Quote Of The Day: QE3 Should Have Been "More Stronger"

Tyler Durden's picture




 

A $4 trillion Fed balance sheet in 15 months (40% increase) and guess who is not happy. Yup, you got it.

From Bloomberg:

Nobel-prize winning economist Paul Krugman said that the third round of Federal Reserve asset purchases announced yesterday may be too small of a stimulus for the struggling U.S. economy.

 

The Princeton University economist, speaking at an event in Sao Paulo today, said that the Ben S. Bernanke’s pledge to buy $40 billion of mortgage debt a month could’ve included a commitment to maintain the asset purchase program for an extended period of time or until the unemployment rate falls to a targeted level. 

 

"The change in tone is important but I would have liked a more stronger [sic] statement,” Krugman said. “It leaves things a bit unclear.”

When one hears such brilliance, what can one say but... Krugman.

And as a reminder...

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 09/14/2012 - 08:31 | 2794000 max2205
max2205's picture

more free stuff..need more

Fri, 09/14/2012 - 08:36 | 2794033 GetZeeGold
GetZeeGold's picture

 

 

Damn......the pusher man.

 

Fri, 09/14/2012 - 08:48 | 2794110 jekyll island
jekyll island's picture

When you look at the deflation occuring in the shadow banking system, Krugman is right (gag).  If the fed is going to save the banking system, which is it's real function, then the bernank will need to print a whole lot more. 

Fri, 09/14/2012 - 08:57 | 2794161 CPL
CPL's picture

"More stronger."

 

MOAR STRONG!!  MOAR STRONG!!!  

<beat chest, play with inner tube, eat banana>

Fri, 09/14/2012 - 09:05 | 2794187 flacon
flacon's picture

Economists unlike to speak in regular English because they want us to belive in their disintelligence. Krugman is afraid of negative growth of his ego. Perhaps there is a 'soft patch' at the top of his head.

Fri, 09/14/2012 - 09:06 | 2794210 Comay Mierda
Comay Mierda's picture

Today is QE3 + 1

I say dollar collapses before QE3 + 100

Fri, 09/14/2012 - 09:24 | 2794281 Precious
Precious's picture

The reason for these interventions is clear.  Without them, the political class fears the end of the United States as we know it.

With intervention, the kleptocrats believe they are at least preventing blood on the streets, bank runs, and an international fire sale of US assets.

Better to bleed the American people out by 1000 cuts than to risk the destruction of the "pinnacle" of democracy and freedom by, of, and for the one party system running D.C.

Fri, 09/14/2012 - 13:10 | 2795661 Manthong
Manthong's picture

I think that even the learned Professor Krugman, Nobel Award Laureate, fell short in his advocating.

He should have pressed for an even more strongerer response.


Fri, 09/14/2012 - 20:04 | 2797571 Boris Alatovkrap
Boris Alatovkrap's picture

Small Boris is  like push soft patch at other orphan in state control pre-school. Now is still like push, maybe Mr. Krugman.

Fri, 09/14/2012 - 08:59 | 2794172 BliptoP3
BliptoP3's picture

In theory... In practice, you'd have to get the amounts and the timing just right - and then you would still have to unwind all that garabage at some point.  so - we should just take what's coming so we can start over - the sooner the better.

Fri, 09/14/2012 - 10:47 | 2794787 Element
Element's picture

Strongerer?

Give it a bit more choke and it might start.

Fri, 09/14/2012 - 09:00 | 2794181 Chuck Walla
Chuck Walla's picture

Ferret Face is just getting ahead of the fail.  When it goes to shit, Krugie will claim: "See, it just wasn't enough".

 

FORWARD SOVIET!  FORWARD KOMRADE KRUGMAN!

Fri, 09/14/2012 - 09:01 | 2794182 Chuck Walla
Chuck Walla's picture

Ferret Face is just getting ahead of the fail.  When it goes to shit, Krugie will claim: "See, it just wasn't enough".

 

FORWARD SOVIET!  FORWARD KOMRADE KRUGMAN!

(PLEASE PARDON FAT FINGER FAIL)

Fri, 09/14/2012 - 09:21 | 2794298 Trichy
Trichy's picture

He is getting more Krugerer by the day.

Fri, 09/14/2012 - 09:35 | 2794391 5880
5880's picture

He admits he's a commie

Why would anyone listen to him?

Fri, 09/14/2012 - 13:24 | 2795741 Totentänzerlied
Totentänzerlied's picture

Because people whom Americans refer to as commies are great in number throughout the world. Whatever label you choose, the Free Shit Army/Other People's Money Liberation Front never wants for members.

Fri, 09/14/2012 - 09:59 | 2794522 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

NEED MOAR MONEYS

Fri, 09/14/2012 - 10:50 | 2794817 asteroids
asteroids's picture

$40B/mo through Obozo's next term is almost $2T! If Krugman had balls he would give us his number and shut up!

Fri, 09/14/2012 - 08:32 | 2794004 Mongo
Mongo's picture

All hail the Bernank

Fri, 09/14/2012 - 08:47 | 2794105 DeadFred
DeadFred's picture

I wonder what the Bernank and the FOMC knows that we may only suspect. Only one dissenter for what looks like a pretty radical open ended plan. China? Iran? Maybe it just about Kenya.

