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

Tyler Durden's picture

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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Turd Ferguson's picture


Anyone who says otherwise is selling something.

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.

Shameful's picture

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

Debtman Forever, make a movie out of it.

flacon's picture

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

citta vritti's picture

+1 Gene Hackman in Get Shorty

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...

sheeple's picture

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

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.


sheeple's picture

think pimco's going to btfdUST prior to QE3?

Judge Judy Scheinlok's picture

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

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?

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.

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.

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.

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

StychoKiller's picture

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

ghostfaceinvestah's picture

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

NOTW777's picture

might want to move that up to tomorrow


oh no - more sheen coverage

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. 

10kby2k's picture

a real inflation >20% could even make americans wealthier


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

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.

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

cosmictrainwreck's picture

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

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!!

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%?

Village Idiot's picture

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

cosmictrainwreck's picture

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

10kby2k's picture


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

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

High Plains Drifter's picture

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

ha ha ha

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.

baby_BLYTHE's picture


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

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.


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.

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.

gwar5's picture

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

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



Rogerwilco's picture

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

Cognitive Dissonance's picture

Nice to see they are consistently reckless and self destructive.

bob_dabolina's picture

You must be one of the rascist tea partiers.

bob_dabolina's picture

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

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.


High Plains Drifter's picture

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