RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |
| User Info | Potential Breakout Intermediate Term in forum [Ticker] | |||
|
Genesis Posts: 71431 Incept: 2007-06-26 
KD^2 
|
http://market-ticker.org/archives/893-Po....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 10:46:21
Permalink | |||
|
Reza30 Posts: 233 Incept: 2009-02-15
|
Karl, The Fed announcement to buy government debt is extremely troubling to me. Debasing our currency is this manner is a direct assault on the American way of life. You have also said in your radio show that you did not think the Fed would just "print" since it doesn't work that way. Now that the Fed has decided to print, then what? I still believe in your prediction that we will have severe instability in the bond market and or in the Dollar. Printing money is a Central Bank's clear admission that it has lost the confidence of the investors, and that the government it represents has lost its tax base. Last modified:
2009-03-23 12:24:44 by reza30
| |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
The Fed has NOT YET printed. All their EXISTING "buys" that LOOK LIKE printing are not. They are in fact circle jerks - the "new bank reserves" are going right back into The Fed vault. So long as that continues its a pud-pulling contest. If that STOPS we're in deep ****, but until it does, its not inflationary and is all bloviating - which is what they've in fact been doing since this whole thing started. The day they ACTUALLY PRINT I will shift my thesis on a dime. So far I see no evidence of it actually happening - but they WANT people to THINK they are. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 12:24:39
Permalink | |||
|
Reza30 Posts: 233 Incept: 2009-02-15
|
Quote:The Fed has NOT YET printed. Thanks for explaining. It is very hard to know what is going on since the M3 is no longer published. Makes you wonder what they are hiding. Last modified:
2009-03-23 12:27:56 by reza30
| |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
If they print they're risking a bond-market collapse and they know it. The guys in the bond market aren't as dumb as the equity traders and various pundits (including the wonderful folks over at ...... who are married to that thesis) who claim "we're going Argentina!" We might be, but we haven't YET done it. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2009-03-23 12:29:58 by genesis
| |||
|
Randy123 Posts: 2006 Incept: 2008-09-24 New Jersey
|
If they have bought any long term treasuries as of their announcement on Wed, they are printing.
---------- Mliu is my hero. Captain melamine.
2009-03-23 12:31:48
Permalink | |||
|
Tacoflavored Posts: 105 Incept: 2007-09-07 
Tortilla Flats
|
What specific piece of data are you looking for to indicate that the Fed is actually printing, and what is the lag time between the Fed printing and the public release of that data?
2009-03-23 12:33:47
Permalink | |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
I look for where the "new bank reserves" go. If they go back into The Fed vault, then there is no actual printing. Note that this has SWELLED. While the 1/4% they're paying in interest could be considered "printing", that's so small as to not count for anyone with half a brain. If those "new bank reserves" get loosed into the economy, THAT will be bad. VERY bad. The bond market reaction is likely to be nearly instantaneous. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 12:35:37
Permalink | |||
|
Risingcream Posts: 2547 Incept: 2007-09-07
|
Genesis, how is the government going to pay back all the debt that they are incurring.
---------- Civilization...ancient and wicked. --Subotai The trees in Siberia are miles apart, that is why the dogs are so fast. -- Bob Hope
2009-03-23 13:07:36
Permalink | |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
They're not. Sucks to be China. Yuck-yuck. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 13:13:47
Permalink | |||
|
Icanhasbailout Posts: 2170 Incept: 2009-03-10
Imaginationland Online
|
I don't see how anyone can fail to realize that this course of action means that our government plans to default on its debts (or monetize them, which amounts to the same thing). Anyone with money left to steal, that is... ---------- I can has TARP? http://icanhastarp.com
2009-03-23 13:16:13
Permalink | |||
|
Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
|
If walks like printing, and quacks like printing, it's printing. There must be very few ducks in China for them to be continuing to buy treasuries. ---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. Last modified:
2009-03-23 13:46:49 by bozonian
| |||
|
Risingcream Posts: 2547 Incept: 2007-09-07
|
Ouch, poor Chinese people getting ****d by government policy. Well I have always stated it is better to have existed than not ever having existed, even if born into slavery. Class warfare is stronger in communist China than in any other country.
---------- Civilization...ancient and wicked. --Subotai The trees in Siberia are miles apart, that is why the dogs are so fast. -- Bob Hope
2009-03-23 14:03:30
Permalink | |||
|
Deepsee100 Posts: 696 Incept: 2008-02-05 Paris
|
way 2 go Karl, plug away! You deserve it.
---------- Other countries have their history. Brazil has football.
2009-03-23 14:42:43
Permalink | |||
|
Britishsteel Posts: 726 Incept: 2007-12-07
New york
|
Karl you have a link to follow the money back into the feds vault?
2009-03-23 14:57:49
Permalink | |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
Watch the flow-of-funds reports from The Fed. Published regularly. If I see them ****ing around, I'll start screaming. FAST AND LOUD. That assumes the bond market hasn't made it instantly obvious. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2009-03-23 14:59:31 by genesis
| |||
|
Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey Online
|
Karl - maybe these questions show my ignorance but I was wondering why the Fed would want its "exisiting buys" to look like printing, when that is not the case? What benefit would there be?
---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-03-23 15:04:53
Permalink | |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
The Fed's most powerful tool is the jawbone. It does not want people to believe in deflation, because then they will not spend (if its gonna be cheaper tomorrow why buy today?) and velocity will go to ****. THAT'S a serious problem. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 15:06:02
Permalink | |||
|
Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey Online
|
Oh....that explains it...thank you...
---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-03-23 15:07:04
Permalink | |||
|
Britishsteel Posts: 726 Incept: 2007-12-07
New york
|
thanks karl
2009-03-23 15:10:57
Permalink | |||
|
Mobi Posts: 29 Incept: 2009-02-26 NY State
|
So, Karl Do you know whether the QE over at UK is "real" printing or not? Tx
2009-03-23 15:47:05
Permalink | |||
|
Genesis Posts: 71431 Incept: 2007-06-26
KD^2
|
Heh that was a good call  No idea on the UK - I don't have enough information on that one. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-23 15:57:41
Permalink | |||
|
Timbo Posts: 1132 Incept: 2008-10-10
|
Oh, SKF, come to daddy...
---------- http://mises.org/story/770 http://www.theplacewithnoname.com/blogs/klessons/index.html If you don't fly the plane and find a place to land, then God will find a place to park you.
2009-03-23 16:07:55
Permalink | |||
|
Yaldor Posts: 1430 Incept: 2008-05-17
|
QE is indeed what known as "printing" the bank of England buys long term government bonds
---------- For every crash the probability of someone showing that he predicted it is near 1 . For every prediction of an imminent crash the probability of it being correct is almost zero
2009-03-23 16:22:44
Permalink | |||
|
Randy123 Posts: 2006 Incept: 2008-09-24 New Jersey
|
I guess part of it depends on the FEDs flow of funds reporting honesty.
---------- Mliu is my hero. Captain melamine.
2009-03-23 16:37:15
Permalink | |||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |