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China National Development And Reform Commission Joins The Party, Says QE3 Likelihood Appears High
Just in case there was any concern which way China is leaning ahead of today's meeting, here is the missing clue:
- China's NDRC official says likelihood of US QE3 appears highs
- China's NDRC official says US QE3 will push up commodity prices and will intensify hot money flows
- China's NDRC official says QE3 will threaten Chinese price stability
Of course, China is quite adept at saying one thing and meaning another. And with inflation there continuing to surge, and no chance of a loose monetary policy any time soon, China will be very delighted to see the Fed to another round of easing. After all by the time, exported inflation hits China it will be at least 3-6 months down the line, by which point China should have its inflation problem under control. So with Goldman and China both egging Bernanke on, we doubt there is much surprise left in today's 2:15pm announcement.
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WAR!!!
To be honest, I don't see the problem. China's inflation is only at 6.7%, Bernanke would be drewling for figures like that...
Isn't it great when a plan comes together.
QE? None of this shit works though.
who knows.... maybe the third time will be the charm?
and even when it won't work, which nobody expects anyway, WE'LL ALWAYS HAVE QE4 TO LOOK AT!!
WHERE'S MY FREE MONEY BITCH?! PAY MY BILLS!
And hell if QE4 doesn't work, QE5 will be the charm. :)
And when QE5 doesn't complete it's intended fix , they will combine QE6 and QE7 and rent helicopters to drop dollars from the sky.
"QE? None of this shit works though."
Might not work for you (or anyone else on Main Street), but those record bankster bonuses sure do rely on some form of QE.
of course it works! free money!
There was a plan?!
Well I am pissed. Lost $700 yesterday. Got out completely. Done with the markets I don't get. And now we have a 200 point rebound? it's fucked.
Markets are down a record 11 days in a row man. A little pauze is very normal here.
But Germany just announced that the EFSF emergency fund of 440 billion will stay unchanged and WILL NOT INCREASE!!!
THIS MEANS: NO MORE BONDS BUYING FROM ITALY AND SPAIN!!!
SHIT HIT FAN!! NOW FEEL HOW THE "BROWN" RAIN WILL START TO TRICKLE DOWN!!
If you are 'investing' anything other than play money, you are playing fiscal Russian Roulette. Buy physical metals, store them, and don't worry about them until there is a great reset.
The stock market is for suckers.
It is money that the IRS would have taken or I put i in pre-tax into a 403(b) since I don't have enough deductions. Either way, they got the money. The only non market option is just a savings retirement that gets what .001%?! Have silver.
In this kind of environment, it's about keeping what you have. I didn't coin this phrase, but I'll use it: Right now, it's not about return ON your capital, it's about return OF your capital.
I agree now. I had that approach and then I got to thinking I was missing something so moved some back in late last year. My bad. So my new philosophy is just save, keep it from the IRS and hope inflation doesn't make the money more useless in the future since it's pretty hard to get it to grow. Seems to me that only day traders can make any money at this. the idea of holding nice stock in a nice, honest growing company long term is an old-fashioned idea these days. It's not the days of my grandfather who was a broker.
don't feel bad--you're up a bit the last 10 days
I understand if you have money "tied" up. It is too much work for me to liquidate my 401k, and pay the IRS a penalty for early withdrawl.
That being said, i am 99.9% in junior miners. I figure this money will be meaningless anyways, and it is the most bang for my buck if they explode. If not, that is cool too. I have physical.
Good luck.
" The only non market option is just a savings retirement that gets what .001%?!"
So, you'd rather piss away your money instead of it remaining essentially flat?
How about a trip to Vegas? Odds might be better.
"So you'd rather you piss away your money instead of letting it be eaten by inflation?"
Fixed it.
Maybe a trip to vegas would be better. When you play poker you at least get to look at your opponents, and the computers can't dictate your cards (as long as you don't play video poker, otherwise just stay home and continue depleting your e-trade acount). Vegas it is!
Downgrades comith with QEIII
Still waiting on those promised CORPORATE downgrades by S&P. If I didn't know better, I might suspect that this is where the corporate war lords bite off the government hand that has fed them so well.
Print baby print...and watch it all spiral right down the drain into the abyss.
To think of China during the Nixon years... and compare with now. I am starting to feel my age.
Like my Grandfather always used to say when we where kids: AS LONG AS A ERECTION LASTS LONG ENOUGH TO PUT IT IN THE HOLE, YOU'LL ALWAYS HAVE A REASON FOR WORKING.
