Uncle Benjie channels Buzz Lightyear - "To infinity and beyond!"

[TGregg]

If something doesn't work, then just do more of it. Looks like QE∞ is in the works. The Mother of All QEs!

Two rounds of bond purchases totaling $2.3 trillion have failed to breathe life into the labor market, which Bernanke said last month is a "grave concern." That means policy makers will probably announce a new open-ended plan tied to a sustained improvement in the economy rather than specify an amount of purchases and an end-date, according to 32 of the 73 economists in the survey. Twenty-two expect a fixed duration and amount.

http://finance.yahoo.com/news/fed-seen-starting-qe3-while-040000986.html

 

[Humpy]

Quote from TGregg:

If something doesn't work, then just do more of it.


http://finance.yahoo.com/news/fed-seen-starting-qe3-while-040000986.html

That was more or less Einstein's definition of insanity.

You don't think the top players are really bonkers do you ?

 

[TGregg]

Quote from Humpy:

That was more or less Einstein's definition of insanity.

You don't think the top players are really bonkers do you ?

I think Benjie has some faulty assumptions. The underlying problem is that voters are pigging out at the Treasury Troth. But he cannot fix that, nor can any of these bankers. So they stop giving the fiddler coffee and start giving him crystal to keep the music going faster and faster even as everyone knows there just aren't enough chairs for us all. Eventually the metaphors get mixed to a Hershey-like insanity and everything crashes down.

 

[Humpy]

I think Europe and the USA should just get used to the facts that other countries can produce cars, TVs etc. at better value currently.
A good idea might be to cut costs and not throw their last $$$$s into the pot for a make or break hand. ( Mixing my metaphors too).


"That means policy makers will probably announce a new open-ended plan tied to a sustained improvement in the economy"

They could start planning for a year on year contraction of the economy.

 

[marketsurfer]

That's why I am a SUPER BULL for stocks 2012.

surf

 

[Max E.]

Quote from TGregg:

I think Benjie has some faulty assumptions. The underlying problem is that voters are pigging out at the Treasury Troth. But he cannot fix that, nor can any of these bankers. So they stop giving the fiddler coffee and start giving him crystal to keep the music going faster and faster even as everyone knows there just aren't enough chairs for us all. Eventually the metaphors get mixed to a Hershey-like insanity and everything crashes down.

+1 One of the best descriptions of the situation i have heard on this site in a long time.

 

[TGregg]

So how long `til the Fed is buying $40 bill a month of equities?

 

[S2007S]

QE infinity


Another fucking joke, this is the most fantasy like economy and market that has ever existed.

 

[TGregg]

Quote from TGregg:

So how long `til the Fed is buying $40 bill a month of equities?

Market's down today. Uncle Benjie better whip out another stim. QE Infinity++.

 

[S2007S]

Quote from TGregg:

Market's down today. Uncle Benjie better whip out another stim. QE Infinity++.

Its called QE infinity so the markets should have no worries, this little minor pullback is a buying opportunity. Everyone is calling for new highs by the end of the year so this dip is just free money for those who buy right this second.