Qe3

Yea I heard about that and watched the stock market jump up almost 200 points. The banks and the unions know they are about to get paid off again. taxpayers money is always good it's free.

I'll bet it's spent before O gets out of office.

Unlimited QE. Maybe 1 out of 100000 knows what that means as far as dollar valuation, basis spreads and ultimately the destruction of the dollar and capital as 0% interest until 2015 has told the banks to lever it even further, if they make a bad bet the taxpayer (through dollar devaluation) will bail them out, if the make a good decision they get to keep the massive profits. Heads you lose, tails they win.

Watch how few people respond to this thread. People don't understand finance or all those complicated numbers and all the calculus it takes to understand it all. They figure the stock market went up so the economy must be doing great. Do they know that 90% of all trades on the market are done by computers that automate trades according to news blurbs? The market is no longer a huge amount of people all deciding to invest again, its just the TBTF computers making millions of trades per second on the news of free currency for the next 3 years.

Watch the price of Gold and Silver shoot up. They are the barometer of dollar devaluation.

Originally Posted by NoDrama

Watch the price of Gold and Silver shoot up. They are the barometer of dollar devaluation.

Maybe in normal times but really both are inflated right now. The ones making a killing are the ones selling or trading gold.
Judging by how low inflation is if the Fed didn't act we'd likely end up with deflation which is terrible for any economy. The problem to me is fed policies are always top heavy, true they stimulate spending but not from the people we really need to be spending...consumers. Who are currently busy paying down debt.

Originally Posted by Fungus Gnat

The problem to me is fed policies are always top heavy, true they stimulate spending but not from the people we really need to be spending...consumers. Who are currently busy paying down debt.

Sorry, no, people are not paying off debt. Total consumer credit is UP since 2008, car loans and Student loans mon frere.

http://www.federalreserve.gov/releases/g19/Current/

Dollar has devalued by 6% in the last 3 years.

Silver up 4% today alone, gold up 2%. They are still undervalued. Silver at $120-150 is more correct and with gold at $2500.

Inflation usually hits commodities first, because they hold their value in the face of increases monetary easing.

Bump

no one gives a fuck if gas costs $6 by next year summer. But see who is bitching next summer.

Oh, I know all about it. I also know most people who comment on such subjects are utterly clueless and generally religious minded parrots.

I'm at a point where I might consider making risky plays in the market as I have the capital to back them and credit is cheap and my capital steadily rises.

Probably not though, not a huge risk taker.

Originally Posted by NoDrama

Bump

no one gives a fuck if gas costs $6 by next year summer. But see who is bitching next summer.

What do you do when it is your own government stealing money and destroying wealth?

If you are UB you vote Obama....

Originally Posted by NLXSK1

What do you do when it is your own government stealing money and destroying wealth?

If you are UB you vote Obama....

The president doesn't have any say over what the fed does though, so it doesn't matter if you vote Obama or not. The only thing the pres can do is shit can the chairman and vice chairman which is 2 votes out of the whole 12 members of the FOMC. The Senate is also part of the confirmation process.