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Keyword: qe3

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  • Fed's Fisher wants December taper, clear path to end of QE3

    12/12/2013 4:39:11 PM PST · by Son House · 3 replies
    Reuters ^ | Dec 9, 2013 | Tom Polansek
    Saying that the cost of the Fed's $85-billion-a-month asset-purchase program "far exceeds" its benefits, Fisher urged reducing it "at the earliest opportunity," and to articulate a clear, well-defined path for ending it by a certain date. Doing so, he said, could make the Fed's change of policy course easier for markets to digest. When the Fed last signaled it was gearing up to end its bond-buying program, in May and June, investors pushed up market rates faster and farther than the Fed had expected. The rise in rates threatened to slow an already fragile recovery, and was one factor in...
  • Special Report: How Fed policy enriches private equity, if not workers

    12/06/2013 3:25:45 PM PST · by Oldeconomybuyer · 6 replies
    Reuters ^ | December 6, 2013 | By Carrick Mollenkamp
    ... Quantitative easing has had the intended effect of holding down interest rates, which has in turn encouraged borrowing by businesses and individuals with good credit and stabilized the housing market. But persistent economic uncertainty has dulled the positive impact of the Fed's program. U.S. gross domestic product has broken above a 3 percent annual rate of growth in only six quarters since 2009. Some of the money has instead inflated asset bubbles, to the benefit of mostly wealthy investors seeking high yields. The Fed's "real intention was capital investment would be stimulated, jobs would be created, incomes of the...
  • Dem Rep. Alan Grayson Praises Rise of ‘Stealth Socialism’ in America

    09/21/2013 5:10:54 PM PDT · by Tolerance Sucks Rocks · 22 replies ^ | September 20, 2013 | Andrew Kirell
    In a recent interview with Salon, outspoken progressive Rep. Alan Grayson (D-FL) hailed the rise of what he called “stealth socialism” through America’s recent monetary policy decisions.Asked by interviewer David Dayen whether the financial system has become “safer” in the years since the financial collapse and subsequent government interventions like 2010′s Dodd-Frank bill, Grayson praised the Federal Reserve for its “unconventional” policies that have “put us back on a low-level track toward growth.”Asked about the Fed’s expanding balance sheet, the Florida Democrat said: “We’ve had a government takeover of the bond market. Stealth socialism’s been created. Government simply ends up...

    06/12/2013 9:44:25 PM PDT · by Jedediah
    I have chosen you for a special mission , not just for your zeal in me but through your fortitude to overcome the obstacles I 've allowed to be placed in your way , and these have been used to strengthen and nurture you in my spirit , for I have brought you to this level of enlightenment to allow you to see precisely how my spirit flows and works in and through peoples lives , for now more than ever before I will release my spirit to do more wonders and reveal the true nature of Christ in a...
  • Fed's Bernanke sees no U.S. inflation risks: Nowotny

    04/20/2013 8:58:32 PM PDT · by haffast · 12 replies
    Reuters ^ | 4-20-2013 | Reuters
    WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told global policymakers he sees no risk to inflation in the United States, European Central Bank Governing Council member Ewald Nowotny said on Saturday. Summing up presentations to an International Monetary Fund meeting, Nowotny told reporters Bernanke had given a "very optimistic" portrayal of the U.S. outlook. "They see absolutely no danger of an expansion in inflation," Nowotny said. Bernanke had said U.S. inflation should be 1.3 percent this year.
  • Fed could start tapering QE3 this summer: Williams

    04/03/2013 1:18:52 PM PDT · by Ernest_at_the_Beach · 5 replies
    Marketwatch ^ | April 3, 2013, 3:42 p.m. EDT | Greg Robb, MarketWatch
    WASHINGTON (MarketWatch) — The Federal Reserve could start tapering its $85 billion-a-month asset-purchase plan by the summer, said John Williams, president of the Federal Reserve Bank of San Francisco on Wednesday.
  • Here is a way to explain “Quantitative Easing” to liberals

