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| QE Aftermath -- Brace For Impact in forum [Market-Ticker]
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Uppity_peasant
Posts: 3124
Incept: 2009-06-26
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Quote:The result? Something very similar to what happened in Japan, where over time the effect of "QE to the moon!" faded and the Nikkei never managed to actually recover it's former levels. Japan never had the twin problems of Foodzilla and Gaszilla to contend with, either. What are the denizens of the Merkun Big City Plantations going to pay for food with? They don't get an inflation increase. And I can't believe that everybody is just eating the $4 gasoline cost. Unreal.
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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?
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Genesis
Posts: 130804
Incept: 2007-06-26
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Yeah, fuel was up 1.5% overnight here.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Jubber
Posts: 14174
Incept: 2007-07-05
UK
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DAX CAC IBEX &MIB not really drinking the koolaid here
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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2dogs
Posts: 2941
Incept: 2009-03-25
Land of the Lost
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Quote:Bernanke's statement was that he would keep QEing until unemployment falls to where he wants it.  QE to infinity ... and beyond!!!
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You can't defeat the combined effects of massive voter fraud, the Free **** Army, and the entire bought and paid for media complex. This nation is done.
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Mayorquimby
Posts: 13909
Incept: 2008-09-18
The Archaic Past
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BEST thing that can happen for bears is QE CAUSES exactly this - lower employment levels. That will end basically every scam they have going.
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They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
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Randy123
Posts: 5789
Incept: 2008-09-24
Earth
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I wish that were true Quim but what they will say is that they didn't do enough. It will never be enough.
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Trades50
Posts: 4218
Incept: 2007-10-30
Land of Tax and Spend
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Quote: The evidence is clear: QE doesn't work to stimulate employment, it instead destroys jobs. Exactly!! Add in commodity prices taking off and Obama care and we do have a Japan Syndrome. Bernanke and the Fed have guided us into the Japanese path.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Muscleknight
Posts: 3993
Incept: 2007-06-26
Columbia, SC
Online
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How long will the market give BOB? How long will it be until impact occurs?
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Joshua_d
Posts: 163
Incept: 2010-08-26
Lenoir, NC
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I have pretty much resigned myself to the reality that most people simply are not going to act and prepare for the crash, or rather the continuing and intensifying crash that we are currently in.
I say this because I firmly believe that Americans are too far separated from work required to create the basic necessities of life – food, water, shelter. We get all of our goods at the end of amazingly long supply chain. I could sit here and write pages trying to explain exactly how long that chain is and I still don't think most people I know would get the picture. The division of labor may have made us more efficient, but it has also made us all more dependent and more vulnerable to the eventual break in the chain.
Most people simply aren't taking any steps at all to prepare for the day that the grocery store runs out of food, and it's going to happen. It may not happen everywhere, but it's going to happen in a lot of places and people are going to starve. The breaks in the chain will eventually be fixed, but it will take time for people to react and restart food production at a local level.
The same goes for investment. The supply chain for investing is extremely long and your traditional secure investments are being destroyed by the Chairsatan and the bankstas. However, people are so far from their money that they don't know how to get back. They are stuck in between a rock and a hard place and sadly, they are simply going to get crushed.
There is no happy ending to this situation. There is no easy way to fix this. But, there is plenty of hope.
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Iou
Posts: 1027
Incept: 2009-03-16
The Twilight Zone
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We have no safe place to put our savings. Gold, equities and bonds have been off the table for a while. You have to include Cash now with unlimited QEing. I feel sick.
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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
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Jubber
Posts: 14174
Incept: 2007-07-05
UK
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Has bondzilla entered stage right, that's quite a move?
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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R2judge
Posts: 578
Incept: 2008-04-13
Burbank CA
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"The speculative "burst" higher may be maintained for a while, however...."
At this point, i would expect to tag the all time high or hit a nominal new all time high, simply because the market is so close to one.
The 2007 high was in October and it could work out that way again, a high in October, going into the strong season of the market.
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Debtpie
Posts: 534
Incept: 2009-12-17
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All I can say is that anyone that believes QE is about creating jobs is a sucker.
"QE for Jobs" is a smoke screen to justify bankrupting the nation to save the banks...it's really "QE for Recapitalizing Insolvent Banks at Taxpayer Expense"
That's the driver behind QE; no more complicated than that.
