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KA- FUCKing- BOOM!
Earlier I read a post by a fellow ZHer about QE3 now being in doubt after the NFP. That person, and those of the same mindset, are clearly unawares as to the game rules. What Goldman wants, Goldman gets, sooner or later.
And any QE now will have a lifespan of what, maybe 24 hours? Its not 2008 anymore, and no one believes in any of this crap.
OH I also read a whole fukload of ZH bulls posts back at DOW 12,700 area about how theyre all in long for the guaranteed huge run up. How did that work out?
A QE announcement will have a long lifespan for PMs.
I don't think there will be a QEIII announcement next week though. Anemic growth is not enough to get the Bernank to go for it. He doesnt want to look implusive, which is what another QE would be after this market dump. Besides its only been 2 months without it. The market will have to fall further for the printing presses to start spinning. If he goes for it next week, it would have to be huge to have any impact what-so-ever on equities.
doesn't want to look impulsive? the guy who cut rates 75 bps because of the rogue trader at socgen doesn't want to look impulsive? hahahahahaha
this whole selloff is a god damn shakedown by the banks to get more qe and bigger bonuses. the bernank will comply.
Fair point. I guess I just wouldn't want to look like such a push-over in such a public office.
I read it as "doesn't want to look implosive."
Oh my fucking God!
And it's Goldman who says so. At the height of the selling! (Need a close at the LOD to guarantee that nice panic on Monday so they can load up long again.)
"Additional quantitative easing—i.e., a further sizable expansion of the balance sheet—sometime later in 2011 or in 2012 is possible..." (Jan Hatzius, Goldman Sachs).
This should be good for a green close if CNBS picks it up.
I don't think there is enough debt head-room to make a substantive QE3. Can't buy debt if there isn't enough room under the debt ceiling. So they'll have to get creative. QE3 will not be a simple redo of QE2.
I would think that further money printing, or whatever they choose to call it this time, will ensure a ratings downgrade and vastly increased hostility from from all our global "friends". But that's just me. Maybe we need a nice global conflict to distract us from our REAL PROBLEMS.......you know our elected leaders and their "friends".
1 in 3? Hahahahahahahahahaha.
Goldman meant 2/3 or '66.6' chance of greatest depression. We're already in recession by any historical measure.
Yes, but a 100% chance of the current depression continuing.
More free money for the banksters to pump up oil prices again :(
Why not? It's not like Americans have figured out what they have done so far. Americans are still blaming big oil and marching for gay rights. Clueless lemmings.
Oil is starting to look beaten down at this level. The snap back and the fill to Brent could see up to 10% improvement on the day next week.
Don't forget if the price keeps going down, the Arabs will start to squak about reducing output etc.
I'm always hungry for gold but at this point, I'm getting more thirsty for oil.
you are absolutely on the $.
oil is bargain.
Sept. Oct. will see massive MENA unrest. Oil will break past $112 mid to late Sept.
Oh and I still haven't eaten my humble pea pie yet re: DOW 10,800 for day. My excuse? The Job #'s are beyond cooked. And Tyler's UnN duration post is the real horror-show du jour!
Yogi Beara is spinning in his grave :)
Goldman Sees: As Blind As A Bat
67% chance no recession, YAY!
well we all knew the banksters were crashing stocks to get QE3
they are not telling us what they THINK bernanke will do
they are telling us what they have TOLD the bernank to do
if the us public put up with more money printing they are the dumbest fucks on the planet
I'm buying the gold coins Glenn Beck likes..........
Because he advertises on zh........
Install an ad blocker on your browser, it might make you feel better and shut you up.
Why is it so hard for people to understand how google ads work?
bye bye miss american pie
Drive yo Chevy to da levee,but da levee WAS DRY.................................
Right now I wish I had the Cheech and Chong truck from Up in Smoke.
GM below $25. Cue Rattner on CNBC Monday morning talking up this piece of trash.
Cadillac is rolling out 2 new products. LOL
Did you buy the IPO, you schmuck?
Quote from Harry Wanger December 22nd 2010 "Not in 2011. Maybe in 2012 but definitely not going to see 1170 any time soon"
Stand by your beds - last print 1182
RoboTrader 2 weeks ago 'I just posted on many message board forums that Im all in long for the 'debt deal' certain run up to the moon, I'm all in long here at DOW 12,700 all aboard dont get left behind'
Bingo! sub 1170!
I sure miss that guy. Good trolls are hard to find.
Last print 1168. Hammy Wanger pwned (once again)
someone is dumping C
looks like they were subpoenaed by CA over MBS this morn
Yep, Goldman and JPM.
Same shit, different quarter.
QE3 mention in the newswire should be enough for the algos to send us green for the day.
Every QE is 50% bigger than the last, so watch this one jump to an additional $1 trillion. Whoppeeeeee!
What does it all mean? Its just paper after all!
QE 3 = record bonuses for the faggots at Goldman sacks.
Why else would Limp dick Hatzius be revising? Payday in Zion with your money that is why.
Fuck the fraud factory.
The banksters need enough FRNs to each buy a hollowed out volcano and army of henchman before the bottom falls out. They should be close at this point.
Wall Street and other corporate welfare queens waiting with their hands out for ReadyCash(TM) from BernyFed(R).
Net result: more crazy levels of ReadyCash(TM) "on balance sheets" (to be converted to GoldeNPchute(R) brand convertible exchange medium), more foreign sedans in tony driveways drinking WahabiGas(R) and SinaYunk on Walmart shelves. But no boost to GDP or employment and big incrase in SNAP card volume. Biflation heaven!
10 point bounce on the S&P...in four minutes. Nice market.
Round 'em up...bankers, central or otherwise. While your at it, pick up Duncan Niederauer...for perpetrating this mess on America.
"a further sizable expansion of the balance sheet—sometime later in 2011 or in 2012 is possible, but is not our base case at this point."
So GS hasn't told the FED what to do?
Or maybe they have...
The only thing I know for certain is GS will say anything to make money.
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