I never really knew what he meanth by that, but later on I learned that he wasn't talking about downpaying grandma's gambling addiction but that he was talking about ..."s"...."e"...."x"....
...when you are old:
1.) Woman does a head stand
2.) Man dangles it in.
:)
I think these guys are talking about the procedure before the guy can dangle it in:
http://uk.answers.yahoo.com/question/index?qid=20090412110230AAYUA5Y
Always wondered what the solution to opening the bag was.
Think of the USa under Reagan and today and it'll make you feel older! Stick to Nixon; at least there was Watergate then to feel better about in today's USA.
Sorry, slim consolation I know.
Have to go over to TF Metals Report to find out why silver is sucking so bad.
sucking? Seems more like a buying opportunity. At least one of the PMs is on SALE!
Its like two guys who've jumped out of an airplane fighting over the only parachute on the way down.
Yes, like in that James Bond movie with the strong guy with the iron tooth ;- )
http://www.youtube.com/watch?v=NiDvpeWk0P8
hehe yes, i exaclty meant that one.
As in the years 1960-1990 always the soviets were the bad ones they could actually come up with a new James Bond who needs to find out about some mysterious things that happened during the financial crisis.
Riots force shop closures all over London
3.06pm: Adrian Gatton, a freelance TV producer and journalist, has emailed a few stories from south London that seem to have gone unreported today. In Norbury, two dozen shops were looted or damaged along London: jewellers, a petrol station, cash converter shops, takeaways, tool shops, tile shops, a bike shop and a pizza takeaway shop. In West Croydon, kids hijacked cars and drove them at police, and shops were attacked. In Purley Way there was repeated and massive looting of big stores in a retail park. Walworth Road was also quite badly hit.
Worse than 1981, 1985 riots. This is heavy.
But they did announe this morning that this would not affect the 2012 Olympics
...since they plan on having 16,000 police in force tonight, I'd think the rioters stay at home for a few nights and they when everyone's back on holiday...bam.
think of the overtime!!!
"Worse than 1981, 1985 riots."
But, are you basing this on inflation adjusted* numbers?
* subject to revision.....
Cameron had to come back from from vacay in Tuscany. And Parliament was called back from their holiday too...well that's just bloody wrong. These forkin commoners.
""" Theresa May, the home secretary, is speaking to people in Clapham Junction. She called the level of looting and violence "appalling". Police will be arresting people now because people need to know their actions have consequences, she says."""
lol
There is certainly a media blackout.. even internet connections are effected i.e. slower. A coverup; TS is hitting the fan.
3.17pm: Reports say eBay will remove listings linked to the looting.
Wait until our black flash mobs start ratcheting it up.....
It's not nice to tease.
"Wait until our black flash mobs start ratcheting it up.."
Thank goodness we have essentially been disarmed here in the U.S. Ownership of firearms could only exacerbate the situation.
Oh, wait. Did I get that wrong? I've got some really interesting hand loads I need to try out. Ballistic gelatin being so expensive and all that.
Buy up mining companies, because the Chinese will go on a buying binge in Sept/October to diversify out of Treasuries, into hard assets.
They'll buy up everything in Africa, and South America.
For a qe3 announcement there needs to be much more pain in the markets. This is nothing. Remember Cramer begging for the fed the discount window? Today's china inflation numbers? It's not ready yet. Jackson Hole me thinks.
I'm no economist, but I read it as a tell of exactly how panicked TPTB are. If other's read it the same way I do, announcing QEIII will have a very short term impact, after which all confidence is lost and the markets tank LLD for days in a row.
But I could be wrong. In which case, you can call me an economist.
WAY to early to wheel out more monetizing, this isnt really even a drop, its still a bubble everywhere and the 100 P/E wonders werent even nicked.
I casually talked to 5 people so far today and asked them about the markets, they all said 'Oh thats ok it always goes back up anyway even if it did drop a little bit'....calm as Hindu cows, theres no fear and panic anywhere. In the USAA+ at least.
The real killer trade was oil futures at $76 last night. What a bargain!
Of course by the time trading opens here, the party is over.
Forget gold for a minute, please Tyler. Start talking about oil, the implications of a currency debasement and the looming shortage of cheap oil.
So, I've read that gold is traded in conjuction with USD for oil. I'm wondering if the recent rise in gold isn't meant to offset the price of oil in dollar terms.
Careful about what you wish for.
If QE3 expectations are disappointed, you know what comes next: gold taken to the woodshed. :-O
Maybe. Or maybe we just go back to yesterdays action where the bottom falls out of stocks again (If anything is factoring in more QE, it's the stock market) and liquidity flows into Bonds and Gold.
