• 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.”

What Happens If There Is No QE3? David Rosenberg Responds

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Thu, 03/03/2011 - 11:52 | 1014951 falak pema
falak pema's picture

June 31??? lol...we are in alice in wonderland! TY. TD. So the deadline is...for knowing if QE-3 is officially on or off as per BB forward plan??...

Thu, 03/03/2011 - 11:46 | 1014958 Ray1968
Ray1968's picture

ES put options!

Thu, 03/03/2011 - 11:48 | 1014963 emsolý
emsolý's picture

Somewhat related:

John P. Hussman: Cash and Credit - Implications for the Financial Markets

http://www.hussmanfunds.com/wmc/wmc110228.htm

Thu, 03/03/2011 - 11:46 | 1014966 buzzsaw99
buzzsaw99's picture

Whatever happens JPM & GS will profit.

 

1) They will know in advance what the fed is going to do.

2) They used all the loss reserves and income for bonuses so if somehow they do lose they will get another bailout.

Thu, 03/03/2011 - 11:46 | 1014968 101 years and c...
101 years and counting's picture

"What happens if there is no QE3?"

The US defaults.

Thu, 03/03/2011 - 11:57 | 1015017 Sudden Debt
Sudden Debt's picture

I propose in anticipation of the US default, you all ship you good looking woman to Europe.

They can serve the Europeans as cleaning ladies and in return they can send a part of their paycheck back home to support the family.

The cost of living will be kept as low as possible for them. They can sleep in the bed of their masters, and if they produce babies they'll also get a bonus for the donation to the stem-cell clinics.

 

Thu, 03/03/2011 - 12:02 | 1015037 patience...
patience...'s picture

In your dreams...

Thu, 03/03/2011 - 12:06 | 1015067 Sudden Debt
Sudden Debt's picture

I'm just trying to help out...

 

I can house 4 "cleaning ladies" because I'VE GOT A LOT OF CLEANING THAT NEEDS TO BE DONE!! THE WOOD NEEDS TO SHINE!!

 

Thu, 03/03/2011 - 12:29 | 1015191 I am more equal...
I am more equal than others's picture

Only 4... should be at least 7 ... one a day will keep the player at play... rinse then repeat

 

Thu, 03/03/2011 - 13:12 | 1015370 MachoMan
MachoMan's picture

The proposal is inherently flawed...  you expect a good looking american woman to lift a finger in the home?  You'd have more luck just printing an ad looking for prostitutes/escorts...  at least there isn't any misconception...

Thu, 03/03/2011 - 12:58 | 1015316 Head for the Hills
Head for the Hills's picture

Funny coming from someone who lives where

swinging dicks from USA have been occupying

the place since 1944.

Thu, 03/03/2011 - 14:25 | 1015693 Miles Kendig
Miles Kendig's picture

Which is why he suggested it.  Just wait until Ukies start dropping Hryvnia on BL American imports

Thu, 03/03/2011 - 12:15 | 1015101 Eternal Student
Eternal Student's picture

Naw. We just ship the ugly ones, stamp them with a AAA rating, and the European's will be delighted. After all, it worked so well before. And it's a win-win all around.

Thu, 03/03/2011 - 12:19 | 1015145 Captain Kink
Captain Kink's picture

+10  OMG, LMAO!!!

Thu, 03/03/2011 - 13:58 | 1015575 augmister
augmister's picture

Not to Europe, CHINA!  Send those milk-jug blond CA Valley Girls over to China to be auctioned off to the highest bidders (gold only).   That way we export both inflation and drama!

Thu, 03/03/2011 - 19:02 | 1016790 malek
malek's picture

Hahaha, you got the hang of it!
+69

Thu, 03/03/2011 - 12:01 | 1015038 Spastica Rex
Spastica Rex's picture

>THFFPTF!< Milk just went out my nose.

Thu, 03/03/2011 - 12:08 | 1015070 Confused
Confused's picture

Looks to me like europe has all the beautiful women.

 

http://www.cdc.gov/nchs/fastats/overwt.htm

 

How about we swap. You can keep the money they would send home. Sound fair? 

Thu, 03/03/2011 - 12:20 | 1015143 piceridu
piceridu's picture

Funny shit

Thu, 03/03/2011 - 12:30 | 1015189 66Sexy
66Sexy's picture

Europeans? LAWL they are in worse shape than we are. At least we wll go down fighting; europeans are already conquered.

Thu, 03/03/2011 - 15:48 | 1016089 doggings
doggings's picture

go down fighting? only once the TVs go off.

Thu, 03/03/2011 - 12:56 | 1015301 serotonindumptruck
serotonindumptruck's picture

We will send you Madeleine Albright.

Thu, 03/03/2011 - 13:29 | 1015448 New_Meat
Thu, 03/03/2011 - 14:04 | 1015605 trav7777
trav7777's picture

HAHAHAHAHAHA

You want AMERICAN women?  These are the most self-absorbed and delusional women on the planet and you think they will clean for you when most prefer to outsource their own chores to illegals?

American women are toxic...you can have them

Thu, 03/03/2011 - 18:13 | 1016607 naughtius maximus
naughtius maximus's picture

Agree! total toxic assets the lot of them

Thu, 03/03/2011 - 14:46 | 1015806 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

This is coming from a Belgian whose country is about to be torn in two and default. It is more like ship the Belgian ladies to us Americans. Ohhh la la!

Fri, 03/04/2011 - 01:18 | 1017651 Silver Super Bu...
Silver Super Bull Market's picture

If the US defaults what exactly will happen?

Thu, 03/03/2011 - 11:47 | 1014969 gmak
gmak's picture

The June 31st date must be the limit for an asymptotic curve. We approach but never fully arrive (except in ancient greek stadiae).

Thu, 03/03/2011 - 12:36 | 1015214 Bob
Bob's picture

Zeno disagrees, but you may be right--the Chairsatan is on a train of printers that is inching closer and c-l-o-s-e-r to the speed of light.

Thu, 03/03/2011 - 11:46 | 1014971 TradingJoe
TradingJoe's picture

They cannot and will not stop printing, if they do.....Total Collapse! Rosie just stated the obvious but only very mild! The FEDs put themselves into a corner from which there is no escape, the only way is DONW and B(D)UST!

Thu, 03/03/2011 - 14:49 | 1015833 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Two results can come from this:
1) Continue printing. Inflation will collapse margins sending companies into a tailspin.
2) Stop printing. Debt deflation occurs along with a default. Pick your poison Chairsatan.

Thu, 03/03/2011 - 11:46 | 1014972 John Wilmot
John Wilmot's picture

I think we've got a few more months before the likely summer stagnation/correction when QE2 ends and before QE3 is officially announced. Summer 2011 shall be one great BTFD.

Thu, 03/03/2011 - 11:48 | 1014974 Azannoth
Azannoth's picture

The FED is like a Whore with rabies spreading it's legs and offering a 'no interest' service financing

Thu, 03/03/2011 - 11:49 | 1014976 reload
reload's picture

"Now you know how to play the second half of the year!"

 

Thanks-keep buying Gold. That was my plan anyway.

Thu, 03/03/2011 - 11:49 | 1014978 Quintus
Quintus's picture

I hope  "The ones who were switching out of equities, commodities, and other risk-assets." have a lot of money, 'cos Ben has quite a few trillions in new issues he needs to find buyers for over the next few years.  Personally, I think Rosie is being overly optimistic in assuming that there's enough free cash on the planet, absent the Chairsatan and his printing press, to soak up the supply.  There will be more QE because there has to be.

Thu, 03/03/2011 - 11:48 | 1014983 Sudden Debt
Sudden Debt's picture

THERE WON'T BE A QE3!!

 

it will be called the MSD 1.0 (The Money Shitting Donkey)

Thu, 03/03/2011 - 11:53 | 1014992 Goldbugger
Goldbugger's picture

They won't call it QE3, they will just do it and hide it like they did with M3.You don't need to know the man behind the curtain...

Thu, 03/03/2011 - 11:55 | 1015009 falak pema
falak pema's picture

Hardly. It has to grow through POMO circuit. Or it's not on FED books. Which other way is there. Those primary dealers will never do it w/o official FED cover. No way.

Thu, 03/03/2011 - 12:26 | 1015167 Captain Kink
Captain Kink's picture

They will simply extend QE2, First by slowing their purchases in the last 2 months to 50 or 75 Billion and stretching the original 600 bil for an extra couple of months, then by continuing at that rate through the end of the year...Unless equities get cracked this spring--due to MENA, European Sov Debt, or some other issue--which I would put at 50% minimum probabililty.

Thu, 03/03/2011 - 11:53 | 1014994 mcguire
mcguire's picture

wrong question..  the real question is how will the markets and the fed respond to ww3..

Thu, 03/03/2011 - 11:57 | 1015023 falak pema
falak pema's picture

WW3 is already on! It's the monetary war raging. You're referring to WW4 the military hardware war when WW3 is over, and presumably the US/FED the loser.

Thu, 03/03/2011 - 11:53 | 1014995 Yardfarmer
Yardfarmer's picture

there is simply no feasible alternative to monetization. the die is cast. the Fed's real goal? no, not the ignition of investor risk appetite, but the devaluation of the dollar, hyper-inflation and with it the implosion of the US economy and unprecedented massive social chaos upon the ash heap and rubble of which to build the Novus Ordo Saeclorum.

Thu, 03/03/2011 - 12:27 | 1015176 Captain Kink
Captain Kink's picture

bingo.

Thu, 03/03/2011 - 12:36 | 1015212 LawsofPhysics
LawsofPhysics's picture

We have a winner.

Thu, 03/03/2011 - 12:45 | 1015258 Rodent Freikorps
Rodent Freikorps's picture

That is really gonna suck.

Thu, 03/03/2011 - 13:15 | 1015393 ElvisDog
ElvisDog's picture

Ugh, not the New World Order again. Remind me who would be on the governing council of the New World Order. The reason there will be no global New World Order is that presumably it would not be an efficient way to run the world. Economic output would decline, right? The world is already on the brink of global revolution because there are too many poor people who can't afford food and energy. And you suppose that when the New World Order makes people more poor, more hungry, and colder that they will just sit around passively? No fucking way. Your New World Order would last about two months and then be followed by New World Peasant Revolt.

Thu, 03/03/2011 - 14:23 | 1015685 SilverBaron
SilverBaron's picture

The New World Order comes after the revolts and WW3.  It is after the mass die off.  See the Georgia Guidestones.  Maintain world population under 550 million!  That means over 6 billion must die.  Ten thousand will fall at your left and ten thousand at your right.

Thu, 03/03/2011 - 11:55 | 1015003 EscapeKey
EscapeKey's picture

1. Buy treasuries.

2. Pledge treasuries as repo collateral.

3. Goto 1.

No QE necessary. John Law engaged in a similar scheme.

Thu, 03/03/2011 - 12:18 | 1015136 Horatio Beanblower
Horatio Beanblower's picture

Good old, John.  He was simply misunderstood.

Thu, 03/03/2011 - 15:59 | 1016132 Non Passaran
Non Passaran's picture

Now I see why usign GOTO is not a good practice!

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