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The QE4 Countdown Has Begun
Actually, it may well be QE5, or QE6 depending on how one counts Operation Twist and the extension of QE3, but what matters is that the countdown to whatever it is, has begun courtesy of none other than one of the Fed's biggest doves, the head of the Fed which spawned Janet Yellen, San Francisco Fed's John Williams
- FED’S WILLIAMS SAYS QE MAY BE NEEDED IF ECONOMY FALTERS
This is what a happy, money-printing John Williams looks like:
More from Reuters:
The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target.
Although he said it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying, John Williams said the possibility of a new downturn in Europe and other global economic woes pose a risk to the United States. "If we really get a sustained, disinflationary forecast ... then I think moving back to additional asset purchases in a situation like that should be something we should seriously consider," Williams said in an interview with Reuters.
Rinse, repeat, for round number 4 (or 5, or 6), in the process completely destroying what little is left of the middle class and making the uber super rich uberer, superer richer. Because when all is said and done, the Fed will either get runaway inflation through money printing or hyperinflation through collapse of the US reserve currency. There is now no middle ground, further compounded because the Fed has sole control of the CTRL and P buttons.
Needless to say, Williams is right and more QE is just a matter of time before the data-dependent (dependent on the data describing the drop in the S&P that is) Fed realizes that this aggression against rigged markets can not stand. What's worse, this lunacy will continue until the US people finally go all "French revolution" on the Marriner Eccles building and give the locals the Marie Antoinette "haircut."
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The monetary beatings will continue until moral returns. Or was that morality?
Remember Kids..... Stop, Drop, & Print.
what a fucking turd ... can't these fucking shit-heads think of anything else other than blowing fucking bubbles?
Who is this Bubbles fella you speak of. He sounds like a partier.
No different than drug dealers (illegal and pharma). They withhold the drug for a short time to show you how much you need it.
I cannot come up with a description bad enough for these decrepits. They're humanities worst of the worse.
Benny,
I’ll be late tonight, we’re putting in overtime at the office.
Janet
X O XO
I just ran this through my new iPhone Federal Reserve Translator App and got this:
“if inflation trends were to fall significantly short of the U.S. central bank's target”
If the S&P 500 falls short of the CB target
“it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying”
We’re probably talking another couple hundred point drop on the DOW, or if Tepper, Buffett, et al. start giving us a hard time, whichever comes first.
“the possibility of a new downturn in Europe and other global economic woes pose a risk to the United States.”
Basically, we’ve already got a world of excuses in our pocket to do it.
"If we really get a sustained, disinflationary forecast ...
As soon as we figure out how to tweak our models to produce a sustained disinflationary forecast.
“then I think moving back to additional asset purchases should be something we should seriously consider"
Then we should do what I just seriously considered doing.
When will pensions start blowing up? Isn't it inevitable if they continue?
Pensions will be paid with devalued currency. What good is your pension when bread is $20 a loaf, and gas is $50 a gallon?
Most are in equities and bonds so they need to keep both markets propped up to meet their fantasty return estimates.
The more and more I study derivatives it now appears the main goal of QE may have been to hold up the underlying value of assets that feed into and support the massive derivative market more than help the economy. QE has up to now stopped an implosion of derivatives and the resulting contagion and shock that would have spread throughout the financial system.
Everyone paying attention knows that the size of the derivatives market is about 20 times larger than the global economy. About 95% of the $230 trillion in US derivative exposure is held by four US financial institutions, the article below looks into how this could collapse the economic system.
http://brucewilds.blogspot.com/2014/03/derivatives-house-of-cards.html
Print motherfuckers, PRINT.
I was thinking; Mike Judge missed one very important item in his movie Idiocracy: the wheelbarrows full of money! Seriously, how much would that burger at ButtFuckers cost immediately following QE 8437??? Hell, if they ever film Idiocracy II, it must have cental bankers in it. My vote for the role of Federal Reserve Chairman goes to Honey Boo Boo.
No.
It's BORROW you MF'ERS BORROW! Put your GRANNY's arse in HOCK.
I think I like the other John Williams better:
http://www.shadowstats.com/
They're literally just looking out for Golman Sachs, et al.
Nothing to see here, move along.... American people heard what Ron Paul had to say and decided that a 4th term for Bush, in essence, was the way to go.
If the economy was healthy and balanced we would not be experiencing slow growth while massive amounts of money are being printed and poured into the system. The crux of our problem remains in the fact that 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 in both Europe and the US. 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. Debt does matter and the following article delves deeper into why kicking the can down the road will ultimately fail.
http://brucewilds.blogspot.com/2014/08/modern-monetary-theory-is-wrong-d...
Not a hell hot enough for these bastard Feds!
Doing satan's work.
Stores are keeling over -- little foot traffic and almost nobody purchasing any of the piles of clothes, coffee machines, ...you name it ... despite tons of sales.
There's be alot more empty store fronts this wonter I'm afraid.
On the bright side, the Vietnamese nail salon seems to be doing well as is the next door donut shop and new noodle joint.
Another name added to the list, must get some more Piano wire
"... if more money were going to the market, then they would lose much of their value and we would lose profits because we are the ones who print money! That's why we invented inflation, to keep governments in fear and directing money back to us through the so-called Quantitative Easing Policies."
http://failedevolution.blogspot.gr/2013/12/an-imaginary-dialogue-between...
This year
its to infinity as J.Willie stressed all along. Many called him nuts, but like many things he stressed in the past, they often come to bear!
And interest rates will (can) never go back up. The end is near.