Who knows?
Thats OK, even if gold was taken down by $300 from here I wouldnt care, that would still be $1,100 bucks over where I started buying it when the printing press operations started.
Long term buy and hold, VERY long term we still have WW3 to get thru before the gold comes into play.
Expectations of QE3 were frontrunning gold.
Gut feeling is they're not going to do it today. I think it will be announced in the next couple weeks.
Crazy ups and downs today, seems people trying to front run the qe3 announcement.
It will probably be an easier sell if they get another 500+ drop and be able to go a cool trillion.
Print another trillion and throw it down the FED black hole...overnite dollar -5%, gold up $150....hey go for it!
as i siad, buy China consumer shares and US exporters
What China means:
"Bernank: Start your presses. You better keep up your end of the bargain and keep your sheep buyin our junk - Oh but we will officially complain about inflation to keep our sheep on hopium, you understand :-) "
Is there anyone that thinks we aren't going to get an sort of easing language/QE3 today? I think the Fed is far too sadistic to come in after a couple bad days.
I have a feeling they will wait until Americans are on their knees begging for it, somewhere around 8,000 on the Dow...But who knows, nothing surprises me at this point...
Yea EXACTLY! This is NOT a 'panic drop' so far at all! Avg Joe out here has no idea the markets dropped at all, all is well to them theyre completely unaware, there is NO fear and panic at all yet, and the Gubment checks are flowing.
BTW heres your avg American when asked 'What is the DOW average'? Reply- 'About 5 feet?'
?Walmart Shopper thinks Dow Jones average is 5 FEET? - YouTube
Maybe you're right about the LCD Average Joe, if he doesn't even watch the corporate media "news." But he's so disengaged that what he knows means nothing . . . he isn't aware of the market action, but he doesn't oppose QE, either.
It's "investors" whose opinions matter on QE.
So its all really about fooling the only slighty less clueless 'investor', that being R2D2 and C3PO?
Picture all the 401k "investors" thrilled as shit over the past two years--QE-fed MOMO is the greatest thing since sliced bread.
Of course, they'll never realize those paper gains, but by then the "real" investors will have liquidated near the top and moved on.
Booyaah for the "investor" class! It's like stealing candy from a baby.
just like Iran, I expect the language to print something akin to "All options are on the table"
Remember "hint" of printing is a tool Benocide could use
the bar for words is a lot higher with gold trading above $1750
Coming in low and hot would be very risky today for the fed. IMO, coming in hawkish on monetary policy would accomplish more in the 3-6 month time frame.
My money is on "deflation is coming back" and "we need to wait and see."
If they do something knee-jerk, gold could be $2000 by the end of the month.
I think that they may use some easing language at most. I don't think they will hint at Q3 or QE2.1 (with probability 70%). There is plenty of liquidity out there, but not much borrowing. Looking at the spread on T's and TIPS (trying to look through private Fed eyes), the target of ~2% inflation is there.
The fed is all out of the typical pre-packaged Keynesian ideas. They will not do what is right: the ending of the life support to the banks and the raping of taxpayers (generations into the future).
China agrees ot Qe-3 as it knows it can beat the US in the currency race to the bottom.
Nobody can match China's ability to manipulate its currency rate in their command and control economy. The whole world knows the Yuan is under-rated by 20% say. Who can make China change the peg? Nobody! The US tries exporting inflation by Qe means. The Chinese say we don't care as long as you buy more from us! So they don't want their export EU/US market to go dry and US corporates to go belly up in case of mega recession through world asset deflation!
Its a better of two bad choices for them. Charybdis and Scylla in front and China at helm as the new Ulysses...Chinese long term hegemony wants to buy time with a devalued USD that will be toast later on; now that S&P has pulled the rug under US financial hegemony. The days of the USD reserve are now counted and China can play the waiting game while US/EU/Japan burn...financially as partners in this ponzi.
Its the best they can do to serve their long term interests; not rock too much the FED play and the short term US can kicking that's going further down the debt ridden road.
Mutually assured desruction, I fear.
Floating the Yuan is the legit threat that would keep the Fed from printing more. It depends on who is really in control of China right now.
"This time it's Different" :)))! Nothing will happen today folks, JH it is! Enjoy the pop, it's selling into it right now!
by the way, oil FV is about $45/bbl - everything else is leverage and the "genius" commodity bugs
$45/bbl for a non-renewable crucial energy source for today's economy? Id pay FV*10.