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Price/Danger/Risk of the DOW? Look at this chart...we are now, for the 3rd time, at the very outer extremes of the trend channel:
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Noodleman
Posts: 2394
Incept: 2008-11-01
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I can only laugh when I read that Obama has a 7 pt. lead on Romney. With all the lies, financial games, bankster bailouts, acts of fascism, largest tax (Obamacare) in the history of the nation, perpetually high UE rate, large % of working aged people without work, opened doors to illegal foreigners to compete for available jobs, etc... how is it possible that the 'great one' would have such a large advantage going into November?? He shouldn't have a 7 pt. lead on SpongeBob SquarePants. It only shows the grave desperation that this country is in. 46 million on food stamps and growing. I heard the program being advertised on mainstream radio yesterday by the US Dept of Agriculture. As if we don't already have enough leeches. Now they are actively recruiting for more. And the advertisement said that owning a car or a home is not an automatic disqualifier! HAH! :^)
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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R2judge
Posts: 578
Incept: 2008-04-13
Burbank CA
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Japan had the Nikkei, the U.S. the Nasdaq. Neither has returned to its all time high. However, the U.S. also has the DOW and S&P. Both of those have been driven to within inches of their all time highs.
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Jubber
Posts: 14174
Incept: 2007-07-05
UK
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Is this a blow off top?
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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Debtpie
Posts: 534
Incept: 2009-12-17
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Quote:I can only laugh when I read that Obama has a 7 pt. lead on Romney...It only shows the grave desperation that this country is in No, it shows what a dumbass Romney is! And that's not just the left leaning Independent in me speaking...that's the top of the R mouthpieces crying out too! Independents will decide who wins...simple as that...Idependents are not Kool-aid drinkers of either party...yet Romney continues to run ads here in Iowa that are complete lies and Independents see right through them. Why run lies when there are so many damaging truths to be told about Obama? Truths that would ring positively with Independents? Why lies? Because Romney is no different than Obama...and he's a dumbass. ~~~~~~~~~ On a lighter note: Here's some fantastic news! Quote:"UnitedHealth to replace Kraft in Dow 30" Quote:"S&P Dow Jones Indices, which manages the Dow, said Friday that the change will take effect at the start of trading Sept. 24. It said the change reflected the growing importance of health care spending in the U.S. economy. " So the DOW will add a company that extracts wealth from the country; and kick out a company that adds wealth. Lovely. http://finance.yahoo.com/news/unitedheal....
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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R2judge
Posts: 578
Incept: 2008-04-13
Burbank CA
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"Price/Danger/Risk of the DOW? Look at this chart...we are now, for the 3rd time, at the very outer extremes of the trend channel:"
The attached chart was from 2008. This is 2012. The chart is an inflation adjusted chart, not a points of the DOW chart. The DOW is near 14,000, but not inflation adjusted. Thus we are not at the outer upper extreme of the trend channel on this particular chart.
The chart shows 1982 at a low. In terms of points, the DOW hit a low in 1974, not 1982. Adjusted for inflation, 1982 was the low.
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Shannonlk1
Posts: 112
Incept: 2008-12-02
Raleigh
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Just my opinion, but Based on what Bernanke will be buying, he is only doing it again to take bad debt off the banks. It tells me they are still swamped with bad debt due to housing. and its not getting better. It has absolutely nothing to do with helping unemployment. That is just a good excuse. Again. just my opinion.
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Criminals thrive on the indulgence of Society's understanding.
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Vitchilo
Posts: 4637
Incept: 2011-04-27
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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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Debt, I often despise your left-leaning comments but with your summation and ultimate conclusion: Romney being a dumbass, well it's spot-on. I won't vote for him. I hate Obama and everything he stands for, but I held my nose in '08 and went Mc****Stain. I won't do that again. I'd rather NOT vote and withdraw my consent completely. **** both of those *******s.
And great analysis JoshD. I started gardening 3 years ago, partly for fun, partly because I like to grow ****, but also as a learning experience should I need to help my family eat someday.
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We're ****ed. Where's Henry Bowman when you need him?
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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Quote:I can only laugh when I read that Obama has a 7 pt. lead on Romney Romney IS different from Obama: he wants to cut the tax rate of the one percent. Obama wants to raise it.
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Welcome to Pottersville
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Mrobe10586
Posts: 112
Incept: 2008-12-30
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Could some one please tell me what Bernanke is promising to accomplish with this move? In other words, what is the mechanism for increasing employment he is purporting to start by buying MBS for "as long as it takes?"
To put it in organic chemistry terms, synthesize a job from the program of buying $40 billion in MBS every month with no end in sight.
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Asimov
Posts: 104068
Incept: 2007-08-26
East Tennessee Eastern Time
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Mrobe: More profits for the big banks. That's it. Really.
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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