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How You Know The Time For More QE Has Come
Yellen, we have a problem...
Bloomberg's Comfort Index for those earning over $75k suggests it's time for Yellen to "get back to work."
Chart: Bloomberg
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Not sure what he's trying to say
Having metals already and cash in hand (as opposed to stocks or in the bank) is currently the best course of action. If things do go "South", cash will be king for a while until the bottom is in. Then concerted efforts by CBs will drive all asset classes higher but PMs stand to benefit alot more the 2nd time around. Confidence is all but gone anyway.
Of course I would rather buy at $12.50 ... but I believe when the paper price reaches said level, there wll be no physical to buy. Those who are banking on the physical being available then will be out of luck, just as those hoping to exit the stock market at an all-time high will be out of luck as they try to get out the same liitle door that millions of others are trying to use.
yellen, bernanke and the rest of the Fed clowns knew before this QE nonsense started that it was doomed to fail
yellen will go down in history as a dirt person
So i am not that confident ?
Didn't really noticed it.
But then again, nobody asked me.
How the fuck does "high income earner confidence" go lower and lower? They've never had it that good?
Are they worried that the S&P won't continue to double despite stores closing, layoffs, and stagnant income for those NOT high income?
They've gotten theirs and the assets they continue to own keep rising. Stop fucking whining, buy some expensive wine, and enjoy the collapse of the empire while you make billions off the rest of the country's labor, you ungrateful twats.
High Income Earner thresholds:
2013: 80K
2014: 75K
2015: 70K
2015: 65K
...
Because 65K will feel like a million bux when you're working four part time jobs to pay rent.
A family of four cannot survive in the SF Bay Area with mom or dad working a 75K job. For fuck's sake, a crummy old house for rent in Poopertino, CA is ~$4000/mo.
you can buy a crack house in hooker ville oakland for 500K
Where do I sign up?
Do it, convert all rooms to bedrooms and rent them out by the hour. 5 bucks an hour x 6 rooms and you pay Conzuela 100 bucks a day to keep cleaning the sheets.
Between the current USD-driven decline in its price and this chart, it seems like a hell of a "buy gold" signal to me.
The squiggles on these charts won't even show up when gold is done. What does $35 an ounce look like on a long term chart? It looks like zero. When gold has another 2 zeros on the end of it, and it will, 1250 will look like zero. Whenever a bunch of bankers all get the same idea, and it appears to be mathematically stupid, you have a good long term investment taking the other side. But bear in mind, bankers are stupid beyond belief. They can stay stupid longer than you can remember where you hid your gold.
Stagflation - the gift that keeps on giving. Bernanke left Yellen a little present when he left.
I wonder if the Bernanks sits at dinner these days saying, "it's still going to work, just you wait...Just wait, it'll work..."
Meanwhile everyone is looking at him like, "how can such an educated person be such an idiot fuk face"
Methinks he studied the Great depression a little too closely.
The great depression became the great depression due to government and bank interference. We are now in the second great depression but nobody will admit it. Depending on where you live things will either get worse or much, much worse with Cali leading the way down the toilet.
I think he studied how to keep banks operating and not how to stop a depression.
Sounds like my house when precious metals are discussed.
i gave you an up arrow, however, with the high jewish holidays upon us, trust me, bernanke does NOT hold holidays, or spend his hard earned dollars feeding anybody who would question him. did not while in office and will not now. and yellen LOVES his present, she gets to be the first female (ouch. would you marry that? i wouldn't even tough it with your dick, even when i was young and out of control) in charge. so, she doesn't even care what happens, she gets to be a jew bitch in charge of the world's ever largest economy. thinks she will live forever.
dumb. dumb. yeah. it's not tulip bulbs.
thanks ben, thanks greenspan, thanks bitch. thanks the tribe.
Greenspan left a steaming one as well. He mapped out the process and the rest just followed him over the cliff
Mr. Yellen, it is time for you to be confident in yourself and the FED and end QE completely then put the prime rate at 5%!!!
Who said QE stopped?
QE actually increased through Euroclear in Brussels
Yea it's just ridiculous....I'll believe QE ever stopped when kilo bars of pure gold start shooting out of my ass!
Consider me a human Depends then. Cleveland steamroller never felt so good. Shitastic!
I miss Hot Karl posting here.
TO MY FOLLOWERS AND FOLLOWERS ONLY....
I am expecting assassinations between bank lobby and military complex now.
Bank lobby is not surrendering in peace
"When it becomes serious, you have to lie"
-- Jean-Claude Juncker
They all lie, so it really IS serious.
http://www.federalreserve.gov/newsevents/press/monetary/20131031a.htm
Fed is doing QE at Euroclear in Brussels via ECB...... UNLIMITED.........currency swaps.
