DOOMED we are! Plus, I have learned a great deal of information about the world I never knew thanks to the wonderful contributions by ZH users in the comment section(s).
She's got a week's seniority on you, doofus. Besides, she's ZH's poster-girl for young & restless. I'm a big fan.
I don't understand why it is such a big deal anyways. My brother is the one that got me into ZH, he used to have an account (still might).
Needless to say, I have been a fan and avid reader for about 2 years. Just didn't feel like making my own account.
I love the fact ZH respects free speech. Use it or lose it.
On the weekends I like to go to shows with people about my age. Lots of anger, hate and disgust. Yet, the people respect the hell out of each other!
In addition to handing out flyers for local shows, I would very much like to handout promos for ZH. Perhaps William Banzai can come out with something in the future :)
Minnesota local. Great live band, the guitarist is my cousin. 8 String guitars!
http://www.youtube.com/watch?v=JbQCzePCT6M
Since you used to be a model, how about some showing us some of those modeling pictures. You could end up the ZH money honey, like Maria B on CNBC.
" I would very much like to handout promos for ZH."
Well, there goes the neighborhood. Hey! Honey? Pack your shit, we're moving. Remember that kid who fell face first into the tacklebox that was looking at the Henderson place? Well he just bought it, and his wife makes him look like Alex P. Keaton.
And you SOB's around here think we got Doomers now? Like Me? ROTFLMAO. Wait til the whole damn skate park shows up.
Priceless, Colonel! "the whole damn skate park"
CNBC will be airing a segment about the cost of feeding chickens after the break.
Do not miss it.
Look for Erin to pose this ridiculous question... "Is this a sign of inflation or is it a true global growth story?"
Trish > Erin
I don't know what it is about Erin, but I just don't like it. She comes off very dry and usually looks uninterested in what she is discussing.
Both Trish and Becky are smarter than her, IMO.
I do strongly dislike Warren Buffet though... especially seeing him give an audience to Hank Paulson. THAT WAS DISGUSTING!
I like Cramer because he is the antithesis of the above. He seems to be wildly passionate and animated. He also seems to be an astute investor with a knack for stock picking. Plus he was a hedgefund manager so he is clearly wired in with the latest information available.
I know, right!
It makes me feel better seeing his mug to my left when I start my work day! (ZH is my homepage ;)
Its all disgusting. CNBC is fraud / corruption complicit and should ultimately be held to account... and flushed with the rest of "the system"
Wohooo!!! Latest game is Flip that Bond...
From the link http://tfmetalsreport.blogspot.com/2011/03/lying-in-wait.html
QE WILL NEVER END. IT CAN'T. THE FED IS NOW 70% OF THE TREASURY MARKET. IF THEY LEAVE, WHO WILL BUY? WITH NO BUYERS, HOW CAN THE U.S. GOVERNMENT RAISE THE FUNDS TO COVER IT'S $1,500,000,000,000 DEFICIT FOR THIS YEAR? WHERE WILL IT GET THE FUNDS TO COVER THE $1,500,000,000,000 DEFICIT FOR NEXT YEAR? AND DON'T TELL ME HOW RATES WILL RISE AND ATTRACT BUYERS. THAT'S COMPLETE B.S.!! RATES CAN'T GO UP. HIGHER RATES ONLY ACCELERATE THE DEATH OF THE PONZI! QE IS NOT ENDING. EVER!!
If they stop the QE, global deleveraging (private and public) and the subsequent flight to safety will hold rates down. Long-term you are right. The ponzi scheme will ultimately fail. But if the USA can float as much debt (relative to GDP) as the Japanese then we have some time before all faith is lost in the credit worthiness of the US government. We are still the reserve currency you know ... and its not like we don't have any competition in the race to the currency debasement bottom!
But then, can't they blame Ron Paul and the Republicans?
NFLX benefitting from flight to safety today.
+5%
NFLX recovering from a Goldman Suchs lie about what's going on with Facebook and movies. GS has to take care of their money making future IPO.
GS Says Threat - http://www.hollywoodreporter.com/news/facebook-could-become-a-credible-165335
Reality Not a Threat - http://www.businessweek.com/ap/financialnews/D9LRUAKG0.htm
So, what are the projections for the S&P mileage from this POMO? 200 points on the S&P?
Please put your things in order because you will be killed and your familes will also be killed due to your actions in the last 8 weeks. Please explain to them that this is because if we get rid of you and your families then it will save the rights of 300,000 people and also be able to close the deficit that you have created. I hope you have a good time in hell. Read below for more information on possible scenarios in which you will die.
WE want to make this perfectly clear. Because of your actions today and in the past couple of weeks I and the group of people that are working with me have decided that we've had enough. We feel that you and the people that support the dictator have to die. We have tried many other ways of dealing with your corruption but you have taken things too far and we will not stand for it any longer. So, this is how it's going to happen: I as well as many others know where you and your family live, it's a matter of public records. We have all planned to assult you by arriving at your house and putting a nice little bullet in your head. However, we decided that we wouldn't leave it there. We also have decided that this may not be enough to send the message to you since you are so "high" on Koch and have decided that you are now going to single handedly make this a dictatorship instead of a demorcratic process. So we have also built several bombs that we have placed in various locations around the areas in which we know that you frequent. This includes, your house, your car, the state capitol, and well I won't tell you all of them because that's just no fun. Since we know that you are not smart enough to figure out why this is happening to you we have decided to make it perfectly clear to you. If you and your goonies feel that it's necessary to strip the rights of 300,000 people and ruin their lives, making them unable to feed, clothe, and provide the necessities to their families and themselves then We Will "get rid of" (in which I mean kill) you. Please understand that this does not include the heroic Rep. Senator that risked everything to go aganist what you and your goonies wanted him to do. We feel that it's worth our lives to do this, because we would be saving the lives of 300,000 people. Please make your peace with God as soon as possible and say goodbye to your loved ones we will not wait any longer. YOU WILL DIE!!!!
