tag:blogger.com,1999:blog-6616959642391988608.post6218757664599598504..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Why we don't need a QE3Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-73706162834229457782011-08-10T06:57:36.323-07:002011-08-10T06:57:36.323-07:00Of course the 'bank stocks will surge' whe...Of course the 'bank stocks will surge' when you guantee that the tax payer will provide you with free inventory for two more years! How long will this abuse continue?TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89485761011998243252011-08-09T22:18:34.695-07:002011-08-09T22:18:34.695-07:00Christian: excellent comment, and it is no surpris...Christian: excellent comment, and it is no surprise that bank stocks surged today. Anyone with access to money at close to the Fed funds rate is going to enjoy a bonanza until, of course, the Fed has to tighten to counteract rising inflation.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73170853957728807592011-08-09T19:27:12.542-07:002011-08-09T19:27:12.542-07:00Just a brilliant analysis of the economic situatio...Just a brilliant analysis of the economic situation! Looks like the Federal Reserve gets it.<br /><br />WilliamWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51925979280087025452011-08-09T13:25:51.581-07:002011-08-09T13:25:51.581-07:00The best thing that happened with today's boun...The best thing that happened with today's bounce is our President did not speak.The Rollerhttps://www.blogger.com/profile/10835104442541844347noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83163066833893924872011-08-09T13:23:38.754-07:002011-08-09T13:23:38.754-07:00You cannot remedy an insolvent debt problem with m...You cannot remedy an insolvent debt problem with more debt, or restructured debt. <br /><br />You can only remedy a debt insolvency with more income. There is no other way. <br /><br />There is only one policy to address our national debt, and that single policy is to create a fiscal context for 'Growth' that our monetay policy can align behind to support. <br /><br />So, when policy The Rollerhttps://www.blogger.com/profile/10835104442541844347noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23134168500627651222011-08-09T12:47:06.596-07:002011-08-09T12:47:06.596-07:00...only if you were too big to fail!...only if you were too big to fail!TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19263461791549972182011-08-09T12:36:57.932-07:002011-08-09T12:36:57.932-07:00if i were a bank ceo and you told me that i could ...if i were a bank ceo and you told me that i could count on (not just expect) <.25% deposits for the next two years, i would be stunned (in a nice way)...Christian S. Herzeca, Esq.https://www.blogger.com/profile/09913237226503475709noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37757421954028092112011-08-09T12:33:22.451-07:002011-08-09T12:33:22.451-07:00A move to reflate and/or recklessly relate will no...A move to reflate and/or recklessly relate will not be recieved well abroad and probably the eventual loss of reserve currency status. At minimum it sends a horrible message to the emerging juristictions. <br />Should that tragically happen have plenty of dry goods and ammunition!<br />I got a bad feeling this ain't gonna end nice either way!TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56182425058006138952011-08-09T12:24:27.907-07:002011-08-09T12:24:27.907-07:00You can cry Argentina, but you are only one ocean ...You can cry Argentina, but you are only one ocean off--cry Japan instead.<br /><br />Inflation is dead. Real estate is dead. Equities are dead. People give money to the US government for nothing.<br /><br />I have just described Japan.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75641240200688006392011-08-09T12:08:24.270-07:002011-08-09T12:08:24.270-07:00The Fed is petrified of any tick up in interest ra...The Fed is petrified of any tick up in interest rates.(see recent Fed statement). It now looks like we have moved into a 'fixed' interest rate environment and are starting to look like Argentina in the 70's and 80's. Higher inflation rates will quickly move rates higher. This is classic catch 22 stuff. With loads of debt the second worse scenario is indeed a deflationary TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27155750917668887812011-08-09T12:00:26.395-07:002011-08-09T12:00:26.395-07:00BTW.
According to the BLS, the CPI-All Urban Cons...BTW.<br /><br />According to the BLS, the CPI-All Urban Consumers was at 225.722 in June 2011. It stood at 219.964 on July 2008.<br /><br />Let's get scared. That is a 2.62 percent increase in just three years. <br /><br />Really this is less than one percent a year, well under any reasonable target. One might even say inflation is dead. <br /><br />Why are my right-wing friends so Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27730079721650566982011-08-09T11:59:16.341-07:002011-08-09T11:59:16.341-07:00This comment has been removed by the author.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62459643470772759502011-08-09T11:51:43.395-07:002011-08-09T11:51:43.395-07:00"With the benefit of hindsight, Quantitative ..."With the benefit of hindsight, Quantitative Easing, as practiced by the Fed in late 2008 and from Oct. '10 through Mar. '11, was justified since at the time it helped satisfy the world's intense demand for highly liquid, dollar-based safety. A failure to satisfy a surge in the demand for dollars would have been deflationary, since it would have resulted in a shortage of dollars.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89109446825637390882011-08-09T11:38:13.008-07:002011-08-09T11:38:13.008-07:00I have been advocating for monetary expansion for ...I have been advocating for monetary expansion for several years -- however, as I sit here right now, I see new opportunities emerging economically for the US that are compelling -- the truth is that a QE3 would take months to ramp up, and would be "too little, too late" to repair the damage already done to the Federal Reserve and US government's credibility -- what is needed now is McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92158820235223870422011-08-09T10:55:09.711-07:002011-08-09T10:55:09.711-07:00Should the shell game masterminding continue - and...Should the shell game masterminding continue - and the US loses it's prized and privledged reserve currency status - look for the DJIA to open at long term support at 1,000!TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.com