That was from October of last year. Any idea if it's still going on in August of 2014?
unlimited and STANDING ARRANGEMENT
The limited ones occurred right after MFGlobal collapsed when the whole world financial system seized up
I'm sure it's still ongoing but can't seem to find data to support that. Do you have any links?
If you are looking for data, then you will never discover anything.
All data is manipulated, including Fed data.
The entity which has the correct information is never interested to reveal that information. On the contrary, it will mislead everybody else
So as long as one or more of the central banks create more QE the currency swaps would be used in buying US Treasuries? Can anyone detail how this might work a little for me. I'm a bit confused on the flow of the transactions involved.
Simple.
ECB and FED do a currency exchange of $10 billion out of nothing at an agreed upon exchange rate.
So, Fed gets Eur7 billion that ECB creates out of nothing by buying USD from Fed and vice versa. The instantaneous transaction creates instantanaeously both quantities of currencies.
Then ECB uses $10 billion to buy UST at Euroclear in Belgium
Thanks. Are there any, not that it would be all that truthfull, detailed numbers tracking the amount of swaps between central banks? I think I know the answer but I'm wondering.
No.
it's a worldwide game of central bank musical chairs. Just don't be the one standing when the music stops.
Exactly.
Why you think they ar starting up the wars again, folks?
The S&P dropped 10 points, therefore those who make over 75K are discomforted so its time to stoke QE up 'again', as if the ever tapered it at all? For fucks sakes, this world is entirely too retarded to even live in!
The tip was tapered, however girth was increased...can you feel it now?...how bout now?...FORWARD!!!!
Pay up, C Double. All penis analogies related to economics belong to TalkToLind. I built that! :)
Due to liquidity issues in bond market ... QE HAS TO STOP
However, when the next recession hits ... and deficits soar again ... there will be enough fuel for further QE
"when the next recession hits ... and deficits soar again ..."
a) the last recession never ended, and b) deficits ARE soaring.
CBO projects a deficit of $506 billion for FY2014 ... still high, but a lot lower than $trillion+ a few years ago.
Furthermore, FR buying avg maturity of 9 yrs ... much of the Treasury debt issued is in Tbills and short term (several years) notes.
Running out of long dated supply
You go on believing in those bogus, unicorn numbers. The unfunded liabilities are in the 80+ Trillion U$Ds, rising fast, so their "official numbers" are a farce. But that's just my 2 oz.
Debt is $$s already spent
unfunded liabilities completely different animal ... Congress can vote to do away with social security, medicare, whatever ... no more unfunded liabilities.
Of course, they won't do that, but can surely means test, cut benefits, raise taxes to cover, etc.
Sure, Congress could also create an $80 trillion dollar coin to pay its debts. However, creditors/citizens would react pretty strongly. But carry on with your fantasy. I'll be sharpening my combat knife.
we are in free fall off a cliff. However, a gust of wind just slowed our decent so things are getting better. It's a windy day, we'll be fine.
Bernanke says hyperinflation has only occurred after a major war. He sermised since we have had no major war there should be no hyperinflation due to the Federal Reserve's reckless printing.
LOL, let's double the $17.7 trillion deficit again to $35 trillion until the Fed triggers a currency crisis.
The other day they tried to surgically remove 7 trillion with a magic trick. Didn't work so well. People are paying attention to this minor detail.
wot u talkin bout?
http://www.zerohedge.com/news/2014-09-08/how-fed-mysteriously-eliminated...
The economy and dollar will fail when the Rothschild banksters say it will.
There are no black swans, only additional "printing" opportunities.
An American, not US subject.
kchrisc,
The economy will fail when there's nothing else to swap dollars for outside America.
In the mean time, enjoy it!
Market should panic soon.
There's been many stocks where holders have paniced lately. It will SPREAD.
The market will panic when the HFT's start oscillating and I've got popcorn and premium tequila saved up just to watch the show...
Don't worry, bitchez. If flight 93 hadn't crashed "on its own", we were prepared to go kamikaze on that ass. Did you hear that: KAMIKAZE!!!
"Actually that's a brilliant concept. Write it up and get it out to AP and Reuters straightaway, heavy rotation. You'll get a nice bonus for this."
http://www.nbcnews.com/id/44459345/ns/us_news-9_11_ten_years_later/t/kamikaze-f--pilots-planned-ram-flight/
Did the Fed just release comparison statements to GDP vs market growth. I'm seeing an article here which is causing some commotion.
http://www.marketwatch.com/story/gdp-growth-says-stocks-are-wildly-overvalued-2014-09-11?link=MW_home_latest_news
Gold and silver are being sold down to prepare the next phase of QE. If and that is still a big "if" the ECB goes full retard to embark on their version of QE, the Fed cannot continue its "tightening".