Insane name -China National Development And Reform Commission.
- Pornographer's Chastity League
- Distillers Temperance Association
- Advertisers Truth Commission
Gold plated keyboard with diamond keys reported to have been smuggled into FED graft headquarters. Curious monogram BB with rubies has the local homeless asking what is the meaning of this?
The question is - will it matter? QE III would have to be an order of magnitude larger than QE II (Since It obviously Didn't work) one has to wonder whether the market will see it as a sign of despiration -- Personally - I Would.
But isn't the damage done to local municipal bonds? Can their losses be reversed with QEIII? If not, then again, money flowing that isn't helping the common man who will experience more layoffs, more furloughs, more stagnate pay.....
wtf happens it there in fact is no positive indication of a QE operation today?
I am guessing the market is a bit of deadcat bouncing today, but also buying "speculatively" ahead of a Bernank Put?
No Bernank Put...the market shits its bed? 500 downward points?
on the DJIA or S&P?
yea, you had to think about it.
If it's the standard, planned speech from two weeks ago before the shtf then it's gonna be bad.
No qe, everything gets dumped, even gold.
But a huge selloff could allow them to do an even bigger package and sell it.
The thing that got me thinking was why the fuck is timmah staying on? The rats usually flee the ships... Something is up.
VIX coming down hard.
Are we at an interim bottom here?
http://www.youtube.com/watch?v=ER-eFnWJB58
thats just the Hopium effects
after all of the numbers.. after all of the facts.. it is still the wiggers fault? really?
dont you have a home at huffington post?
go back and be with your people instead of trying to drag down the IQ levels here with your ignorant drivel.
http://www.opensecrets.org/ Wake! Up!! it is a WHOLE! LOT BIGGER THAN THE HEAD WIGGER IN CHARGE!!
What numbers are you talking about...your english is terrible...where did you go to school?
talking about IQ ...hahaha
so back to topic you think we hit a bottom?
How long will that last 2 days one week or until the money of QE3 runs out?
I wish someone would explain the rules to me. Are there rules or do they make them up as they go along? Can the Fed do somethign or not? Do they not need the debt ceiling raised before they do anything or not? This game is not only rigged the rules are skewed if there are any at all. It's a fucking sham.
Me, too. :( The only rules that make any sense are ALL the alleged conspiracy theories.
The owners of the FED make the rules,
but hey won't tell ...company secret
CNBC Just said that the market panic is over. Also said that insider buying is at the highest levels since March of '09 so it might be time to tip toe back in.
WOW THIS MARKET ROUT AND GLOBAL RECESSION LASTED ONE WEEK!!! Wow go central planning it can change the entire world with one press of the print button!!!
Before I went to bed I noticed the weird surge in Taiwan and then the extreme flash crash up in futures. I knew today would be a day where every central government would be buying stocks through shadow funds. Insanity can not be stopped.
Buffalo Wild up 7%!!! Hans up, Lulu up, Chipolte heading above $300 a share again. Travelzoo is up 5%. Priceline still above $500.
Sorry but this stock market plunge was anything but. Most of the overinflated BS stocks with P/Es over 50 only dropped to levels last seen at the end of May. The bubble is still fully inflated, the pump just skipped a beat for a second. The announcement of QE3 will give the zombies all they need to drive the DOW back up to 13,000 in just a few days.
Yes if you owned the wrong stocks over the past week and sold them yesterday you got hammered, however look at the real loss in value of each stock. Overall most of them are still trading double what they were last October. Is that really a market correction? Apple didn't even come near the low price for the year set at the end of June during the epic "Market in Crisis" week. We are at a very strange point where every bit of data outside the stock market signals impending Armageddon but the symbol of wealth will not be taken down.
I hope I am wrong but it seems like for now, PONZI ON!!!!
Yea I wouldnt count on it so much, all the 'market centrics' out there think that equity markets are the only thing in the world, dont forget about things like world war looming dead ahead.
well, I figured sell the rest that was in thinking we could go a whole lot further down. I didn't factor in that they would never let it go below what it did before starting the pumping. I am stunned. I was hoping to beat the serious low never thinking that yesterday WAS the "new" low?!!!!
well, I figured sell the rest that was in thinking we could go a whole lot further down. I didn't factor in that they would never let it go below what it did before starting the pumping. I am stunned. I was hoping to beat the serious low never thinking that yesterday WAS the "new" low?!!!!
Lol insider buying?
Yeah I'm sure the momo stock leaders are buying hand over fist. Lol.