You would be surprised how common this is... Politics aside, after 9/11 and Iraq I heard some crazy stories out congressman and their staffers bugging out.
btw, this letter looks like some of the notes I passed with my friends in high school. Very angry and hateful days those were ;)
You were 10 when 9/11 happened. So you were listening to "crazy stories" about congressmen in your spare time when you weren't poring over Franklin's take on fiat?
I was grade school. The principal came to each of our classrooms invididually and talked to us about the event.
Later that day I saw the movie Rat Race with my friend in an empty theater. They gave us free popcorn and a pop.
I have been doing independent research on 9/11 for sometime. Just like I have been reading economics especially the free library at Mises.org
Benjamin Franklin was the wise elder in a room full of renegades especially the likes of Jefferson + Hamilton. He also invented electricty, that is so cooL!
I want to see Ben wearing a leather jacket with a big "wild hogs" patch that says
"Print to live....Live to print"
Williambonzai7 where the hell are you - this is ripe for your talents.
@ winning ..
http://www.ustream.tv/charliesheen
"Stocks without a Babysitter"
Bad things happen with no one minding the "Baby"
Did I just break a law or something?!
no POMO tomorrow?? reminds me of what the preacher said to the new sheriff on the stage: " you're on yer own, son......."
Wow. Gobs of money made just selling the a.m. gold fix and bangin' da'close.
Wow. Gobs of money made just selling the a.m. gold fix and bangin' da'close.
My Silver Bullion is about to sprout wings! Thanks Benny.
Yeah...why is everyone here so hard on the guy? Silver miners I bought a couple of years ago are up 500%....do you hear me whining and complaining???? Its time to 'man up' and BTFD on margin using the proceeds from a second on your inlaws' home...
BTW what makes you all think that the Fed/PPT is only using POMO to manipulate the market?
BTW what makes you all think that the Fed/PPT is only using POMO to manipulate the market?
well, i suppose if you discount 'illegally funding the U.S. deficit' as a legitimate use of POMO, then i guess i see your point... :/
B. Gross single handedly ruined the spring housing rebound but can Bennie B. pull off the buzzer beater? March madness bitchez!
Do we still buy the dip?
If you buy the dip, I'll buy the chips!
OoOoOoOoOoooooo
...ok I'm done here.
I just bought the dip.
The dips are so good.
When in doubt, get a bigger hammer. Wait, make that... create a bigger hammer out of pixy dust and FRN vapors.
I'm just hoping a silver discount happens around April 3rd or so cuz i gots me about 5 oz worth in ebay bucks coming my way. Weewt!
White House says will be soon sending disaster relief teams into Libya
The White House should consider sending disaster relief teams into itself.
I wonder under what authority they will do this.
Shut up and buy the dip.
No fucking way, Copper chart showed it was time to go and time to go it is. If you are not short already you are too late.
+1 - once some of these commodities and other large etf's broke down - it was time to go short - Copper broke down, retailers RTH, and financials XLF.
That was my sign... 2 days ago threw me off. But even the nasdaq stayed below the 10 dma...
Could get nasty within the next several sessions.
Who?
We the People of course! We are the rulers of the politicians, their masters... they tremble at our power over them.
Oh shit, I was dreaming
...you and Charlie put down that pipe...
It is not so much a guess of whether their will be a QE 3-4-5 etc as it is a matter of when the orchastrated current events are well enough in place to allow the implementation of their NWO. When the current world financial system can be brought to into chaotic submission in the way that allows for their elite new order to survive, that is when they take their final Q.
White House says will be soon sending disaster relief teams into Libya
(d)
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?
(d)
I agree and apparently so does the world's biggest private bond trader. The FED is walking a very thin line. Its credibility gap is starting to draw too much attention to itself. The public is starting to question what is going on behind the curtain of Oz.
"I don't think QE3 will be politically viabl..."
...a few more -200 DOW days will change the spirit...plus the ever worsening housing situation, job market, and general economy.
Gold and silver bottomed out real nicely and are now moving back up. Correction over for the day....Chinese put, buy , buy , buy the dips.........
"What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own..."
...there will be no scheduled POMO, but there might be a special "air lift" of bills showered over NYC...just in case....not a golden shower but a green one, in keeping with our new found environmental awareness...and in honor of St. Patrick's day.
Ha! A golden shower would destroy parked cars soo juicy.
They better get on it now... dow dropping sub 12k!! Alert! Alert!
Thank you so much for posting these. I print them and keep them handy.
Thanks also, Tyler, for Zero Hedge!
Thank you so much for posting these. I print them and keep them handy.
Thanks also, Tyler, for Zero Hedge!
ya, Tyler is the man.
I posted some videos of Marc Faber earlier...
He has a great way of studying information and storing things into the mind easily. REALLY HELPS WITH SCHOOL!
http://new.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=4210