Fed's idea of "tightening" is like performing liposuction on a 400 lbs woman with a syringe and expecting a super model at some point.
Physical metals are the only asset to stock in this type of "beauty" parlor where cosmetic surgeries are performed by unlicensed quacks.
Ctrl-P, Ctrl-P, Ctrl-P......... Ctrl-P. I think its time for some $500 bills.
-That's all Folks-
Nah they will go straight to the $10,000 bills and on up. I'm willing to bet they already have plates prepered at the mint.
Nope, that would make the inflation too obvious. They'll change over to the so-called "red money."
And the new ration coupons won't?
This is a propaganda survey simply to make you believe that if you make over $75k you are a "high income earner". Damn it feels good!
QE! QE! QE! QE! QE! Jeusus, does anyone remember the orignal justification for QE? It was never meant to become a permanent fixture of the base line economy. Yet it is, anyone seeking to study of read the economic outlook, must now use QE as a baseline to add all other figues and variables to. This is just like the old USSR and Soviet central planning, they just grabbed a gimic out of their asses, made it the law of the land, and let the chips fall where they may. Now the great free enterprise America has a Soviet Planning mechanism in the Federal Reserve, and with out one single vote of the people, can dictate money printing, asset purchases and never ending liquidity dumps to the banks and their followers.
QE, has never produced one loaf of bread, paved one road, educated one kid, treated one cancer, put one roof on a house, manufactured a rake, or anything, yet the Federal Reserve feels IT should be the decider and driver of economics in what was once a capitalist nation.
I see this as just one more sign of the dictatorship of the Banks, Corporations, Wall-Street Investors and general 1%'ers. They own congress via bribes, and they control the entire financial system via the Fed. We others have no say, other than to vote for one or the other hand picked bribed candidates the elites present before for as as so called choice.
The system is corrupted beyond hope. America is a dead issue. Freedom and capitalism died, it WAS sick, but 9/11, and 2008 killed it stone cold fucking dead. Don't believe me, go out on the street with a sign that says "I want change" and watch how fast militarized cops descend on you with full combat gear, tazer you, mace you and choke hold you off to prision as an enemy of the state. Try to protest, just try it, they will beat you down in a New York Second!
An election is coming up, put the cynicism aside and vote so that GOP takes the Senate and at least give this country a chance to stop the progressive Dictatorship.
It's now or never. Should have been done in 2012.
Sure, GOP sucks, too, mostly, but gridlock is better than granting a free pass to destroy what is left of our country.
Perhaps I've reached whatever lies beyond the cynical stage; but, really? Do you honestly think that anyone from the GOP (or Independent, or Green, or even Ron Paul) could turn this country around? It has reached the empire's death spiral; there is no turning back. The only change is going to come when the masses start feeling the rumbling in their bellies, from lack of food, and take to the streets. After a few hundred thousand of them get mowed down by militarized police, then maybe, just maybe, we'll get a reset of the system. It's going to be bloody; it's going to be ugly; but I fear that it is probably the only way. I sincerely hope I'm wrong, but fear that I am right.
We better be careful -their model is Bolshevik Leninist/Stainist Russia -pretty much run by non Russian Jews ---killed from 20-100 million Russians -by starvation, torture, execution, and hellish work (death) camps in Siberia. There was hardly a whimper or any opposition out of the masses -they were all petrified and in fear -that's exactly why we should resisist to the death the confiscation of our firearms.
Gentlemen,
Do you really believe if we have a reset, things will improve?
Do you really believe that, by the US not controlling key resources, Americans will have more abundance?
Do you really believe if the US stop QE and credit-money, Americans will be able to buy more goods?
Remember that you and I don’t get to make the facts…, right?
have to disagree--Bush/Cheney was no better. They were worse and would have been far worse if they could have stayed in office. They also killed 3000 americans on 9/11.
So in 2016, because Hillary is the Dem nominee, I'm supposed to vote for Jeb Bush? No fucking way. If the choice is to eat shit or eat vomit -I'll take a pass. Plenty of acceptable third party candididtaes on the ballot.
The image of that cop (or whatever he was) in Berkeley, crouching down, taking aim and shooting that marine vet in the face with a beanbag or tear gas round or whatever, from about 15ft away, fracturing his skull, then slipping to the back of the cop line and lobbing a stun grenade at those who came to help will never leave me. Uniformed assassin.