    11/21/2012 6:57:27 PM PST · by Ben Mugged · 16 replies
    Today | Me
    Here is a way to explain “Quantitative Easing” to liberals. You and I sit down to a friendly game of poker. I bring out the chips in different colors and we both “buy in” by trading real dollars for the chips. As the game progresses you win most of the chips. I reach into the chip box and place a large stack on my side and continue playing. I did not pay for the chips, I just “created” them out of the blue. You continue to win and you have a large stack of colored chips in front of you....
  • Gideon Gono Comments on QE3 (used to be governor of the Reserve Bank of Zimbabwe)

    10/16/2012 2:45:36 PM PDT · by dynachrome · 4 replies
    Mises SA ^ | 10-16-12 | Chris Becker
    2.17 These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently instituted in the US and the EU, were geared at evoking a positive supply response and arrest further economic decline. But even still, 2.20 Despite numerous intervention measures undertaken by Government through the Reserve Bank of Zimbabwe, economic activity continued to decline progressively with inflation peaking at 231 million percent by July 2008. Other challenges that affected the economy include the following:
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 11 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Jim Rogers: It's Going To Get Really "Bad After The Next Election"

    10/15/2012 2:08:13 AM PDT · by bruinbirdman · 48 replies
    Money Morning ^ | 10/14/2012 | Terry Weiss
    In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election. Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child. "[They] need to stop spending...
  • The Thrill is Gone: Mortgage Refi Applications Drop, SP500 Falls Below QE3 Announcement Level

    10/10/2012 11:21:19 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 10/10/2012 | Snakeeyes Econ
    As BB King sang, “The Thrill is Gone” from QE3. According to the Mortgage Bankers Association, mortgage applications decreased -1.21% in the latest survey of mortgage lenders. The Refinance Index decreased 2 percent from the previous week. However, the general mortgage refinancing trend continues. The seasonally adjusted Purchase Index increased 2 percent from one week earlier. This is a continuation a trend of mortgage purchase applications rising in the Fall. But mortgage purchase applications still remain in a box. This is somewhat amazing given the 12 million people on unemployment, and millions on disability and foodstamps. And the JOLTS Job...
  • Why A Fed President Just Suggested Doubling QE3

    10/03/2012 6:23:26 AM PDT · by blam · 30 replies
    TMO ^ | 10-2-2012 | Dan Amerman
    Why A Fed President Just Suggested Doubling QE3 Interest-Rates / Quantitative EasingOct 03, 2012 - 02:20 AM By: Dan Amerman Chicago Federal Reserve Bank President Charles Evans was interviewed on CNBC on Monday, and he indicated that he was in favor of continuing asset purchases at a rate of $85 billion per month all the way through 2013. If approved by the rest of the Fed, this would have the effect of about doubling the size of "QE3", or Quantitative Easing Three, the massive Federal Reserve monetary creation and market intervention program announced only three weeks ago. QE3 combines mortgage...
  • Lindsey: Fed Virtually Funding the Entire Deficit ($85 Billion a Day) - Video

    09/26/2012 11:07:25 AM PDT · by mojito · 26 replies
    CNBC via RealClearMarkets ^ | 9/26/2012 | Lawrence Lindsey - Squawk Box
    The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver....
  • Just a reminder: QE3 will work just as well as QE1 & 2

    09/21/2012 10:17:24 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 09/21/2012 | Ed Morrissey
    It comes as no great surprise that Rick Santelli isn't a big fan of the latest round of quantitative easing. The CNBC analyst tells Pimco chief Mohammed el-Arian that the QE3 will hammer retirement plans and the most responsible savers, and won't solve the problem that the Fed wants to address --- joblessness. Santelli has a lengthy rant about government policies that push greater central control and its interlocking effect on the Fed's inflationary policies, but mostly he tells el-Arian that it's not going to work:CLICK ABOVE LINK FOR THE VIDEO Earlier, el-Arian admitted that the QE3 now looks like...
  • Count the cost.... and the consequences!

