I don't know. But considering M2 has increased $250 BILL in the past 4 weeks I'd say QE3 "stealth" is already underway regardless if Ben says yeah, nay, or nothing.
Uncle Ben's speeches seem to be good for Gold prices. I anticipate a spike sometime soon after he is done speaking, which will indicate a good time to sell this temporary peak and double down after the dip, that everyone knows is coming.
QE3 is already underway. Banks borrowing at 0% or close to it and buying Treasuries is QE. Only way out is inflation and they know it. No real growth in the economy. Its all part of the master plan. The Fed will announce sometime within the next year that they are taking all the Treasuries off their books and our debt is magically lower by $3T.
I really don't think they are going to take any additional action. They extended the ultra low interest rates and that's MORE than enough. Then again this is big Ben we're talking about....
<< <i>I really don't think they are going to take any additional action. They extended the ultra low interest rates and that's MORE than enough. Then again this is big Ben we're talking about.... >>
I wouldn't say "extended"
they forecasted that rates would be low. (implication that we will have a stagnant economy that long)
As of this writing, stocks, bonds, gold all up big. So everyone's a winner in Friday's Baleyville market, everyone except the mega-bears in all three markets. Then again, by the close, prices might be very different.
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roadrunner
i think Friday will be interesting though, regardless.
The things I don’t always agree with are always worth considering.
"I agree with your agreement"
The things I don’t always agree with are always worth considering.
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<< <i>I would think it would be a 4 day run on gold, but the Fed meeting is Friday. Do you want to be in the market Friday or out of the market? >>
Friday is just a World Economic Forum in Jackson Hole, WY that Uncle Ben will attend.
Scheduled FOMC meetings are Tuesday for 1 day meetings and Tuesday-Wednesday for 2 day meetings.
<< <i>I really don't think they are going to take any additional action. They extended the ultra low interest rates and that's MORE than enough. Then again this is big Ben we're talking about.... >>
I wouldn't say "extended"
they forecasted that rates would be low. (implication that we will have a stagnant economy that long)
The things I don’t always agree with are always worth considering.
the last FOMC meeting was Aug. 9th and the next will be Sept. 20th.
If they were to announce one, I'd think they'd have to have a "emergency meeting" first to vote on it.
I don't think it is likely.
So, I don't think Uncle Ben can even hint at any action.
<< <i>What do you think is going to happen? >>
The U.S economy is on the verge of going belly up
I knew it would happen.
no one.
<< <i>and the winner is?
no one. >>
As of this writing, stocks, bonds, gold all up big. So everyone's a winner in Friday's Baleyville market, everyone except the mega-bears in all three markets. Then again, by the close, prices might be very different.
Even my house ticked up on the most recent Zillow. Neighbor's house sold well above the asking price in 2 days with multiple offers last month.
Do you prefer a pisler, lager, or ale?
Liberty: Parent of Science & Industry
<< <i>So everyone's a winner in Friday's Baleyville market
Even my house ticked up on the most recent Zillow. Neighbor's house sold well above the asking price in 2 days with multiple offers last month.
Do you prefer a pisler, lager, or ale? >>
You can keep the "pisler"....I'll take a Pilser or Pilsner beer
The things I don’t always agree with are always worth considering.
Liberty: Parent of Science & Industry
I don't think they have any new ideas.
I'm still hung up on the fact that if they don't think inflation is a threat, why they don't try to act and get growth going.
Sure, Sure... hang it on the politicians... but the Fed can act, too.
Or can they?? Are we in a Japan situation?