[Scott Olsen - he got $4.5M but I don't know if they ever identified or prosecuted the perp]
"...the Oakland police department has recently promoted two of the police officers involved in the shooting of Occupy activist Scott Olsen."
http://www.activistpost.com/2014/04/promotion-given-to-cops-who-shot-occ...
So the taxpayers are out $4.5M and the assassin gets promoted.
"Occupy activists" are clowns.
Said the fucking bank stooge...
It is up to the individuals on the spot at the time to respond appropriately to the murdering thugs with badges. If the thugs want blood, then they should get their guts stomped out. The lesson here is that if you have an inkling there is going to be thugcop murder at a protest, bring your firearms, and your trained buddies. There is no justice in the courts, so either there is no justice, or you take it in the street.
Idiot, you'll just get innocent people killed. I hope YOU get stomped.
Identify the thug cop and find out where he lives. Go to his house one night and politely ask him to stop such nonsense.
Any nation that allows such attacks on peaceful protest by veterans is a nation headed for the shitter!
Tear what you can from the carcass while there is still some left. Survive for the rebuild. (fingers crossed)
Nor was Keynesian deficit spending to become a permanent fixture... but it has.
Yeah but that's the sad thing about crack and horse and QE and all, you can't just keep cranking it up forever.
"Time for more hair of the dog that bit him"?
(old drunkard's solution to a hangover...drink more)
What was the definition of insanity? If it does not work, keep repeating?
Right. The way to help Mainstreet is to throw more trillions to Wall Street and the super rich TBTF bankers.
Right.
And ZIFP so fixed income elderly get no interest income and can't even afford name brand dog food.
Right, steal from the middle class and give to the super rich.
But also give a lot to the Free Sh*t Army, to buy votes.
Bread and circuses Bread and circuses. Where has that been tried before?
DK
iz volatile series but interesting point. the water is very cold and very deep beneath the thin layer of ice.
...while the Free Shit Army sees a much rosier picture.
"Freedom's just another word for nothing left to lose...."
Bullish ticker EBT. Oh, that's not a ticker, my bad.
So what is this graph based upon? Is it a poll of rich folk, what?
fuck the old pussy until she reasons.
These "markets" are so psychedelically distorted, batshit crazy nonsensical, that I think I'm just going to drop back in punt formation, and buy that farmland I've been coveting.
As the prophet once said "tune in, turn on and drop out".
Dropping corn and soybean prices from this years massive harvest will leave farmers that have been buying high price farm land in a bit of hurt. We may see some farmers pushed into selling.
it takes 3 good years to break a farmer
75k ... Isn't that the new poverity level.
In other words, the American experiment is over. A large fraction of Americans have botched their lives so badly, they see no way out. They sit around numbing their brains with electronic indoctrination and medications laced with poison… waiting for someone to bury them.
And, what keeps them alive? Additional cannibalization of following generations of Americans.
You see, QE involves the monetization of debt instruments issued by governments, either directly (US Treasuries) or ultimately (Mortgage Backed Securities owned by the FedRes). These are instruments by which a generation of tax consumers financially cannibalize following generations of tax payers. In less gentle terms, it is the method by which people eat their children.
Ah, yes, most Americans are a sad lot of rotting slaves. Too bad; for they have the power to redress any grievance that could be named… and they refuse to use that power.
There are three main reasons for that failure… (full article).
I really appreciate, admire and understand you guys, Totally kindred spirit. But I think y'all deserve to laugh at how really unexpectedly lucky, histyrically (spelling?( lucky we are. There has never been such. Burn it up, breathe it up, be willing or not to happily die for it. But all you young bucks and you rusted old bucks. It is actually, for at least one more time, September in America. Be bright eyed and bushy tailed for the sake of this magnificent WHAT IS. Breath deeply of the last cheap FREE air there is. We have to bleed for any in the future. Context brothers.
FUCK. YES.
It's Fall, in America, one more time. Rejoice, bitchez.
I'm gonna stomp on every damn crunchy leaf that comes my way.
The real 'kick-in-the-head' is that is you added up the pre-tax equivalent of what the free shit army receives, it would probably be greater than $75k.
It really pays these days to be a lazy ass.
Few Americans ever really work through the numbers but fact is if you can get enough from the Government in disability, unemployment, or some other kind of welfare why even jeopardize that income by thinking about taking a job.