    09/19/2012 9:21:09 PM PDT · by jaypounder · 3 replies
    The Event ^ | 0919/2012 | Jay Pounder
    Count the cost.... and the consequences! "All human sin seems so much worse in its consequences than in its intentions." Reinhold Niebuhr - Writer / Philosopher I am constantly saying to my kids, "Think before you act...", "Don't be over zealous...", "Stay with the group", " Think about those around you! How will your decisions affect others?" But you know what... it has absolutely no effect on them...! They think they know better, so they touch the stove, or jump off that high thing, or they swing to fast, and not wear a helmet and then suffer the consequences because...
  • The Trouble with Printing Money, QE3 Reflects Colossal Failure to Address Our Predicament

    09/19/2012 8:02:09 PM PDT · by blam · 7 replies
    The Market Oracle ^ | 9-19-2012 | Dr Martenson
    The Trouble with Printing Money, QE3 Reflects Colossal Failure to Address Our Predicament Interest-Rates / Quantitative EasingSep 19, 2012 - 12:18 PM By: Dr Martenson For a while now, I have been expecting a coordinated, global central bank action that would seek to print more money out of thin air, or "QE" (quantitative easing), as it is now called. Now we have two of the most important central banks, that of the U.S. (the Federal Reserve) and in Europe (the ECB) having committed to open-ended, limitless QE. The most recent announcement came from the Fed, and it had these features:...
  • Housing Recovery? Try Long Convalescence

    09/18/2012 3:08:15 PM PDT · by blam · 4 replies
    Advisor Perspectives ^ | 9-18=2-12 | Russ Koesterich
    Housing Recovery? Try Long Convalescence iShares Blog By Russ Koesterich September 18, 2012 The US Federal Reserve’s decision to expand quantitative easing is dramatic, but we don’t think it will have a significant impact on the US housing market. While the extra liquidity is supportive of risky assets in the very near-term, lower mortgage rates are not a game-changer for a consumer still struggling with little income growth and too much debt. Certainly, the prospect of buying another $40 billion a month of mortgage-backed securities will help keep home-loan rates low for a long time, but they were already low....
  • Bernanke to Savers, Unemployed and Wall Street: Drop Dead.

    09/18/2012 6:16:25 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 09/18/2012 | John Tamny
    In his essential 1982 book, The Economy In Mind, the late Warren Brookes relayed a story from 1979 in which a Keynesian economist from the United States was passing through customs at JFK Airport. When the customs officer processing his entry saw his profession, he commented, "I don't know whether I should let you back in, Professor, considering what you economists have done to this country." The officers' words take on special meaning amid Fed Chairman Bernanke's latest attempt to revive the U.S. economy through monetary machinations. Blind to the horrors of his actions, this most self-unaware of economists is...
  • Fed action a welcome move for small businesses [Brainless Cheer leader for printing money]

    09/18/2012 3:22:19 AM PDT · by SoFloFreeper · 10 replies
    Washington Post ^ | September 18, 2012 | Sharon Jenkins
    A collective sigh of relief quickly spread through key segments of the U.S. economy last week as news broke about QE-3 —the third round of quantitative easing announced by Federal Reserve Chairman Ben Bernanke...
  • The Magnitude of the Mess We're In

    09/17/2012 3:04:01 AM PDT · by Evil Slayer · 26 replies
    The Wall Street Journal ^ | 9/16/12 | George P. Shultz
    Sometimes a few facts tell important stories. The American economy now is full of facts that tell stories that you really don't want, but need, to hear. Where are we now? Did you know that annual spending by the federal government now exceeds the 2007 level by about $1 trillion? With a slow economy, revenues are little changed. The result is an unprecedented string of federal budget deficits, $1.4 trillion in 2009, $1.3 trillion in 2010, $1.3 trillion in 2011, and another $1.2 trillion on the way this year. The four-year increase in borrowing amounts to $55,000 per U.S. household....