Fri, 09/14/2012 - 08:50 | 2794123 jekyll island
jekyll island's picture

Maybe it's about, oh, their JOBS since this is an election year.  It'd be a pretty big chip for them if they got Obummer reelected.  

Fri, 09/14/2012 - 09:05 | 2794206 DeadFred
DeadFred's picture

Yes Kenya is a likely reason but only The Bernank's job is in jeopardy, the others are untouchable. There was only one dissenting vote.

Fri, 09/14/2012 - 08:48 | 2794112 trebuchet
trebuchet's picture

WTF!!???!!   Unbelievable comment from Prof. Krugman.....

Fri, 09/14/2012 - 08:32 | 2794006 q99x2
q99x2's picture

That alternative lifestyle economist is still wondering who stole his testicles.

Fri, 09/14/2012 - 08:32 | 2794007 babylon15
babylon15's picture

Blocked all the MSM from my /etc/hosts file.  Can't read this stuff anymore.

Fri, 09/14/2012 - 08:32 | 2794008 HelluvaEngineer
HelluvaEngineer's picture

"Me fail English?  That's unpossible!"

Fri, 09/14/2012 - 08:54 | 2794149 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

He meant to say 'moar strongerer!!!11!' to emphasise his point of Keynesian black-magic.

Fri, 09/14/2012 - 08:35 | 2794013 LawsofPhysics
LawsofPhysics's picture

More evidence that certain nobel prizes are completely worthless.  Special place in hell for Krugman.

Fri, 09/14/2012 - 08:44 | 2794080 LongSoupLine
LongSoupLine's picture

one drifts to the "peace" category on your remark...

Fri, 09/14/2012 - 08:47 | 2794102 jimijon
jimijon's picture

Hence... nominate dear old Charles for one...

http://www.facebook.com/CharlesPonziForANobel?ref=hl

Fri, 09/14/2012 - 08:50 | 2794124 DeadFred
DeadFred's picture

He may find his 'special place' rather crowded but it will be ggod times with all his old friends

Fri, 09/14/2012 - 09:17 | 2794271 MillionDollarBoner_
MillionDollarBoner_'s picture

8th or 9th circle, right up close to the stage, according to Dante ;o)

Fri, 09/14/2012 - 08:33 | 2794017 Racer
Racer's picture

And if you can't even speak English properly then I am not surprised to hear such stupidity uttered!

Fri, 09/14/2012 - 08:37 | 2794040 phalfa5
phalfa5's picture

mispoke ...  wanted mostest strongest but would have settled for morer stronger....

Fri, 09/14/2012 - 08:45 | 2794091 LongSoupLine
LongSoupLine's picture

 

 

"Bigger-er" - Kruggy

Fri, 09/14/2012 - 09:18 | 2794278 MillionDollarBoner_
MillionDollarBoner_'s picture

Doubleplusstrong in Newspeak...

Fri, 09/14/2012 - 08:34 | 2794021 not fat not stupid
not fat not stupid's picture

My sister has worked at Princeton in the IT department for 30 years. If you'd like, I'll have her kick Krugman in the nuts the next time he's walking through the commons.

Fri, 09/14/2012 - 08:39 | 2794052 Anglo Hondo
Anglo Hondo's picture

Krugman?  Nuts?  In the same sentence ..... yes, he is.

 

Fri, 09/14/2012 - 08:47 | 2794104 GetZeeGold
GetZeeGold's picture

 

 

He's got the Nobel Prize to prove it.....but so does my niece and her whole class. They all got one on the first day of school.

 

Fri, 09/14/2012 - 09:30 | 2794343 gold-is-not-dead
gold-is-not-dead's picture

hehe, true... and even obama got one for peace... and he started only a bunch of wars...

Fri, 09/14/2012 - 09:10 | 2794227 Shameful
Shameful's picture

Could I get a keystroke logger instead?  I would love to read his private correspondence.  Answer the eternal question is he just shockingly stupid or just evil, or shockingly evil.

Fri, 09/14/2012 - 09:19 | 2794289 MillionDollarBoner_
MillionDollarBoner_'s picture

Stupidly evil?

Fri, 09/14/2012 - 09:45 | 2794456 sdmjake
sdmjake's picture

More stronger evil

Fri, 09/14/2012 - 08:34 | 2794022 the not so migh...
the not so mighty maximiza's picture

Yes open ended to infinity was not strong enough.   Krugman needs some electro shock therapy.

Fri, 09/14/2012 - 09:15 | 2794252 James-Morrison
James-Morrison's picture

Krugman, Krugman He's our man
If he can't do it, Martians can!

Fri, 09/14/2012 - 08:34 | 2794023 101 years and c...
101 years and counting's picture

i'd love to take his class.  when all else fails, just respond: "print money".  easy "A".

Fri, 09/14/2012 - 08:35 | 2794025 ZippyBananaPants
ZippyBananaPants's picture

Give me the money!

Fri, 09/14/2012 - 08:34 | 2794026 Silverhog
Silverhog's picture

Maybe Paul is right. If your plan is to drink yourself to death, why use nips.

Fri, 09/14/2012 - 08:35 | 2794029 walcott
walcott's picture


JFK - We choose to go to the Moon, full length

http://www.youtube.com/watch?v=ouRbkBAOGEw

 

Need something like that. Instead of "We choose to blow up the planet"

Do NOT follow this link or you will be banned from the site!