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TGregg
Moderator*

Registered: Jan 2002
Posts: 7094

09-12-12 01:54 PM

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-s...-040000986.html

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Humpy

Registered: Apr 2005
Posts: 2215

09-12-12 02:15 PM

Quote from TGregg:

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

http://finance.yahoo.com/news/fed-s...-040000986.html

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

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

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TGregg
Moderator*

Registered: Jan 2002
Posts: 7094

09-12-12 02:32 PM

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.

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Humpy

Registered: Apr 2005
Posts: 2215

09-12-12 02:56 PM

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.

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marketsurfer

Registered: Apr 2002
Posts: 5443

09-12-12 03:16 PM

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

surf

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Max E. Pad

Registered: May 2011
Posts: 6199

09-13-12 06:28 AM

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.

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