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Global Retaliation To QEternity Begin: BOJ Considers Additional Easing
Last week it was the Fed crossing the Rubicon with infinite easing. We explained very clearly that the next steps would be everyone else joining the infinite easing party. Sure enough, here comes the first one:
- BOJ TO CONSIDER ADDITIONAL EASING: NIKKEI
Keep in mind that the BOJ already monetizes ETFs and REITs, the very instruments which the Fed will soon be forced to buy. And so it begins - because when it comes to pushing CTRL and P, over and over, it really doesn't take much skill.
It also means that the next round of purchases of precious metals will come from everywhere else, in addition to just the US.
Finally, those wondering why there was absolutely no response out of the market to news that previously would have sent stocks soaring, the answer, as we explained before, is simple: the Fed has literally shot itself in the foot... and the head. Because when you tell the market to price in QEternity, you just can't hope any more QE anywhere, anytime, out of anyone, will be a surprise.
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I hear the Japanese have invented keyboards that have a dual CTRL-P key configurations. It'll be years before the FED gets their hands on one of these babies.
The Japanese are unmatched in their ability to deny reality. They will buy JGB until the bitter end. And it's going to be really fucking bitter.
Which is ironic considering how literal they can be when you do business with them.
I can sell them a panamax vessel full of corn and they throw a fit when they get the quality specs off, measured in parts per billion.
hm let me see...... nope, silver did not get the memo.
Weird?
Let me try....
ALL MOTHER FUKIN CB's ARE CTRL +P!!!!!!! hi ho silver!
Easy Japs! The Chinks are quantitatively comming!
If you can't CTRL-P. any serious Physician would advice you to use diapers.
> panamax vessel full of corn
Best investment idea of the day. How do I get one?
Their adult entertainment industry is also unmatched. The creativity that goes into those films are truly astounding. However, I think Bernanke wants to outdo the Japanese when it comes to the creativity of printing more money.
Given their affinity for tentacle sex, I would think they'd get along with Blankfein quite well.
the Japanese have actually developed the SINGLE CNTL+P KEY such that it's now a one finger affair.
Sounds like a Saturday night for Blythe Masters
Pppp + P
If he really wants to do his duty to prop up the market that means propping up Apple more and that means he needs to be using COMMAND+P.
The Fed set off currency wars and maybe other Wars too
Dollar Index Headed for Rapid Collapse: Chartsnip
Quantitative easing is really another word for currency wars. A weak U.S. currency puts continued pressure on the Japanese Yen, the Chinese Yuan, the South Korean Won, the Australian dollar and other currencies.
Cheap money also fuels speculation and this money quickly drifts into commodity markets and the ETFs that help propel commodity market speculation. This is inflationary for food prices.
Chinese General: Prepare for Combat
Land Grab Convergence: China Military Drills Focus On Seizing Japanese Islands By ForceThe Chinese have really floored the accelerator pedal on this shit, eh? Damn. I guess this is the counter to our build-up in the ME?
Savings to refinance my home from 3.75% to 3.25% from QE3: $44 per month
Increase in the cost of living for a family of 4 due to inflation: $150 per month
Calling Bernanke a fucking idiot because $150 is bigger than $44: Priceless
"There are some things that money can't buy. For everything else, there's QEasy central banker madmen (tm)."
There is nothing that enough money can't buy.
Eventually, there will be nothing that enough money CAN buy (the paper kind...).
ME.
uh John Locke...how about stability...can't buy that with Ben's kind of money
Yeah - apparently you can't buy "zee price stabeeleety" or sanity with Benny Clown Bux.
Money to the banks by the Fed buying MBS=
$40bn X 40times(hidden liabilities) = $1.6 tn.per month.
In a mere 18 months they MIGHT even be solvent.
"Coordinated QE" has always been in the cards. The Fed is working with all the other CB, including probably China who really need a global recovery and they needed it yesterday.
There is a need to crash all systems simultaneously. This looks like a great approach!
Indeed also a great approach for a World War
If I were the BOJ, I'd print money to buy gold. Then maybe people would listen.
BOJ exchanging US TSY's for US Weapons.
It's a race to the bottom, who can devalue their fiat currency the fastest.
strangely enough, the dollar is soaring today......................
Just some other fiat whore taking their turn in the barrell today. Don't worry, dollah is toast.