Regardless of what you call it the "Federal Reserve Nightmare" or the "Yellen conundrum", the box Ben Bernanke made when he painted both himself and the Federal Reserve in a corner remains. Bernanke has by passing the chairmanship to Yellen escaped from the QE trap but left the rest of us fully in its grasp.
With a policy of loose and cheap money and an inflation target of just 2% the Federal Reserve continues to please those gambling that not fighting the Fed guarantees profits. I wish someone would let the Fed know we have already passed their inflation target.
As many Americans are forced to pay higher food, gasoline, and health insurance premiums any thought that inflation is not higher has come from the false illusion brought from lower payments on things like auto loans and mortgages. This is a one off and will not continue. Trouble lurks ahead. More on the problem of getting off QE in the article below.
http://brucewilds.blogspot.com/2014/06/exit-strategy-from-qe-remains-elu...
for Hitlery it matters, two more years of float then vote.
thing is on QE4, other countries will start to reject the Federal Reserve Note. US will have to introduce a domestic dollar and devalue that instead before you are able to obtain imports. Just look at Venez. as the case study.
I do not believe a 2 dollar system would even be attempted. When the dollar dies everyone (who thinks at all about the monetary system) will know and a new currency with a different structure will be needed for the new monetary system.
This thing has been on a ventilator for so long, even the immediate family will know that the time to pull the plug has come. And do not forget...in a hyper inflationary collapse debts are forgiven...so not everyone will be upset. Those holding bonds and paper gold might find the need for mood altering substances however.
The bell tolls for the dollar. Hyperinflation by December 31st.
Seems to me the people want moar!! They like a higherer S&P...no way anyone loses their head in hyperinflation. That only happens when they keep the money too tight.
No, the folks will cheer as the market goes higher and there could even be parades...right up to the time coffee goes to $50 a cup. Then....who could have seen that coming?
unsure...ask Gideon Gono...he still has his job at the Zimbabwe Central Bank....and totaled the Zim Dollar..
The Fedral reserve prints until it triggers hyperinflation is exactly right.
Off topic, but:
Could it be that it is happening again? All indices tanking in the last hour of trading??
Wow, that would be quite cool!!!
"If we do, in fact, run out of candy, then I think moving back to stealing Grandma's silver coins and beating up that little punk Tommy for his paper route money, in a situation like this, is something we should consider."
- Stinky Little Johnny, 11, Bagdad by the Bay
For god's sake Putin make your move NOW! Dump US Treasuries, peg to gold and roll deep into the Ukriane!
QE will have to grow exponentially just to tread water. The numbers will evwentually make trillions look like pocket change.
The Federal Reserve is full of reckless money printers. Should anyone expect anything less?
Williams, Evans, Dudley and Yellen will push to trash the US dollar until a free-fall of the US dollar occurs.
Peter Schiff was right on, but underestimated how long it will take.
this lunacy will continue until the US people finally go all "French revolution" on the Marriner Eccles building and give the locals the Marie Antoinette "haircut."
We're going to be waiting a long, long, long time for that to happen. Most US people think a french revolution is a sex position, the Marriner Eccles building is where to pick up their obamaphones, and Marie Antoinette is on some FX reality TV series.
The US population is too balkanized now to react en masse - the true reason for diversity.
What do they do once they own everything? All the mortgages, all the houses all the stocks, all the bonds, all the treasuries. Once every single asset on the planet is owned by the Fed? What do they do then? Because they'll still not have solved the real problem.
The real reason for the stock plunge:http://www.dailytech.com/Ireland+to+Close+Loophole+Apple+and+Google+Used...
"Because when all is said and done, the Fed will either get runaway inflation through money printing or hyperinflation through collapse of the US reserve currency"
A cycle low ends in deflation.
The FED is fueling what they are trying to prevent.
These knobs don't seem to undertstand the difference between
making "depositors" whole
and
making "share holders" whole.
Looks like their headed for an education... real soon.
"What do they do once they own everything? "
The bankster version of North Korea where they make the laws and load people with debt so their debt slaves. Kind of like we already have.
Junkies do tricks
Things are sucking so bad they're cryin' Uncle already??? Man, that was fast.
Whocouldnode??
Oh, thank God, he's wearing a small mic... for a second there I thought he was printing nodular melanomas.
Fat Man In a Little Coat.
Shh listen, you can hear the printing presses warming up.
Foget the QE-4eva. Just go right to the helicoper drops. Fuck it. It's going to come to that eventually anyways.
Now if more countries can start announcing that they will no longer accept the US dollar that would be the right direction.
But really, Williams doesn't "sound Jewish".
"What's worse, this lunacy will continue until the US people finally go all "French revolution" on the Marriner Eccles building and give the locals the Marie Antoinette "haircut."...
Now that's the funniest thing I've heard all day!...
Whoever believes the American people have that kind of audacity are either on a terminal heroin drip ready to "check out", or are already dead.
Let's just keep reminding ourselves that the Fed is our "best friend" and that QE whether they lie and tell us it's "not on" (when in fact it is) or vice versa will keep us all safe from harm and in a state of euphoric bliss including the war and sanction(s) they are trying to finance to take out Russia and a worldwide pandemic to keep us preoccupied with some distractions that will entertain us as we continue to do nothing about them to our inevitable expanded "MH-17" moment of truth!
I wish the people in Ferguson Missouri all the luck in the World, because if they can't get the local and State law enforcement to back down and inspire the rest of America "to do as they do", are time on this earth may be shorter than we think!!!