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User Info Fed's Rosengren calls for QE3 in forum [General]
Drench
Posts: 28631
Incept: 2009-11-10
Green
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Quote:
“What I would argue for actually is to have it open-ended, that we focus on economic outcomes,” Rosengren said. “It would be setting a quantity that you’re going to continue to buy until you get the economic outcomes that you want.”
http://www.bloomberg.com/news/2012-08-07....

Mayorquimby
Posts: 13909
Incept: 2008-09-18
Green
The Archaic Past
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They won't stop their bull**** until they actually destroy demand in a massive massive way. I'm actually of the mind that it is best for them to get their way - if it will push them all off the stage for good.

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They who wish to hurt you, work within the law.
- Morrissey

Gold is theft.
Avianphlu
Posts: 3960
Incept: 2008-12-03
Gold A True American Patriot!
Ulster NY
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equal to QE1 and QE2 combined ~ 2.0 Trillion and open ended

wow
Flyingillini
Posts: 87
Incept: 2009-06-09
Green
Reno, NV
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I am surprised KD hasn't tickered this and ripped the guy a new *******.
Ishmael
Posts: 4731
Incept: 2008-02-25
Gold
Los Angeles to Oklahoma, at least temporarily for now!
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You know this guy is so over the top that I figured they sent him out to say such BS to jawbone the market higher. He is not even a member of the FOMC and besides it was all staged so that LIESman was there delivering on the oral fixation and making sure this received a lot of coverage. My view a major misdirection play but I could be wrong.

Let's face it this guy said everything except that he was going to crap dollar bills. Don't know how many people ever saw it but there is an old French poster which showed gold and silver being fed into John Law's mouth and paper money coming out of his ass. I chuckle every time I think of it.

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Hope is neither a good strategy or birth control methodology!

Expy
Posts: 14672
Incept: 2007-09-05
Green
Start the Demonization -Libtards!
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Did anyone expect otherwise????


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"IT'S THE INCOME/CASHFLOW SILLY"! {c expy smiley} Where will incomes, wages, and profits/revenues come from to recover the economy after the spiral down? Certainly not the "New Service Economy". W/out massive new debt creation, [unlikely], and useful productivity, the public and business are probably screwed by a
Gen_maximus57
Posts: 4580
Incept: 2007-09-03
Green
Tampa
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They have already implemented this, haven't you seen the 500 points put on the dow lately

Dbongo
Posts: 804
Incept: 2007-08-06
Green
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QE not necessary at this point, however another Hindy-Oh would be quite nice. Market is up 5% in 11 days since the current Hindy- OH hit

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I Heart TZA! Ben Bernanke, IMO, will go down in history as the GREATEST Central Banker of all time. Keynesian economics DOES work folks!
Ironman09
Posts: 2793
Incept: 2007-08-08
Green
La La Land
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1320 to 1400 move is not the result of QE3 already underway ?

FEDs will announce QE3 and then start buying the market? smiley

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- Short the Phone Book roll-over to 1330 ( May 6th,2013)
Dbongo
Posts: 804
Incept: 2007-08-06
Green
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Iron, just the fear of the Bernanke put. Which for the market bulls has worked quite well since 2009. Bernanke has torched quite a few shorts over the past few years.

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I Heart TZA! Ben Bernanke, IMO, will go down in history as the GREATEST Central Banker of all time. Keynesian economics DOES work folks!
Laswyguy
Posts: 8326
Incept: 2007-07-25
Green
Orange County, CA
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jawboning the market doesnt work.. except for win it does..

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positive alpha - bitches!
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