Goodbye Operation Twist, Hello QE X+1

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Thu, 09/29/2011 - 04:51 | 1721099 jomama
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capitulation, bitchez.

Thu, 09/29/2011 - 05:17 | 1721116 Michael
Michael's picture

We don't make children's toys in this country.


I said this in a previous thread and got some perrty interesting comments;


Ben Bernanke better get that fucking QE3 going soon.

I need to see the destruction of the world economy maximized for my amusement.

Thu, 09/29/2011 - 02:55 | bid the soldier...

Did you want that in 2D, 3D or IMax? Thu, 09/29/2011 - 03:08 | toto

For the first time ever it is going to be in 4D.

Better than expected...........

............or worse?

Thu, 09/29/2011 - 03:28 | bid the soldier...


Gimme a hint.

Is the 4th D a time thingy or a space thingy?

Thu, 09/29/2011 - 05:32 | 1721128 GetZeeGold
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QE to's the only way.


How much do you need?


Thu, 09/29/2011 - 07:36 | 1721341 DormRoom
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more printing will only push the world into global stagflation. It won't solve unemployment, and likely cause price instability.  The USD reserve currency will be undermined.  USD-YEN implosiong will cause Japan to go into a serious recession.  CDS wolfpack will attack her.  Then we will talk about Japan, like we did the Eurozone, this year.


  Only direct job fiscal stimulus can save the US.

Thu, 09/29/2011 - 07:58 | 1721392 Schmuck Raker
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Just say no to stimulus.

Thu, 09/29/2011 - 08:56 | 1721570 Weisbrot
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Calvin Coolidge had it right - cut Government spending by 40%

get the Government out of the way and

within 1 many be 2 years and things will be moving in the right direction



Thu, 09/29/2011 - 07:55 | 1721383 covert
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never cave in


Thu, 09/29/2011 - 04:52 | 1721100 eazyas
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what do i short ?

Thu, 09/29/2011 - 05:51 | 1721129 GetZeeGold
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Short anything but gold.


Thu, 09/29/2011 - 05:42 | 1721139 zhandax
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VIX  (personally, I would wait until next Friday.  Good chances of some rockin news since this pronouncement arrived a week early)

Thu, 09/29/2011 - 09:12 | 1721635 Mike2756
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Bull flag in the vix, market is still going to sell off, maybe won't go very far. 1000 spx?

Thu, 09/29/2011 - 04:57 | 1721103 spdrdr
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This has gotta be bullish for stocks! 

QE3 guaranteed, plus a bonus bail-out of failing (flailing) European banks.

Waiter!  More pop-corn all around!


Thu, 09/29/2011 - 05:28 | 1721138 DaBernank
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Whoo-hooo! and a side order of CRM out-of-the-money calls, please.

Thu, 09/29/2011 - 04:59 | 1721104 yabs
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oh god i want to see this stock market tank, not currencie4s

st5ill good for gold and silver

Thu, 09/29/2011 - 05:01 | 1721106 Hman
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QE X+1 (X to infinity)

Thu, 09/29/2011 - 05:08 | 1721115 swissaustrian
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It should be QE(x+1) as the amount of money printed has to rise exponentially

Thu, 09/29/2011 - 05:59 | 1721165 Wakanda
Wakanda's picture

QE(x+1) = F*U*C*K + ed

Thu, 09/29/2011 - 06:11 | 1721176 RemiG2010
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Thu, 09/29/2011 - 06:26 | 1721209 GetZeeGold
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QE(x+1) .......there outta be a derivative for that.

Thu, 09/29/2011 - 08:15 | 1721435 The Grifter
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Thu, 09/29/2011 - 08:41 | 1721508 GetZeeGold
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Ahhh....well done!


Thu, 09/29/2011 - 09:53 | 1721764 Andy_Jackson_Jihad
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OK Mr. "I know calculus and how to use the rich text editor" now apply some continuously compounding leverage to that  and make a discontinuity below zero to factor in bail-outs.

Thu, 09/29/2011 - 05:01 | 1721107 wee-weed up
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So, the BerMonkey is going to start flinging his feces yet again!

Thu, 09/29/2011 - 05:07 | 1721111 lunaticfringe
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The market cratered because Ben had alluded to something more significant than Operation Twist. When that extra something didn't materialize, markets went... Mr. Softy.

The deflation is here. China has all but screwed the pooch, and when the Chinese balloon officially pops, I think Ben goes apeshit. The fucker is like a junkyard dog on a bum's ass. He just doesn't quit.

Thu, 09/29/2011 - 05:07 | 1721113 Mr_Wonderful
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Well, last Monday the number of October Put Option Contracts against the S&P 500 was over 7 million. It´s probably up to ten million by now.

Usually the monthly number is 10-20,000.

Thu, 09/29/2011 - 05:33 | 1721143 Motley Fool
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When everyone is on that side of the boat....Bernanke fires up the printers. :P

Thu, 09/29/2011 - 06:00 | 1721166 Mr_Wonderful
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The ducks are being lined up.

