tag:blogger.com,1999:blog-6616959642391988608.post442939547536000594..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Stronger commodity prices trump stable jobs growthScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6616959642391988608.post-8336947724234372652016-03-10T16:12:59.542-08:002016-03-10T16:12:59.542-08:00The Fed cannot monetize the federal debt, because ...The Fed cannot monetize the federal debt, because the Fed can't create money. It can swap bank reserves for federal debt however, but that is not "monetizing" the debt. Banks could effectively monetize a good portion of the debt if they chose to expand their lending by an order of magnitude. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10991333104946690132016-03-10T15:42:22.972-08:002016-03-10T15:42:22.972-08:00If central banks can monetize national debts witho...If central banks can monetize national debts without results...then why not?Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14448386908861784742016-03-10T13:07:03.271-08:002016-03-10T13:07:03.271-08:00OK. Now end of trading on day one of Draghi Bazoo...OK. Now end of trading on day one of Draghi Bazooka. Stocks up 0% and Gold Miners up 4.5%.Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90753579193545774832016-03-10T11:07:58.138-08:002016-03-10T11:07:58.138-08:00The initial reaction to these monetary moves don&#...The initial reaction to these monetary moves don't usually last. Investors and analysts have time to assess and often react differently. That's not to say stock prices won't move higher but it they do it won't be directly related to the ECB. <br /><br />Stocks are in a very precarious position right now. The probability of a serious decline has increased. Unlike William, I am 100%mmanagedaccountshttps://www.blogger.com/profile/08188469703346980431noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62101410765518522092016-03-10T06:48:04.819-08:002016-03-10T06:48:04.819-08:00Draghi cuts rates and quadruples monthly QE.
US st...Draghi cuts rates and quadruples monthly QE.<br />US stocks up 0.3% this am.<br />Gold miners up nearly 3% this am.<br /><br />It's early. Only 15 minutes of trading. Just an observation.Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38984930194096147282016-03-07T08:50:56.505-08:002016-03-07T08:50:56.505-08:00PS: I just took some profits -- I remain very nerv...PS: I just took some profits -- I remain very nervous...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85419623416516916052016-03-07T08:47:41.716-08:002016-03-07T08:47:41.716-08:00EE = QEEE = QEMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18282968897734895112016-03-07T08:47:20.948-08:002016-03-07T08:47:20.948-08:00The recently concluded Fed-sponsored bailout of th...The recently concluded Fed-sponsored bailout of the fracking industry will soon be joined by what is expected to be a bazooka blast of EE by the ECB -- said another way, the Fed and ECB central banks are once again leading Western economies back to prosperity (or not) -- I have to go with my gut and stay on the sidelines -- I need to see improved earnings first -- but, that's just my opinion.McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56425769765357170012016-03-06T20:14:58.078-08:002016-03-06T20:14:58.078-08:00Remembering When...
August 23, 2010
Why Quantita...Remembering When...<br /><br />August 23, 2010<br /><br />Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar <br /><br />John P. Hussman, Ph.D.<br /><br />A week ago, the Federal Reserve initiated a new program of "quantitative easing" (QE), with the Fed purchasing U.S. Treasury securities and paying for those securities by creating billions of dollars in new Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52253182852567482622016-03-04T21:55:55.901-08:002016-03-04T21:55:55.901-08:00scott, central banks around the world send message...scott, central banks around the world send messages out to "jawbone" market participants, often in lieu of actual structural changes. Now I an just a dummy mail carrier for the postal service. But if i toss a dog a biscuit as he runs up to the fence, he becomes accustomed to running up to the fence, expecting a biscuit. In the same way over the last several years, central banks have stevierayhttps://www.blogger.com/profile/04712316805502996021noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19612882264451192002016-03-04T19:47:58.430-08:002016-03-04T19:47:58.430-08:00Well, I like your use of the word "Trump"...Well, I like your use of the word "Trump" in your headline. But please capitalize the word! <br /><br />Great wrap-up. <br /><br />So commodities prices fall for five years straight. Now they blip up, so deflation is dead. Perhaps, we will see. I do think we are close to bottom on commodities, due to supply and demand. I also think oil has a soft ceiling around $80, due to shale oil. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50652974265845525952016-03-04T19:29:03.802-08:002016-03-04T19:29:03.802-08:00Beware of the "sucker rally" now underwa...Beware of the "sucker rally" now underway...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88845732078471588152016-03-04T17:31:48.788-08:002016-03-04T17:31:48.788-08:00EF: Note that I don't equate QE with "sug...EF: Note that I don't equate QE with "sugar and steroids." My post a month ago on the subject was quite clear on that, I think. QE boils down to swapping bank reserves (T-bill equivalents) for notes and bonds. QE is not "printing money." Note also that I called for the Fed to at least make it clear that rate hikes were off the table, and they have done that. Since then Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81611292485405265132016-03-04T17:17:31.686-08:002016-03-04T17:17:31.686-08:00scott, i ask you to consider how you joined the pa...scott, i ask you to consider how you joined the panicked herd a couple of weeks ago and called for more QE. Incessant central bank intervention with sugar and steroids is not what markets need, ever. Market forces and cycles are the only genuine, non addicting mechanism to maintain HEALTHY markets. I have always appreciated your commentary, just stay away from being part of the crowd calling for stevierayhttps://www.blogger.com/profile/04712316805502996021noreply@blogger.com