It is ashes to ashes for the paper that burns so quick in the inferno called economics and finance.
You are entirely wrong, Kito, the dollar is NOT soaring today, nor has it done so on any other day. The values of fiat currencies move in only ONE direction, and that is down.
What you are erroneously equating to "the dollar" is in fact the artificial and contrived US Dollar Index, which only "measures" the US dollar against several other, more or less equally depreciating fiat currencies (on an long outdated trade-weighted basis, no less). You know as well as I do that the dollar, like any fiat currency, never GAINS value, only loses it.
(PS: I did not junk your comment, as it is one that is heard so often in financial circles, incorrect and misleading as it is.)
"OK, I'll re-raise you...1,no,10,no,100,no...oh forget it. CTRL+P
Brazil will be next
Brasil needs to buy some gold.
They have none.
So where can I get me some of this free money ? I have three kids to put through college, which by the time they get their the way they are printing will be funded with an one ounce gold eagle.
doc, why dont i see you in the chat box at the bottom right of my screen?.................... you are listed as my contact. im trying to reach you......check your settings to see if you are in stealth mode.........turkey just shot up 14 percent...............i have to hurry....................
Someone just went long turkey... it's not a very liquid market.
Nobody likes liquid turkey.
Thanks for the tip. I haven't actually checked my settings in a long time, and had chat turned off.
Head for the hills here come the zeros. The empty set. Most difficult opponent.
This is only going to escalate. The Fed is acting on behalf of the Obama Admiinstration and will continue to do so,
http://confoundedinterest.wordpress.com/2012/09/18/why-did-the-fed-do-qe3-nahb-homebuilder-confidence-highest-since-june-2006-fnc-house-prices-keep-rising/
Bernanke and Obama both report to the same masters.
Paging Jim Rickards to the prophecy center....
....all falls down.
With all the debt and nothing to back it in reality it's just a global ponzi now the question then becomes how long can they keep it afloat?
China still lead buyer of U.S. securities
Federal Reserve: Chinese Economic Data is Bogus
Are Chinese Banks Hiding “The Mother of All Debt Bombs”?
America's Under Water: Debt Equals 103 Percent of GDP
We may be wrong, but it is possible that Jim Rickards was still espousing TBTF and bailing out LTCM with the blessings of the Fed back in 2009, when it became all too clear that the only solution is a global currency race to the bottom and which others would rediscover as "Currency Wars".
From Zero Hedge, July 18, 2009: Relative Central Bank Balance Sheets And Currency Races To The Bottom
Oh, come on guys...
It just HAS to work one of these times...
Right????
oh, it works.....been working for 100 years......just not working for the little people of the world..........................just ask g edward griffin........................
http://www.alt-market.com/articles/1038-the-end-of-the-line-an-interview-with-g-edward-griffin
Confidence schemes all around.
on a different note the ICE oil trading platform has been dramatically slowed down by the exchange . Bolted horse and stable door spring to mind. where the fuck were they yesterday -watching porn like the SEC.
Hope this is really pissing off the HFT crowd or did they make enough yesterday and are not bothered?
Global currency debasement. The Bank of England should be chiming in soon.
The Bank of Zimbabwe will be laughing soon. Welcome boys, what took you so long?
But, but, but, just look at how well Zimbabwe's successful currency devaluation worked to the advantage of their export sector!
(/sarc)
Printing War!
Whoever prints the most money the fastest wins!
Zimbabwe off to a good start.
Prosperity and good times*
* if you are a Central bankster
> Prosperity and good times*
> * if you are a Central bankster
Not fair. These are pretty good times too for miner warrants like FNGHF, SLWVF.
take it easy everybody, take it any way you can get it
with an infinite frontier in front of us there is plenty of room for all nations
Is the QE to eternity becoming a crowded strategy?
Just this once, because this time it is different.
What worries me is that there is not alt and delete key, I can't event reboot.
This is like "The Socerer's Apprentice" except with fiat instead of mops and buckets.
You'll notice the bond bubble has never burst in Japan. That might change if the Chinese decide to sell all their JGB in retaliation for Japan wanting to escape its radioactive island for some new ones. At any rate, I'm still waiting for treasury yields to continue their dive after this MOPE and tape-painting nonsense is over in the stock market.
Well,after they scrapped Bretton-Woods,the idea was that all the currencies would float against each other.They are floating all right....