Tag Archives: qe3

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    Nowhere to Go

    The Fed is almost certain to disappoint tomorrow
    by Chris Martenson

    Wednesday, September 12, 2012, 4:09 PM

    44

    All eyes are on the Fed meeting and the almost fully expected (99% chance, already priced in) round of quantitative easing (QE) that will be announced upon the conclusion of the September 12-13 Federal Open Marked Committee (FOMC) meeting. Or not.

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    Off the Cuff: QE Blues

    Odds of a downward market correction just increased
    by Adam Taggart

    Friday, August 3, 2012, 2:53 AM

    5

    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • Dashed hopes
      • What to expect now that the Fed and ECB have disappointed?
    • Growing signs of weakness in the economy
      • A strong defense is critical at this point
    • The continuing drought
      • ​More pain from the lack of rain

    Now that the Fed has disappointed AND the ECB (after this recording) followed suit, the markets are asking where's my fresh, cheap liquidity? While Chris and Mish don't think that further quantitative easing will have any sustained or constructive impact, they do expect it is still coming. But it seems that greater pain in the financial markets is needed before action takes place. Chris, in particular, now warns of an impending market downdraft — so a defensive position is highly advised.

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    When Quantitative Easing Finally Fails

    Expect more radical action from Capitol Hill as the Fed prov
    by Gregor Macdonald

    Wednesday, August 1, 2012, 1:23 PM

    32

    While markets await details on the next round of quantitative easing (QE) — whether refreshed bond buying from the Fed or sovereign debt buying from the European Central Bank (ECB) — it's important to ask, What can we expect from further heroic attempts to reflate the OECD economies?

    The 2009 and 2010 QE programs from the Fed, and the 2011 operations from the ECB, were intended as shock treatment to hopefully set economies on a more typical, post-recession, recovery pathway. Here in 2012, QE was supposed to be well behind us. Instead, parts of Southern Europe are in outright depression, the United Kingdom is in double-dip recession, and the US is sweltering through its weakest “recovery” since the Great Depression.

    It wasn’t supposed to be this way.

    Recently-released data from all these regions now confirm that previous QE, at best, merely bought time against even more grueling outcomes.

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  • Blog

    Daily Digest 5/30 – Utah Makes Coins Worth Their Weight in Gold, USPS Says Total Collapse is Imminent

    by DailyDigest

    Monday, May 30, 2011, 2:33 PM

    0
    • Utah Law Makes Coins Worth Their Weight in Gold (or Silver)
    • Greece Set for Severe Bail-Out Conditions
    • USPS Report Says Total Collapse is Imminent
    • To QE3 or Not to QE3 and Does it Matter?
    • Why Keystone pipeline will weaken the US
    • Shale Boom in Texas Could Increase US Oil Output
    • Entropy, Peak Oil and Stoic Philosophy

    Crash Course DVDInformation you can’t afford to live without: own the Crash Course today! (NTSC or PAL)

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  • Blog

    John Rubino: Get Ready For Accelerating Devaluation of All Fiat Currencies

    by Adam Taggart

    Saturday, May 21, 2011, 12:04 AM

    0

    “We are exporting our inflation to the rest of the world. We are forcing countries like Brazil and China to endure the pain that we should be enduring. Brazil’s interest rates are like 12% right now. China is doing something new every couple of days to scale back bank lending and consumer spending. They are countries where a big part of the population makes just a few dollars a day. Rising food and energy prices are devastating for these guys. They do not really control the global price of energy and food, yet they have to endure the pain of slowing their economies down and throwing people out of work. Have them have to spend more and more of their money on food and energy so we can keep on borrowing and growing.

    Clearly that is unsustainable. At some point these countries are going to say “No, we want our currencies to depreciate, too. We want to be able to continue to export to you.” So what we will end up with is sort of like what happened in the Depression. Everybody was trying to cut the value of their currencies at the same time. What that leads to, obviously, is global inflation, instead of just localized inflation where a few countries are debasing their currencies. You have got everybody doing it at once. That is because the US, with the world’s reserve currency, basically controls this process. We have chosen to decrease the value of the dollar dramatically over the next few years. That is going to force the rest of the world to do the same thing or endure an overvalued currency and recession. No elected politician can put up with that.

    So what’s out there? Maybe after a mini-recession or some kind of correction in the next year or two is another round — an even bigger round — of global inflation. Basically all the fiat currencies of the world start decreasing in value at an accelerating rate. At some point, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited.”

    So states John Rubino, proprietor of DollarCollapse.com. In his eyes, the demise of the dollar and other world fiat currencies via inflation is now a sure bet. There is simply too much debt that needs to be repaid, and our political leaders are not going to willingly choose the short-term pain of austerity and/or default. Of course, the resulting collapse of our monetary system will be much more painful and destructive in the long run.

    Click the play button below to listen to Chris’ interview with John Rubino (runtime 45m:22s):

    [swf file=”http://media.chrismartenson.com/audio/john-rubino-2011-05-20.mp3″]

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