So what the fuck does that mean ? Does that include the great Depression ?
"No matter what some agency may say, America has always been and always will be a triple-A country,"
It had taken Obama three days to make a statement on Standard & Poor's decision to strip the United States of its top credit rating.But Obama convinced no one. Even while the president was speaking, the Dow fell below 11,000 for the first time in nine months. This is certainly a problem for Obama, but more than that, it is a problem for America.
http://www.spiegel.de/international/world/0,1518,779179,00.html
"No matter what some agency may say, America has always been and always will be a triple-A country,"
ignorant form of arrogance
I think we do have to worry about massive riots and looting in the US but not until the first welfare check that doesn't go out.
When that happens what will go on in every US city will make London look like a five year old's birthday party.
QE3D, "this time it's personal"
whoa, QE in 3-D...that'd be totally awesome.
You could see the newly printed dollars flying right out the window.
Where do you buy the glasses, gonna get me some.
ALL are thinking it is guaranteed that BB is going to print non-stop from hereon.
Global markets now depend on Bernanke's printing press.
We havent seen the impetus for QE yet, a few hundred points off the DOW is nothing.
Then why is the market up so much?! I would never have thought it would be up 233 points after yesterday. Up, maybe, but never that much.
Up 'so much'? What 200 DOW points .18%? Gee yea what a rally...probably be gone by 2 PM.
Maybe, but I am still surprised.
PS> just to see what you see... I see it is up 2.02%.... where are you getting your figure from? Not challenging but wanted to see what you are looking at. thx
It's sooo predictable...
there is nothing else he knows to do
Party on bitchez...london burns.
We are clearly staring into the abyss. I don't think Bernanke will test its depth. He will take the alternative and print print print, then hope for a miracle.
Gotta agree with the NDRC.
Its almost as if Q3 was leaked to US traders..
On the other hand, if the fed comes out of the hole with no Q3:
LOOK OUT BELOW!
"Its almost as if Q3 was leaked to US traders.."
In order to ramp the market and squeeze those who were planning on another down day to cover their shorts?
I am getting tired of leaks. Leaks that only benefit the leakee.
Bernanke knows the fed game will be over if he doesn't print. Every bank will fail, the US will default, states will go under, civil unrest ect. He doesn't want that, hell I don't think I even want that. Nope, his only choice is to print like crazy. No mystery here.
Here comes the FED!
http://www.youtube.com/watch?v=Sn2oBFdWvtc
No Worries! The Hole is Safe!!
http://www.youtube.com/watch?v=JnX-D4kkPOQ
The FED will keep the Hole going!
Gold.. Down from $1,700!
Silver Down from $40!
Stock Market (Free FED Money Market Hole) UP!!!
The Money Fires are the BEST!!
Besides.. they only needed the Market to drop 25% so they could implement Quantitative Easing Part 3 which is really like Part 9.. but we are not counting anything under the $100 Billion Dollar Safe Mark. If the amount is under 100 Billion Dollars “We the Sheepish Consumers” don’t notice it or pay attention is what has been multi market tested to success.
So, lets get those Printing Presses Up and Running so the “Free Market” can pumped by the FED to make the Wall Street AAA Rated Corps (OOPS! AAA is NO! Longer a Pre-Requisite for 0.25% Loans) can get richer off of the Back Stop that is “We the Sheepeople”.
DOES ANYONE ACTUALLY KNOW WHAT THE FED CAN AND CANNOT DO? DO WE LIVE IN A FREE COUNTRY IN THE INFORMATION AGE????
HOW THE FUCK IS IT WE CAN'T FIND OUT WHAT THE FED IS ABLE TO DO MONETARILY AND WHAT THEY CAN'T DO. GD THIS IS LIKE TRYING TO FIND A LIGHTSWITCH IN THE DARK.
WHAT CAN THEY DO????
LISTENING TO STEVE LIESMAN, I MIGHT AS WELL ASK MY WIFE THAN LISTEN TO THAT FAT BOUGHT PAID FOR ASSHOLE.
Is there any chance that all this QE talk is empty jawboning? If I were the fed, I might want to ride this free bounce a little more.
Edit:
I am sure that if it comes down to it, Bernanke will do it eventually. May be a moot question.
It wasn't moot after all -just jawbonin
Nice talkin to ya!
You too!
How many ES points does $500bln get these days? I hope he goes for it, lets face it, you can never be too prepared for what happens when the fat lady sings, another few months of "diversification" cant hurt.
I wonder if the news will be sold at this point....hmmm
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