Apparently it´ll be Tank Tuesday the eighteenth unless the terriers blow up a U.S. or European city before that.

Thu, 09/29/2011 - 05:07 | 1721114 Racer
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Oh great, the rich get richer and the poor get to starve

and then the ChairSatan will fall

Vive la Revolution

Thu, 09/29/2011 - 05:10 | 1721117 Outlaw Of The W...
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zimbabwe ben may go down as they greatest traitor in the history of our failed country.

Thu, 09/29/2011 - 05:15 | 1721118 BlackholeDivestment
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...OK, I have the personal credablility (As the (a) victim of the moral hazard) to arrest Chairsatan and the 911 Jets, but... The Truth is ( no defense) overcome by the new world order social ''democracy''. The Republic of the United States is dead! ...I'm dead!

Thu, 09/29/2011 - 05:15 | 1721120 Lmo Mutton
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Thu, 09/29/2011 - 05:29 | 1721130 BlackholeDivestment
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Mutton, lol, you ask ''whut''. Yeah bud, I can bare witness and win that case, can't you?

Thu, 09/29/2011 - 05:16 | 1721121 Mr_Wonderful
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The Bernank can´t do jack####.

The FED is already leveraged 60-1 against its capital.

A relatively small rise in interest rates, resulting in a fall of the value of its portfolio, would quickly render it technically insolvent - forcing it to sell bonds, that is contract the money supply.

Thu, 09/29/2011 - 05:27 | 1721135 GetZeeGold
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Paper to gold is 100:1

The FED is slacking off.........print baby print.


Thu, 09/29/2011 - 05:39 | 1721148 Snidley Whipsnae
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" forcing it to sell bonds, that is contract the money supply."

Perhaps some other soverign will decide to sell bonds? ... Stranger things have happend, and the first out the door will avoid being trampled by the herd.

Thu, 09/29/2011 - 05:49 | 1721159 Mr_Wonderful
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I doubt it.

All hell would break loose and the world financial system is precarious enough as it is.

Thu, 09/29/2011 - 12:01 | 1722161 Bicycle Repairman
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"the first out the door will avoid being trampled by the herd"

Anyone who tried to be first out the door got "shock and awe".  Try "the door" at your peril.

Thu, 09/29/2011 - 05:57 | 1721162 BigJim
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The FED is already leveraged 60-1 against its capital.

A relatively small rise in interest rates, resulting in a fall of the value of its portfolio, would quickly render it technically insolvent

You think the Fed is bound by normal accounting rules? LOL. I keep hearing this: the Fed can go bankrupt here, the Fed can go bankrupt there.

Ask yourself this: Under what circumstances can a counterfeiter ever go bankrupt? Seems to me: only when you take away his printer. Has that happened to the Fed yet?

Thu, 09/29/2011 - 06:15 | 1721170 Mr_Wonderful
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Yeah, you´re right.

I forgot the accounting change the FED snuck in last January.

The change allows the Fed to denote losses by the various regional reserve banks that make up the Fed system as a liability to the Treasury (that would be you the taxpayer) rather than a hit to its capital. It would then simply direct future profits from Fed operations toward that liability.

Clever isn´t it.

Of course the Tylers covered it at the time:


Thu, 09/29/2011 - 08:57 | 1721581 BrocilyBeef
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60-1. I had no idea it was that bad. What that hell is that "1" though? Paper dinosaurs?

Thu, 09/29/2011 - 05:26 | 1721133 maxcody
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Bring the market down to S&P 1008 then gold down to 1325 correction so I can

load up on gold.  Thank You uncle Ben.  My mother's brother was a waco double

Doctorate at Prinction. 

Thu, 09/29/2011 - 08:56 | 1721575 BrocilyBeef
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slap that silver to gold ratio so that I can get silver to get gold...

Thu, 09/29/2011 - 06:08 | 1721172 JPL
JPL's picture

Remember me where is heading inflation in the US ?

Thu, 09/29/2011 - 06:15 | 1721184 I think I need ...
I think I need to buy a gun's picture

How can this small group of fuckin people dictate everything in this country......the people still haven't woken up....we all have to bow down to what bernanke is going to say every month.......

Thu, 09/29/2011 - 06:15 | 1721185 BlackholeDivestment
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...and the German Parliament sells out labor. Son of a ...

Thu, 09/29/2011 - 12:04 | 1722177 Bicycle Repairman
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I said they'd "back door" the Germans. 


SLAM DUNK RIGHT IN YO' GRILL!!!!!!!!!!!!!!!!!!


Thu, 09/29/2011 - 06:18 | 1721189 Mr.Sono
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come on guys have even thought that he might be out of ink and need to put in a new cartridge? With Obama in the office and no qe3. yeah like thats going to happen.

Thu, 09/29/2011 - 08:55 | 1721574 BrocilyBeef
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You don't think he has a store room of ink cartridges? This is the Bernank's hoard, son.

Thu, 09/29/2011 - 06:20 | 1721196 TradingJoe
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Benjie can't do shit without a political "approval" and that ain't coming anytime soon!

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