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Thread: Fed Announces New Round of Bond Buying to Spur Growth

  1. #51
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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Print more money!

    If the Treasury would just print like 136 trillion new 100 dollar notes and give them to the banks with no interest loans then the US could pay its debts and all will be good.

    I encourage the US treasury to print as much as it can and that way there wont be any need for any more QE stuff, we just print it all in one final run and pay off all the debt and then it will all b e good

    after all isn't that how all Ponzie schemes work until they are exposed and crash?

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Aberration View Post
    My point was to highlight the credibility of such 'economists'.
    I see, so we are to rely on the gut of the ill-informed electorate rather than educated and experienced economists? Should we fire them all?

    Your Economist article that you used as evidence for some point, did point out that we were in a housing bubble. Albeit, the Economist is a news magazine, but presumably the article was authored by someone knowledgeable on economics who interviewed economists in the process of writing the article. The precarious nature of the housing bubble was not an unknown thing. Its just the politicians that refused to do anything about it.

    Yes, economics is a complex soft science, but there is a science to it. Making fiscal and monetary policy without the advice of economists is just foolhardy.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by justabubba View Post
    ok Tim, what's the amount you are willing to wage that effective 11/01/12 average gas price will be no less than $5.50 per gallon? how about we wager the cost of 10 gallons as of 11/01/12 (using that average USA price per gallon of unleaded regular); you can select the cite that will establish the benchmark price
    if i win, make the funds payable to this forum before 12/01/12
    I'll take that bet, however I said at or darn close so let's split the difference, how about we say $5.25? Deal, and if you lose the same goes for you. 10 gallons at the price as of November 1st, 2012. to donate to DP.

    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Hicup View Post
    I'll take that bet, however I said at or darn close so let's split the difference, how about we say $5.25? Deal, and if you lose the same goes for you. 10 gallons at the price as of November 1st, 2012. to donate to DP.

    Tim-

    agreed
    .........
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    So now the Fed has said they will operate QE and low interest rates forever (forget the unemployment rate dropping enough to satisfy them - it will not happen now that QE is virtually permanent).

    America, as we know it, is now doomed.

    The days of the U.S. dollar as the world reserve currency are now numbered.

    Inflation is coming. It is already starting. Forget the government skewed numbers. Look for yourself. It is starting and it - like a cancer - will keep growing, slowly, quietly.

    Buy gold, silver, commodities (especially agricultural), possibly certain types of real estate and solid stocks that are inflation-proof.

    Everything else is now guaranteed to be a lousy investment in the long term (though short term they may do well).

    The Fed (and the government that stacks the Fed) has now sealed America's economic fate - the economy WILL collapse.

    Probably slowly. Maybe very slowly. But it is now inevitable (assuming the Fed does what it says - and it almost always does).

    Buy hard assets and inflation-proof equities/real estate.

    And get OUT of U.S. dollars.


    Don't say I did not warn you.


    Have a nice day.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Bernard and the fed have exhausted every thing they can do. It's up to congress to see to it that this recovery revs up again.
    I use a lot of satire and sarcasm so keep that in mind when reading my posts.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by Helix View Post
    i'm exceptionally uncomfortable with expansion of QE.
    So is Egan-Jones:

    US Credit Rating Cut by Egan-Jones ... Again
    Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country's credit quality.

    In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.'s real gross domestic product, but reduces the value of the dollar.



    US Credit Rating Cut by Egan-Jones ... Again - US* Business News - CNBC

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by DA60 View Post
    So now the Fed has said they will operate QE and low interest rates forever (forget the unemployment rate dropping enough to satisfy them - it will not happen now that QE is virtually permanent).
    that was not what i read
    my take was that for an indefinite period, the fed is going to buy mortgage bonds
    while i don't see the benefit of this action for main street, there is no need to misrepresent the fed's intentions

    America, as we know it, is now doomed.
    ok. answer a simple question. in what other country would you rather have your equity reside?

    The days of the U.S. dollar as the world reserve currency are now numbered.
    not at all. at one time, the euro was a contender. after what has happened recently across the pond, it will be a while before the euro again gains prominence
    what other currency do you propose to replace the US dollar as the world's dominant currency?

    Inflation is coming. It is already starting. Forget the government skewed numbers. Look for yourself. It is starting and it - like a cancer - will keep growing, slowly, quietly.
    while i agree that the printing of $480 Billion annually to cover the projected bond purchases will be inflationary, let's examine the size of that infusion relative to a $15 Trillion economy: it's 3.2%. doesn't seem to be of such a scale to warrant the panic you are experiencing

    Buy gold, silver, commodities (especially agricultural), possibly certain types of real estate and solid stocks that are inflation-proof.
    what i notice is the ratcheting up of gold and silver values when the world's economy is unpredictable. as the economic future becomes more calm do you really think precious metals are going to hold their value
    real estate is a mixed bag. property in strong locations is appreciating. run of the mill properties should be avoided because the supply exceeds foreseeable demand. well situated rental properties would be wise investments because many who can qualify for mortgages are not buying as they see average homes as unlikely to experience appreciation and those who cannot qualify need a place to rent

    Everything else is now guaranteed to be a lousy investment in the long term (though short term they may do well).
    you tell us to buy metals. commodities, real estate and equities. what is everything else ... the things you insist will tank

    The Fed (and the government that stacks the Fed) has now sealed America's economic fate - the economy WILL collapse.
    really, buying mortgage bonds at the rate of $40 billion monthly for a while is going to topple a $15 Trillion economy? i don't see it

    Probably slowly. Maybe very slowly. But it is now inevitable (assuming the Fed does what it says - and it almost always does).
    why would the collapse of the nation's economy not be expected to happen quickly but only over a protracted period?

    Buy hard assets and inflation-proof equities/real estate.
    i collect/trade in high end musical equipment. prices are down substantially from before the crash and show no signs of strengthening. so, i'm uncertain what hard assets you are referring to as being desirable investments at this time

    And get OUT of U.S. dollars.
    the dollar is king right now
    what other currency is out-performing it?

    Don't say I did not warn you.
    appreciate the heads up


    Have a nice day.
    that too
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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