Today's Economic Data Docket - Retail Sales, Claims, Producer Prices, And Bernanke Does The Senate

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Thu, 07/14/2011 - 07:52 | 1455414 PaperBear
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The chumps on the Senate committee will give Ben Bernanke an easy ride.

Thu, 07/14/2011 - 08:03 | 1455434 slaughterer
slaughterer's picture

Unfortunately, the preconditions for QE3 do not and will not exist if the market continues to price it in.  I see no signs of the "deflationary pressures" that would warrant the Fed to continue with another round of quantitative easing.    There were so many conditions attached to the mere consideration of another round of quantitative easing (one among 3 weapons that the Fed has, maybe not the one they will choose).  Unfortunately, it is highly unlikely that any of those conditions will be met to warrant another round.  Market bulls screaming "buy everything, risk on!" on CNBC are absolutely crazy. 

Thu, 07/14/2011 - 08:08 | 1455449 bigdumbnugly
bigdumbnugly's picture

maybe so, slaughterer.

but if you bought at the beginning of this push and you get out before tide goes back out there is some serious coin to be made here.

Thu, 07/14/2011 - 08:44 | 1455509 SheepDog-One
SheepDog-One's picture

Front running market flash crashes can be a bit tricky method of 'investing'.

Thu, 07/14/2011 - 08:32 | 1455494 oh_bama
oh_bama's picture

Are you going to talk about upward revision today???


Thu, 07/14/2011 - 08:05 | 1455438 Hubbs
Hubbs's picture

Bastille Day, cette aujourd'hui Vive la revolution!

Thu, 07/14/2011 - 08:16 | 1455462 slaughterer
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I wouldn't be surprised to see BB play down QE3 in the session today, after he looks at the market's reaction yesterday.  

Thu, 07/14/2011 - 08:13 | 1455457 shushup
shushup's picture

The machines can do it.

Thu, 07/14/2011 - 08:17 | 1455464 MK ultra
MK ultra's picture

The Fed is a barbarous relic. Scored some SAE's from Apmex @ spot $34.70 2 weeks ago.

Physical.  Bitchez.


Thu, 07/14/2011 - 08:23 | 1455480 rsnoble
rsnoble's picture

Programmers will be busy this am won't they. If x=y then buy.  If x doesn't equal y then buy.

Thu, 07/14/2011 - 09:21 | 1455641 snowball777
snowball777's picture

The compiler will optimize out the invariant branch for efficiency.

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