For all the moaning about how it is not enough and those living on the dole are forced into a life of poverty in fact those that suffer greatly often do so because of poor spending choices rather then the amount they receive. The article below delves into why people often choose to live a life as unemployed in America.
http://brucewilds.blogspot.com/2013/06/living-on-dole.html
I'm just really indignant over having to pay the tab for these parasites that I see overwhelming the bus stops, etc. And what the fuck is up with all these stupid tatoos on people who look like they can't even afford the $9.00 pack of cigarettes that they can't live without? Lazy is over estimated. It must be a miserable existance.
Meanwhile....
http://www.silverdoctors.com/big-banks-manipulated-21-trillion-dollar-market-for-credit-default-swaps-and-every-other-market/
Both people and governments have lived beyond their means by taking on debt they cannot repay. Over the last several decades we have created entitlement societies built on the back of the industrial revolution, technological advantages, capital accumulated from the colonial era, and the domination of global finances. Promises were made on the assumption that the advantages we enjoyed would continue.
Ever greater prosperity and entitlements were to be sustained through debt financed consumption growth. In that eerie fantasy world, debt fueled consumption was to be the catalyst to bring about evermore growth. Now reality has begun to come into focus and it is becoming apparent that this is unsustainable. The entitlements and promises that have piled up have become overwhelming. More on why this system will fail in the article below.
http://brucewilds.blogspot.com/2014/08/modern-monetary-theory-is-wrong-d...
From your linked article's title:
"...debt does matter..."
How could it possibly NOT matter?
Only if it is never going to be repaid.
Fck all you azzholes that think you have to tell people they are stupid for taking sides and knowing WHAT my that side IS. Your all a bunch of inadvertent D shills and most likely feel guiltly because you bought into some form of bs that doesn't work from leftie land. Your not that smart, your just frustrated that nothing seems to work and you don't know who will butter your bread politically. Some of us aren't as discouraged as you are. Yes, we see how fked up things are but we take a longer view.
err.....uuhhhh.... we may well be what you say, likely not, but for the the future, "your" in this context, the possessive, is "you're".
thank yew,
Grammar, Syntax, spelling and Word Police.
.
You can curse here, it's okay. No need to censor yourself.
Ronald Reagan comments on QE policy.
https://www.youtube.com/watch?v=OzXPWZ0HKts
In the first place it never left.
In the second place, it works much better when the richies know the Fed is printing.
When you have incurable cancer, don't you feel much better when the oncologist tells you he's ordering chemo for you?
Their confidence is down, because they see how many of their "less fortunate" friends and family are struggling, and often get hit up for loans, etc. They fear the day when things turn much worse, and they'll be the targets of those with very little. They are correct in worrying as this experiment with creating the biggest global asset bubble of all time has failed to "trickle down."
In a nutshell, they realize their "wealth" is an illusion, and they are just as fucked as everyone else. All ships will sink from the flood of this imploding debt bubble......
People had damn well better buy land, learn to farm, and be all-around self-sufficient. We will see the return to a barter economy on a large scale in my lifetime.
QE needed. Election in a couple of months. Pump up the volume!
See what that graph looks like when the Dow 30 is at 8,000.
www.traderzoo.mobi
$75k is irrelevent to policy. What are those who earn $100 million or more per year saying?
Up my FAFSA Yellen MuthaFukka.
Really, no ack of this. Don't make me talk righteous. good nie.
The Fed will raise rates. Watch Asia tank.
This article saw the screaming dollar coming. Here's a look at why the dollar is rocketing upward.. it's all about social mood -- it's a problem for the Fed and the big banks because a strong dollar will pop the huge debt bubble and translate into higher yields as the article below on the US 10 YR explains.
The huge debt bubble is bursting:
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
The dollar is taking off
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-historic...
The 10 YR yield is about to explode also:
http://www.globaldeflationnews.com/10-yr-treasury-index-yieldelliott-wav...
It's about to get very ugly.
Economic war holds the same principles as a shooting war, 1) self preservation 2) destroy the enemy. The self preservation is always at a price, this requires a sacrifice, this is a small contradiction in an attempt to preserve the 'greater good'. In short who will be sacrificed in our economic war with Russia? In my opinion our government is completely inept, this will be a great American defeat, the victors will be Russia and China because both have been quick to maneuver and we are caught in our predictable role as a nation of self entitled bullies, printing more money and expecting the world to buy our debt. Russia and China are creating alternatives to our dollar hegemony and Russia and China have us surrounded by alternatives and now they will ignore us and allow us to implode, there will be no future re-financing the too big to fail, we will fail because of bad policy and arrogance, the world will ignore us and we will fall into a great depression and this time America will be sacrificed for the the greater good.
I'll go ahead and translate the graph for those lacking...
Red Line is smart people/ insider traders/ bankers/ congress
Green line is us.